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Nonprofit · EIN 04-3103400

SAUGUS ITALIAN AMERICAN CLUB INC

Tax-exempt · SAUGUS, MA 01906

Financials

$176K$192K2023$169K$166K2024$176K$163K2025
Revenue Expenses · by fiscal year end
Financials of SAUGUS ITALIAN AMERICAN CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$176,033$163,402$12,631$126,872$15,683$111,189
December 31, 2024990-EZ$168,801$165,676$3,125$128,892$30,334$98,558
December 31, 2023990-EZ$176,291$191,569-$15,278$136,213$40,780$95,433
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Membership dues
$1,860
Program service revenue
$125,782
Other revenue
$48,391

Expenses

Grants and similar amounts paid
$1,500
Benefits paid to members
$1,005
Compensation of officers, directors and key employees
$18,720
Salaries, compensation and benefits (total)
$31,893
Professional fees and payments to contractors
$7,500
Occupancy
$26,860
Other expenses
$94,644

Balance sheet and other

Total assets, start of year
$128,892
Total assets, end of year
$126,872
Total liabilities, end of year
$15,683
Net assets, end of year
$111,189
Cash, savings and investments
$40,171
Land and buildings
$86,701
Gross receipts
$176,033

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-EZ for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
RICHARD SALERNOJRTREASURER10$18,720
PAUL SERINOPRESIDENT10$0
VINCENT SERINOCLERK10$0
WILLIAM NICOLODIRECTOR4$0
GARY NICOLODIRECTOR4$0
DONALD SHELLDIRECTOR4$0
990-EZ for the year ended December 31, 2024: 6 people
NameTitleHours / weekCompensation
RICHARD SALERNOJRTREASURER10$15,600
PAUL SERINOPRESIDENT10$0
VINCENT SERINOCLERK10$0
WILLIAM NICOLODIRECTOR4$0
GARY NICOLODIRECTOR4$0
DONALD SHELLDIRECTOR4$0
990-EZ for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
RICHARD SALERNOJRTREASURER10$15,500
PAUL SERINOPRESIDENT10$0
VINCENT SERINOCLERK10$0
WILLIAM NICOLODIRECTOR4$0
GARY NICOLODIRECTOR4$0
DONALD SHELLDIRECTOR4$0

Address and contacts

Address (IRS master file)
1 BEACHVIEW AVE, SAUGUS, MA 01906-3001
Signed the 990-EZ
RICHARD D SALERNO, TREASURER
Phone
(781) 233-8669
Return prepared by
Leonard Fafel CPA PC

Mission

SOCIAL AND CIVIC ACTIVITIES FOR MEMBERS

990-EZ for the year ended December 31, 2025

Program accomplishments

  • SCHOLARSHIPS TO PROMOTE EDUCATIONAL ASSISTANCE FOR MEMBERS CHILDREN
  • HELPING YOUTH ORGANIZATIONS, LITTLE LEAGUE BASEBALL,SICK MEMBERS RELIEF PROGRAM-XMAS PARTYHALLOWEEN AND THANKSGIVING,MEMBERS FUNCTIONS

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-EZ on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2026 990-EZ for SAUGUS ITALIAN AMERICAN CLUB INC

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
04-3103400
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1994
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P84Z)
Assets (IRS master file)
$126,872
Income (IRS master file)
$176,033

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025$176,033$163,402$126,872IRS
990-EZDecember 2024$168,801$165,676$128,892IRS
990-EZDecember 2023$176,291$191,569$136,213XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2019–––IRS
990-EZDecember 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 04-3103400).

Questions about SAUGUS ITALIAN AMERICAN CLUB INC

What is the EIN of SAUGUS ITALIAN AMERICAN CLUB INC?
The employer identification number (EIN) of SAUGUS ITALIAN AMERICAN CLUB INC is 04-3103400.
Is SAUGUS ITALIAN AMERICAN CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1994.
Are donations to SAUGUS ITALIAN AMERICAN CLUB INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does SAUGUS ITALIAN AMERICAN CLUB INC 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 SAUGUS ITALIAN AMERICAN CLUB INC 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 SAUGUS ITALIAN AMERICAN CLUB INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who are the officers and directors of SAUGUS ITALIAN AMERICAN CLUB INC?
The 990-EZ for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $18,720 (RICHARD SALERNOJR, TREASURER).
How much revenue does SAUGUS ITALIAN AMERICAN CLUB INC have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $176,033, expenses of $163,402 and total assets of $126,872 at year end.

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