Hartford Club
- Assets
- $862.5k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 53
- Location
- Hartford, CT
- Founding
- 02/1935
- Data as of
- 08/2023
- EIN
- 06-0383360
Organization Overview
Hartford Club is located in Hartford, CT. The organization was established in 1935. 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 08/2023, Hartford Club employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartford Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2023, Hartford Club generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $1.3m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (14.5%) per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO CULTIVATE AN ACTIVE MEMBERSHIP INTERESTED IN ENJOYING AND PRESERVING THE HISTORIC TRADITION OF THE HARTFORD CLUB AS WELL AS SUPPORTING ITS ROLE AS A VITAL COMPONENT OF THE DOWNTOWN BUSINESS AND SOCIAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Zotter Board Member | Trustee | 2 | $0 |
Joshua Torres Board Member | Trustee | 2 | $0 |
David Maslin Board Member | Trustee | 2 | $0 |
Phillip Kane Board Member | Trustee | 2 | $0 |
Judy Madeux Board Member | Trustee | 2 | $0 |
John Nowobilski Board Member | Trustee | 2 | $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 | $21,180 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,180 |
| Total Program Service Revenue | $388,539 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,615 |
| 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 | $717,395 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,155,729 |
| 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. | $124,245 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $359,566 |
| Pension plan accruals and contributions | $3,500 |
| Other employee benefits | $2,663 |
| Payroll taxes | $44,129 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,561 |
| Fees for services: Accounting | $42,493 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,688 |
| Advertising and promotion | $14,268 |
| Office expenses | $8,379 |
| Information technology | $33,805 |
| Royalties | $0 |
| Occupancy | $268,561 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $82,104 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,349 |
| Insurance | $54,787 |
| All other expenses | $27,902 |
| Total functional expenses | $1,289,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,153 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,294 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,322 |
| Prepaid expenses and deferred charges | $14,333 |
| Net Land, buildings, and equipment | $706,274 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,119 |
| Total assets | $862,495 |
| Accounts payable and accrued expenses | $1,061,182 |
| Grants payable | $0 |
| Deferred revenue | $517,593 |
| 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 | $2,124,398 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,703,173 |
| Net assets without donor restrictions | -$2,840,678 |
| 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 | $862,495 |