Hope Club
- Assets
- $6.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 40
- Location
- Providence, RI
- Founding
- Data as of
- 09/2016
- EIN
- 05-0158360
Organization Overview
Hope Club is located in Providence, RI. As of 09/2016, Hope Club employed 40 individuals. Hope Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF ONE OF RHODE ISLAND'S PREMIER PRIVATE SOCIAL CLUBS, OFFERING MEMBERS AND GUESTS AN OPPORTUNITY TO ENGAGE IN SOCIAL ACTIVITIES THAT ENTWINE FIRST-CLASS SERVICE AND AMENTITIES INCLUDING, DINNING, EXERCISE/GAME, AND PRIVATE FUNCTION ROOMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD AND BEVERAGE OPERATION - TO PROVIDE MEMBERS AND THEIR GUESTS WITH AN OPPORTUNITY FOR DINING AND SOCIALIZING.
MEMBERS' ROOM RENTALS - ROOM RENTALS AVAILABLE FOR MEMBERS OR THEIR GUESTS, TOTAL ONE-NIGHT CHARGES FOR THE YEAR.
OTHER SOCIAL CLUB AMENITIES INCLUDING BARBER SHOP, PARKING LOT AND ATHLETIC FACILITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elisabeth N Galligan Vice President | OfficerTrustee | 1 | $0 |
Peter H Gross President | Trustee | 1 | $0 |
Theodore G Trafton Treasurer | OfficerTrustee | 1 | $0 |
Robert G Flanders Jr Secretary | OfficerTrustee | 1 | $0 |
Tony Allison Governor | Trustee | 1 | $0 |
Leeds Mitchell IV Governor | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,500 |
| Total Program Service Revenue | $1,487,675 |
| Investment income | $1,204 |
| 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 | $89,307 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,709,886 |
| 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 | $0 |
| Pension plan accruals and contributions | $31,865 |
| Other employee benefits | $85,257 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,661 |
| Advertising and promotion | $0 |
| Office expenses | $87,216 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $323,373 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $193,682 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $244,207 |
| Insurance | $31,840 |
| All other expenses | $6,910 |
| Total functional expenses | $1,798,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,334 |
| Savings and temporary cash investments | $185,718 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $273,837 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $69,463 |
| Prepaid expenses and deferred charges | $23,495 |
| Net Land, buildings, and equipment | $5,831,414 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,516,261 |
| Accounts payable and accrued expenses | $332,330 |
| Grants payable | $0 |
| Deferred revenue | $134,430 |
| 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 | $4,007,747 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,474,507 |
| Unrestricted restricted net Assets | $2,041,754 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $2,041,754 |