Town & County Club Inc
- Assets
- $2.1m
- Revenue
- $788.4k
- Investments
- $0.0
- Employees
- 51
- Location
- Hartford, CT
- Founding
- 12/1938
- Data as of
- 03/2022
- EIN
- 06-0565260
Organization Overview
Town & County Club Inc is located in Hartford, CT. The organization was established in 1938. 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 03/2022, Town & County Club Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Town & County Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2022, Town & County Club Inc generated $788.4k 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 (5.9%) each year. All expenses for the organization totaled $961.8k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) 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
TO CREATE AND MAINTAIN FOR ITS MEMBERS AN ENVIRONMENT WHICH FOSTERS CULTURAL, INTELLECTUAL, AND SOCIAL DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL ACTIVITIES FOR MEMBERS OF THE ORGANIZATION INCLUDING FOOD AND BEVERAGE OPERATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George W Arnold Jr General Menager | 55 | $109,585 | |
Deborah Denno Treasurer | OfficerTrustee | 6 | $0 |
Bea Stockwell Recording Secretary | OfficerTrustee | 2 | $0 |
Susan Barnes President | OfficerTrustee | 7 | $0 |
Lisa Scalise Vice President, Personnel | OfficerTrustee | 6 | $0 |
Eva Schilling Vice President, Operations | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $143,860 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,393 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,253 |
| Total Program Service Revenue | $655,818 |
| Investment income | $11,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $84,372 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$117,574 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $788,404 |
| 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. | $94,462 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $168,995 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,560 |
| Payroll taxes | $27,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,020 |
| Fees for services: Accounting | $29,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,845 |
| Fees for services: Other | $26,063 |
| Advertising and promotion | $3,844 |
| Office expenses | $14,752 |
| Information technology | $20,668 |
| Royalties | $0 |
| Occupancy | $187,072 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,483 |
| Insurance | $45,132 |
| All other expenses | $43,680 |
| Total functional expenses | $961,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,951 |
| Savings and temporary cash investments | $113,372 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130,277 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,566 |
| Prepaid expenses and deferred charges | $37,353 |
| Net Land, buildings, and equipment | $1,188,900 |
| Investments—publicly traded securities | $267,135 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $277,140 |
| Total assets | $2,094,694 |
| Accounts payable and accrued expenses | $75,185 |
| Grants payable | $0 |
| Deferred revenue | $64,850 |
| 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 | $140,035 |
| Net assets without donor restrictions | $1,954,337 |
| Net assets with donor restrictions | $322 |
| 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 | $2,094,694 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Athletic Club New York, NY | $79,824,386 | $36,957,466 |
University Club New York, NY | $61,571,312 | $30,883,399 |
Country Club Chestnut Hill, MA | $75,043,157 | $30,549,304 |
Winged Foot Golf Club Inc Mamaroneck, NY | $47,661,307 | $23,506,154 |
New York Yacht Club New York, NY | $54,553,348 | $22,663,268 |
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Wee Burn Country Club Inc Darien, CT | $32,519,463 | $16,725,850 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
Greenwich Country Club Greenwich, CT | $48,407,804 | $23,136,592 |
Harvard Club Of New York City New York, NY | $57,363,784 | $14,784,742 |