Field Club Of Greenwich Inc
- Assets
- $24.2m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 175
- Location
- Greenwich, CT
- Founding
- 04/1955
- Data as of
- 12/2023
- EIN
- 06-0342220
Organization Overview
Field Club Of Greenwich Inc is located in Greenwich, CT. The organization was established in 1955. 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 12/2023, Field Club Of Greenwich Inc employed 175 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Field Club Of Greenwich Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Field Club Of Greenwich Inc generated $8.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $7.1m during the year ending 12/2023. While expenses have increased by 4.8% 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 PROCURE AND MAINTAIN A CLUBHOUSE AND SUITABLE GROUNDS FOR THE USE AND ENJOYMENT OF ITS MEMBERS.
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 |
|---|---|---|---|
Christian Nagler President | OfficerTrustee | 3 | $0 |
Matthew Bostock Vice President | OfficerTrustee | 3 | $0 |
Sally Polak Secretary | OfficerTrustee | 3 | $0 |
Randall P Stern Treasurer | OfficerTrustee | 3 | $0 |
Rama Subramaniam Vice Treasurer | OfficerTrustee | 3 | $0 |
Bill Schneider Governor | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vdm Tennis Enterprises Inc Tennis Professional | 12/30/23 | $327,324 |
Squash Edge Inc Squash Professional | 12/30/23 | $247,605 |
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 | $5,815,623 |
| Investment income | $10,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,340 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,591,698 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,510,968 |
| 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. | $246,613 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,751,426 |
| Pension plan accruals and contributions | $39,675 |
| Other employee benefits | $252,607 |
| Payroll taxes | $280,348 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,957 |
| Fees for services: Accounting | $27,241 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,490 |
| Fees for services: Other | $101,147 |
| Advertising and promotion | $0 |
| Office expenses | $559,139 |
| Information technology | $65,688 |
| Royalties | $0 |
| Occupancy | $298,269 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $278,335 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $979,532 |
| Insurance | $163,076 |
| All other expenses | $0 |
| Total functional expenses | $7,056,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $677,174 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,741,447 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $105,728 |
| Prepaid expenses and deferred charges | $89,757 |
| Net Land, buildings, and equipment | $16,824,923 |
| Investments—publicly traded securities | $4,046,961 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $742,630 |
| Total assets | $24,228,620 |
| Accounts payable and accrued expenses | $701,646 |
| 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 | $8,519,884 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,025,012 |
| Total liabilities | $10,246,542 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $15,650 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $13,966,428 |
| Total liabilities and net assets/fund balances | $24,228,620 |