Greylock Community Club Inc
- Assets
- $331.2k
- Revenue
- $158.5k
- Investments
- $0.0
- Employees
- 20
- Location
- North Adams, MA
- Founding
- 06/1948
- Data as of
- 12/2021
- EIN
- 04-2013396
Organization Overview
Greylock Community Club Inc is located in North Adams, MA. The organization was established in 1948. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Greylock Community Club Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greylock Community Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Greylock Community Club Inc generated $158.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $158.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ALL ACTIVITY IS PERFORMED IN A MANNER CONSISTENT WITH OUR ORGANIZATION MEMBERS STATUS AND COMMUNITY BENEFIT
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES INCLUDING BAR, LOTTERY, SPORTS, MASS CARDS, AND FLOWERS. PHILANTHROPIC ACTIVITIES FOR YOUNG INCLUDING SCHOLARSHIPS, CHRISTMAS PARTY AND YOUTH SPORTS TEAMS SPONSORSHIPS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hewitt Rand Financial Secretary | Officer | 1 | $0 |
Edward Therrien Vice-President | Officer | 1 | $0 |
Richard Wood Treasurer | Officer | 4 | $0 |
Randy Wood President | Officer | 2 | $0 |
Carol Rand Secretary | Officer | 1 | $0 |
Joseph Beverly Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,940 |
| Fundraising events | $5,518 |
| 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 | $12,458 |
| Total Program Service Revenue | $0 |
| Investment income | $164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,737 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $18,572 |
| Net Income from Sales of Inventory | $75,166 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $158,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,345 |
| 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 | $87,330 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,942 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,180 |
| Fees for services: Accounting | $5,843 |
| 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 | $3,640 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,086 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,638 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,331 |
| Insurance | $964 |
| All other expenses | $0 |
| Total functional expenses | $158,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,894 |
| Savings and temporary cash investments | $36,245 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,195 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,878 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $221,955 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $331,167 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $27,499 |
| Unsecured mortgages and notes payable | $10,000 |
| Other liabilities | $0 |
| Total liabilities | $37,499 |
| 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 | $293,668 |
| Total liabilities and net assets/fund balances | $331,167 |
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