Worcester Club
- Assets
- $2.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 38
- Location
- Worcester, MA
- Founding
- 09/1934
- Data as of
- 04/2023
- EIN
- 04-1988860
Organization Overview
Worcester Club is located in Worcester, MA. The organization was established in 1934. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 04/2023, Worcester Club employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worcester Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 04/2023, Worcester Club generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $1.8m during the year ending 04/2023. While expenses have increased by 13.5% per year over the past 8 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
PROVISION OF FACILITIES TO MEMBERS FOR SOCIAL AND INTELLECTUAL ENHANCEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth C Pickering Immediate Past President | Trustee | 2 | $0 |
Deborah A Penta President | OfficerTrustee | 2 | $0 |
Eric K Torkornoo Vice President House Comittee | OfficerTrustee | 2 | $0 |
Leonardo A Angiulo Vice President Member Committee | OfficerTrustee | 2 | $0 |
John C Mcdaniel Director | Trustee | 2 | $0 |
George K Tonna Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $987,439 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $987,439 |
| Total Program Service Revenue | $402,277 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $654,066 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,043,782 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $736,665 |
| Pension plan accruals and contributions | $11,273 |
| Other employee benefits | $73,448 |
| Payroll taxes | $92,931 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,968 |
| Fees for services: Accounting | $19,274 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,036 |
| Information technology | $63,282 |
| Royalties | $0 |
| Occupancy | $300,030 |
| Travel | $5,970 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,078 |
| Interest | $14,676 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $203,406 |
| Insurance | $48,075 |
| All other expenses | $26,730 |
| Total functional expenses | $1,760,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $539,845 |
| Savings and temporary cash investments | $75,854 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $251,015 |
| Loans from Officers, Directors, or Controlling Persons | $112,616 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $94,756 |
| Prepaid expenses and deferred charges | $11,984 |
| Net Land, buildings, and equipment | $1,102,296 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,188,366 |
| Accounts payable and accrued expenses | $173,452 |
| Grants payable | $0 |
| Deferred revenue | $96,250 |
| 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 | $293,798 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $186,518 |
| Total liabilities | $750,018 |
| Net assets without donor restrictions | $0 |
| 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 | $1,438,348 |
| Total liabilities and net assets/fund balances | $2,188,366 |