Fairfield County Hunt Club
- Assets
- $7.6m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 163
- Location
- Westport, CT
- Founding
- 12/1931
- Data as of
- 10/2023
- EIN
- 06-0338460
Organization Overview
Fairfield County Hunt Club is located in Westport, CT. The organization was established in 1931. 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 10/2023, Fairfield County Hunt Club employed 163 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairfield County Hunt Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, Fairfield County Hunt Club generated $8.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $8.1m during the year ending 10/2023. While expenses have increased by 3.0% per year over the past 6 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
TO PROVIDE A CENTER FOR HORSE ACTIVITIES OF ALL KINDS AND TO PROMOTE AND FURNISH FACILITIES FOR SUCH OTHER SPORTS AND SOCIAL ACTIVITIES AS THE MEMBERSHIP MAY DESIRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Jacobs President | OfficerTrustee | 3 | $0 |
Isaac Ro Vice President | OfficerTrustee | 3 | $0 |
Brian Youngs Treasurer | OfficerTrustee | 3 | $0 |
Maria Mulvehill Secretary | OfficerTrustee | 3 | $0 |
Rick Bank Governor | Trustee | 3 | $0 |
Benedicte Berg Governor | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
M Scott Redstone Farrier | 10/30/23 | $190,530 |
Felix Q Garzona Stall Cleaning Service | 10/30/23 | $171,053 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,066,775 |
| Investment income | $28,600 |
| 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 | $5,190,314 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,285,689 |
| 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. | $195,101 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,034,599 |
| Pension plan accruals and contributions | $19,876 |
| Other employee benefits | $642,391 |
| Payroll taxes | $164,281 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $93,223 |
| Fees for services: Accounting | $26,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,045 |
| Advertising and promotion | $0 |
| Office expenses | $178,574 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $312,109 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $184,265 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $490,058 |
| Insurance | $156,518 |
| All other expenses | $0 |
| Total functional expenses | $8,091,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550 |
| Savings and temporary cash investments | $1,519,104 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $570,798 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $75,370 |
| Prepaid expenses and deferred charges | $115,178 |
| Net Land, buildings, and equipment | $5,332,922 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,200 |
| Total assets | $7,625,122 |
| Accounts payable and accrued expenses | $511,099 |
| Grants payable | $0 |
| Deferred revenue | $52,312 |
| 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 | $3,772,716 |
| Other liabilities | $0 |
| Total liabilities | $4,336,127 |
| Net assets without donor restrictions | $3,288,995 |
| 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 | $7,625,122 |