Patterson Club Inc
- Assets
- $31.2m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 329
- Location
- Fairfield, CT
- Founding
- 08/1940
- Data as of
- 12/2022
- EIN
- 06-0614953
Organization Overview
Patterson Club Inc is located in Fairfield, CT. The organization was established in 1940. 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 12/2022, Patterson Club Inc employed 329 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Patterson 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 12/2022, Patterson Club Inc generated $12.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $10.1m during the year ending 12/2022. While expenses have increased by 1.0% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE AND PROMOTE SOCIAL, ATHLETIC AND OTHER INTERESTS OF MEMBERS WITHIN THE COUNTRY CLUB ATMOSPHERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Dale President | OfficerTrustee | 5 | $0 |
Bill Cronin Vice President | OfficerTrustee | 5 | $0 |
Joe Hynes Treasurer | OfficerTrustee | 5 | $0 |
Mark Rubino Secretary | OfficerTrustee | 5 | $0 |
Bob Bonafide Director | Trustee | 5 | $0 |
Seena Cushman Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Michael J Giaquinto Maintenance | 12/30/16 | $108,295 |
Slobin Tennis Inc Tennis Pro | 12/30/16 | $359,780 |
Michael Bulger Golf Pro | 12/30/16 | $124,903 |
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 | $8,527,960 |
| Investment income | $31,765 |
| 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 | $3,604,432 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,164,157 |
| 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. | $517,161 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,296,828 |
| Pension plan accruals and contributions | $83,538 |
| Other employee benefits | $202,223 |
| Payroll taxes | $452,818 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,146 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,236 |
| Advertising and promotion | $0 |
| Office expenses | $239,708 |
| Information technology | $114,879 |
| Royalties | $0 |
| Occupancy | $709,643 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,904 |
| Interest | $329,822 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,205,087 |
| Insurance | $197,230 |
| All other expenses | $0 |
| Total functional expenses | $10,148,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,560 |
| Savings and temporary cash investments | $3,418,065 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,546,992 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $151,364 |
| Prepaid expenses and deferred charges | $295,001 |
| Net Land, buildings, and equipment | $21,648,281 |
| Investments—publicly traded securities | $1,846,041 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,245,130 |
| Total assets | $31,154,434 |
| Accounts payable and accrued expenses | $1,102,251 |
| Grants payable | $0 |
| Deferred revenue | $615,285 |
| 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 | $7,179,514 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,299,709 |
| Total liabilities | $10,196,759 |
| Net assets without donor restrictions | $20,957,675 |
| 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 | $31,154,434 |