The Stanwich Club Incorporated
- Assets
- $33.1m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 242
- Location
- Greenwich, CT
- Founding
- 06/1965
- Data as of
- 10/2021
- EIN
- 06-0790586
Organization Overview
The Stanwich Club Incorporated is located in Greenwich, CT. The organization was established in 1965. 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 10/2021, Stanwich Club Incorporated employed 242 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stanwich Club Incorporated is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2021, Stanwich Club Incorporated generated $12.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $12.1m during the year ending 10/2021. While expenses have increased by 2.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A CLUB FOR THE PLEASURE AND RECREATION INCLUDING DEVELOPMENT, ENCOURAGEMENT, AND ENJOYMENT OF GOLF AND OTHER SPORTS FOR THE PROMOTION OF SOCIAL ACTIVITIES.
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 |
|---|---|---|---|
Guy D'ambrosio General Manager/coo | Officer | 50 | $372,594 |
Michael Summa Director Of Golf | 50 | $320,775 | |
Scott Niven Property Manager | Officer | 50 | $312,980 |
Max Lepivert Director Of Racquets | 50 | $312,577 | |
Richard King Executive Chef | 50 | $209,140 | |
Josette Firriolo Controller | 50 | $154,983 |
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 | $8,465,271 |
| Investment income | $39,328 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,000 |
| 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 | $2,923,178 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,033,633 |
| 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. | $798,681 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,044,169 |
| Pension plan accruals and contributions | $65,296 |
| Other employee benefits | $350,260 |
| Payroll taxes | $513,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,669 |
| Fees for services: Accounting | $26,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,893 |
| Advertising and promotion | $0 |
| Office expenses | $196,734 |
| Information technology | $63,094 |
| Royalties | $0 |
| Occupancy | $821,613 |
| Travel | $13,153 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,062 |
| Interest | $171,998 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,145,093 |
| Insurance | $185,312 |
| All other expenses | $329,410 |
| Total functional expenses | $12,121,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,680 |
| Savings and temporary cash investments | $3,839,260 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $891,745 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $143,141 |
| Prepaid expenses and deferred charges | $266,262 |
| Net Land, buildings, and equipment | $27,969,289 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,116,377 |
| Accounts payable and accrued expenses | $1,505,094 |
| 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 | $9,840,998 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $341,855 |
| Total liabilities | $11,687,947 |
| Net assets without donor restrictions | $21,428,430 |
| 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 | $33,116,377 |
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 |