Chilton Club
- Assets
- $8.8m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 55
- Location
- Boston, MA
- Founding
- 08/1934
- Data as of
- 12/2023
- EIN
- 04-1174990
Organization Overview
Chilton Club is located in Boston, MA. The organization was established in 1934. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Chilton Club employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chilton Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Chilton Club generated $2.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ESTABLISHMENT AND MAINTENANCE OF A LIBRARY AND READING ROOM IN ADDITION TO OTHER SOCIAL ACTIVITIES. THE CLUB OPERATES A 40 SEAT RESTAURANT, BANQUET FACILITIES AND 14 GUEST ROOMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DINING,BANQUET FACILITIES AND GUEST ROOMS FOR APPROXIMATELY 1,000 MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs Deborah B Davis President | OfficerTrustee | 10 | $0 |
Mrs Molly H Sherden 1st Vice President | OfficerTrustee | 10 | $0 |
Mrs Rosemary Thomsen 2nd Vice President | OfficerTrustee | 2 | $0 |
Ms Ann Philbin Treasurer | OfficerTrustee | 2 | $0 |
Mrs Helen Glaenzer Secretary | OfficerTrustee | 2 | $0 |
Mrs Susan Barry Governor | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ph Mechanical Hvac Replacement | 12/30/23 | $228,415 |
Building Restoration Services Exterior Renovations | 12/30/23 | $240,259 |
Marshall Watson Interiors Inc Interior Design And Purchasing Services | 12/30/23 | $108,703 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $97,402 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,402 |
| Total Program Service Revenue | $3,719,640 |
| Investment income | $137,095 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $144,274 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,196,023 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,902,388 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $263,178 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $897,155 |
| Pension plan accruals and contributions | $11,776 |
| Other employee benefits | $99,265 |
| Payroll taxes | $98,526 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,475 |
| Fees for services: Accounting | $31,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,639 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $92,856 |
| Information technology | $47,168 |
| Royalties | $0 |
| Occupancy | $410,178 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $74,881 |
| Interest | $6,801 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $68,764 |
| Total functional expenses | $2,421,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,703,989 |
| Savings and temporary cash investments | $51,197 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,491,075 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $69,587 |
| Prepaid expenses and deferred charges | $77,520 |
| Net Land, buildings, and equipment | $211,283 |
| Investments—publicly traded securities | $5,185,234 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $13,884 |
| Other assets | $0 |
| Total assets | $8,803,769 |
| Accounts payable and accrued expenses | $520,376 |
| Grants payable | $0 |
| Deferred revenue | $2,984,747 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $499,537 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $531,861 |
| Total liabilities | $4,536,521 |
| Net assets without donor restrictions | $4,267,248 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,803,769 |