The Brown University Faculty- Graduate Student Club is located in Providence, RI. The organization was established in 1984. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2022, Brown University Faculty- Graduate Student Club employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brown University Faculty- Graduate Student Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Brown University Faculty- Graduate Student Club generated $205.3k 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 (7.0%) each year. All expenses for the organization totaled $259.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB EXISTS EXCLUSIVELY FOR SOCIAL, RECREATIONAL AND EDUCATIONAL PURPOSES, THROUGH MAINTENANCE OF A CLUBROOM OR ROOMS FOR ITS MEMBERS; THE ENCOURAGEMENT OF SOCIAL INTERCOURSE AMONG ITS FACULTY AND GRADUATE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB IS GENERALLY OPEN SIX DAYS PER WEEK FROM 5 PM TO MIDNIGHT FOR SOCIAL, EDUCATIONAL AND RECREATIONAL PURPOSES OF ITS MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christopher Harwood President | OfficerTrustee | 0.5 | $0 |
Ivy Brenneman Vice President | OfficerTrustee | 0.75 | $0 |
Ian Randall Treasurer | OfficerTrustee | 0.5 | $0 |
Laura Madigan Secretary | OfficerTrustee | 0.5 | $0 |
Samuel Driver Director | Trustee | 0.25 | $0 |
David Garcia Director | Trustee | 0.25 | $0 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $74,395 |
Investment income | $4,730 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$19,241 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $144,030 |
Miscellaneous Revenue | $0 |
Total Revenue | $205,259 |
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 | $158,456 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $10,548 |
Payroll taxes | $15,121 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,373 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,260 |
Advertising and promotion | $0 |
Office expenses | $3,233 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $4,699 |
Travel | $300 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $323 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,407 |
Insurance | $18,593 |
All other expenses | $6,212 |
Total functional expenses | $259,069 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $6,152 |
Savings and temporary cash investments | $13,203 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $30,646 |
Prepaid expenses and deferred charges | $7,920 |
Net Land, buildings, and equipment | $5,717 |
Investments—publicly traded securities | $113,093 |
Investments—other securities | $74,751 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $251,482 |
Accounts payable and accrued expenses | $5,079 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $5,079 |
Net assets without donor restrictions | $246,403 |
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 | $251,482 |
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