Nonprofit · EIN 01-0498100
PORTLAND OLYMPIC CLUB INCORPORATED
Also known as PORTLAND BOXING CLUB
Tax-exempt · PORTLAND, ME 04104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $197,804 | $219,495 | -$21,691 | $208,222 | $0 | $208,222 |
| December 31, 2024 | 990 | $210,461 | $213,372 | -$2,911 | $229,913 | $0 | $229,913 |
| December 31, 2023 | 990 | $229,967 | $178,632 | $51,335 | $232,824 | $0 | $232,824 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $95,142
- Membership dues
- $1,970
- Program service revenue
- $99,609
- Investment income
- $3,053
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $110
- Accounting fees
- $1,475
- Occupancy
- $69,404
- Travel
- $15,110
- Depreciation
- $8,025
- Program services (functional)
- $186,670
- Management and general (functional)
- $25,386
- Fundraising (functional)
- $7,439
Balance sheet and other
- Total assets, start of year
- $229,913
- Total assets, end of year
- $208,222
- Total liabilities, end of year
- $0
- Net assets, end of year
- $208,222
- Land, buildings and equipment
- $12,038
- Net assets without donor restrictions
- $208,222
- Gross receipts
- $197,804
- Employees
- 0
- Volunteers
- 12
- Year formed
- 2002
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| G Robert Russo | President Officer | 0 | $0 |
| Durward Ferland | Treasurer Officer | 0 | $0 |
| Ivan Papkee | Secretary Officer | 0 | $0 |
| Jennifer Riggle | Clerk Officer | 0 | $0 |
| Lee Bals | Director Trustee or director | 0 | $0 |
| Jeff Quirk | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| G Robert Russo | President Officer | 0 | $0 |
| Durward Ferland | Treasurer Officer | 0 | $0 |
| Ivan Papkee | Secretary Officer | 0 | $0 |
| Jennifer Riggle | Clerk Officer | 0 | $0 |
| Lee Bals | Director Trustee or director | 0 | $0 |
| Jeff Quirk | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| G Robert Russo | President Officer | 0 | $0 |
| Durward Ferland | Treasurer Officer | 0 | $0 |
| Ivan Papkee | Secretary Officer | 0 | $0 |
| Jennifer Riggle | Clerk Officer | 0 | $0 |
| Lee Bals | Director Trustee or director | 0 | $0 |
| Jeff Quirk | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 644, PORTLAND, ME 04104-0644
- In care of
- % G ROBERT RUSSO
- Principal officer (990 for 2025)
- G Robert Russo, 33 Allen Ave, Portland, ME 04103
- Signed the 990
- G Robert Russo, President
- Phone
- (207) 761-0975
- Return prepared by
- Clark & Friel LLC
Mission
Training men and women as competitors in World Olympics.
Program accomplishments
- Boxing incomeExpenses $186,670 · revenue $99,609
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 01-0498100
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N60)
- Assets (IRS master file)
- $208,222
- Income (IRS master file)
- $197,804
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $197,804 | $219,495 | $208,222 | XML |
| 990 | December 2024 | $210,461 | $213,372 | $229,913 | IRS |
| 990 | December 2023 | $229,967 | $178,632 | $232,824 | XML |
| 990 | December 2022 | $205,394 | $179,696 | $187,004 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0498100).
Questions about PORTLAND OLYMPIC CLUB INCORPORATED
- What is the EIN of PORTLAND OLYMPIC CLUB INCORPORATED?
- The employer identification number (EIN) of PORTLAND OLYMPIC CLUB INCORPORATED is 01-0498100.
- Is PORTLAND OLYMPIC CLUB INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to PORTLAND OLYMPIC CLUB INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PORTLAND OLYMPIC CLUB INCORPORATED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PORTLAND OLYMPIC CLUB INCORPORATED due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PORTLAND OLYMPIC CLUB INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PORTLAND OLYMPIC CLUB INCORPORATED?
- The 990 for the year ended December 31, 2025 names G Robert Russo.
- Who are the officers and directors of PORTLAND OLYMPIC CLUB INCORPORATED?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does PORTLAND OLYMPIC CLUB INCORPORATED have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $197,804, expenses of $219,495 and total assets of $208,222 at year end.
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