Town & County Club Inc
- Assets
- $1.8m
- Revenue
- $757.9k
- Investments
- $0.0
- Employees
- 42
- Location
- Hartford, CT
- Founding
- 12/1938
- Data as of
- 03/2023
- 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 03/2023, Town & County Club Inc employed 42 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 03/2023, Town & County Club Inc generated $757.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $946.0k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 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
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 |
|---|---|---|---|
Deborah Denno Audit | Trustee | 1 | $0 |
Janet Castricum Vice President, Personnel | OfficerTrustee | 6 | $0 |
Ellin Smith Membership Development | Trustee | 3 | $0 |
Mary Rossettie Recording Secretary | OfficerTrustee | 2 | $0 |
Sarah Riley President | OfficerTrustee | 7 | $0 |
Maura Keating Treasurer | OfficerTrustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,509 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,509 |
| Total Program Service Revenue | $834,888 |
| Investment income | $8,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$200,962 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $757,943 |
| 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. | $107,368 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $195,352 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,674 |
| Payroll taxes | $24,623 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,861 |
| Fees for services: Accounting | $11,703 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,796 |
| Fees for services: Other | $10,234 |
| Advertising and promotion | $2,726 |
| Office expenses | $15,777 |
| Information technology | $19,013 |
| Royalties | $0 |
| Occupancy | $200,933 |
| 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 | $103,451 |
| Insurance | $44,791 |
| All other expenses | $45,902 |
| Total functional expenses | $946,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,133 |
| Savings and temporary cash investments | $148,204 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $148,425 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,678 |
| Prepaid expenses and deferred charges | $32,831 |
| Net Land, buildings, and equipment | $1,155,991 |
| Investments—publicly traded securities | $127,234 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $146,975 |
| Total assets | $1,833,471 |
| Accounts payable and accrued expenses | $28,567 |
| Grants payable | $0 |
| Deferred revenue | $60,836 |
| 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 | $89,403 |
| Net assets without donor restrictions | $1,742,271 |
| Net assets with donor restrictions | $1,797 |
| 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 | $1,833,471 |