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Nonprofit · EIN 52-0742077

116 INC

Tax-exempt · WASHINGTON, DC 20002

Financials

$692K$724K2023$887K$822K2024
Revenue Expenses · by fiscal year end
Financials of 116 INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
July 31, 2025990$886,644$822,489$64,155$790,522$40,668$749,854
July 31, 2024990$691,654$724,450-$32,796$768,151$37,113$731,038
Financial details: 990 for the year ended July 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$610,771
Investment income
$49,179
Net rental income
$471
Net gain from sales of assets
$46,193
Net income from sales of inventory
$226,223
Other revenue
$226,694

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$247,112
Other salaries and wages
$316,873
Salaries, compensation and benefits (total)
$650,580
Professional fundraising fees
$0
Accounting fees
$12,185
Depreciation
$9,000
Program services (functional)
$810,304
Management and general (functional)
$12,185

Balance sheet and other

Total assets, start of year
$768,151
Total assets, end of year
$790,522
Total liabilities, end of year
$40,668
Net assets, end of year
$749,854
Land, buildings and equipment
$273,851
Publicly traded securities
$141,686
Net assets without donor restrictions
$749,854
Gross unrelated business income
$49,650
Gross receipts
$1,076,699
Employees
16
State of legal domicile
DC

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 July 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
NICHOLAS C PALEOLOGOSPRESIDENT
Officer
40$177,843
STACY PALEOLOGOSPRESIDENT0$69,269
PATRICK O'NEILLDirector
Trustee or director
0$0
EDWARD J HEFFERNANChairman
Trustee or director
0$0
DANIEL MCCARTHYDirector
Trustee or director
0$0
ROBERT PRIMUSDirector
Trustee or director
0$0
MARTHA SCOTT POINDEXTERDirector
Trustee or director
0$0
ROBERT SCHRAMMDirector
Trustee or director
0$0
MICHAEL O WAREDirector
Trustee or director
0$0
DAVID PRYORDirector
Trustee or director
0$0
AMY R HAMMERDirector
Trustee or director
0$0
JESSE MCCOLLUMDirector
Trustee or director
0$0
NEIL CHATTERJEEDirector
Trustee or director
0$0
WILLIAM G SIMPSON IIISecretary
Officer
0$0
RAYMOND BRAGGTreasurer
Officer
0$0
990 for the year ended July 31, 2024: 15 people
NameTitleHours / weekCompensation
STACY PALEOLOGOSPRESIDENT
Officer
40$123,914
NICHOLAS C PALEOLOGOSVice President
Officer
40$47,365
PATRICK O'NEILLDirector
Trustee or director
0$0
EDWARD J HEFFERNANChairman
Trustee or director
0$0
DANIEL MCCARTHYDirector
Trustee or director
0$0
ROBERT PRIMUSDirector
Trustee or director
0$0
MARTHA SCOTT POINDEXTERDirector
Trustee or director
0$0
ROBERT SCHRAMMDirector
Trustee or director
0$0
MICHAEL O WAREDirector
Trustee or director
0$0
DAVID PRYORDirector
Trustee or director
0$0
AMY R HAMMERDirector
Trustee or director
0$0
JESSE MCCOLLUMDirector
Trustee or director
0$0
NEIL CHATTERJEEDirector
Trustee or director
0$0
WILLIAM G SIMPSON IIISecretary
Officer
0$0
RAYMOND BRAGGTreasurer
Officer
0$0

Address and contacts

Address (IRS master file)
234 3RD ST NE, WASHINGTON, DC 20002-5756
Signed the 990
NICHOLAS C PALEOLOGOS, PRESIDENT
Phone
(202) 547-6800
Return prepared by
WALTER JEW CPA PC

Mission

SOCIAL CLUB

990 for the year ended July 31, 2025

Program accomplishments

  • OPERATION OF PRIVATE CLUB INCLUDING FOOD-BAR SALES TO MEMBERS
    Expenses $810,304 · revenue $384,896

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 July, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025July 31, 2026December 15, 2026Not due yet
2024July 31, 2025December 15, 2025990 on file
2023July 31, 2024December 16, 2024990 on file

IRS record

EIN
52-0742077
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1966
Accounting year ends
July
Files
Form 990 or 990-EZ
Assets (IRS master file)
$790,522
Income (IRS master file)
$1,076,699

Filing history

FormYear endedRevenueExpensesAssetsReturn
990July 2025$886,644$822,489$790,522IRS
990July 2024$691,654$724,450$768,151XML
990July 2023$657,781$632,646$788,077IRS
990July 2022–––IRS
990July 2021–––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 52-0742077).

Questions about 116 INC

What is the EIN of 116 INC?
The employer identification number (EIN) of 116 INC is 52-0742077.
Is 116 INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1966.
Are donations to 116 INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does 116 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 116 INC due?
The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did 116 INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended July 2025.
Who are the officers and directors of 116 INC?
The 990 for the year ended July 31, 2025 lists 15 people; 2 received compensation from the organization, the highest $177,843 (NICHOLAS C PALEOLOGOS, PRESIDENT).
How much revenue does 116 INC have?
On its 990 for the year ended July 31, 2025 it reported revenue of $886,644, expenses of $822,489 and total assets of $790,522 at year end.

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