Huntington Crescent Club Inc
- Assets
- $18.4m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 204
- Location
- Huntington, NY
- Founding
- 10/2006
- Data as of
- 12/2022
- EIN
- 11-0899778
Organization Overview
Huntington Crescent Club Inc is located in Huntington, NY. The organization was established in 2006. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Huntington Crescent Club Inc employed 204 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huntington Crescent 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, Huntington Crescent Club Inc generated $9.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $9.5m during the year ending 12/2022. While expenses have increased by 7.0% per year over the past 5 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
A PRIVATE OWNED CLUB. FOR THE PURPOSE OF THE PROMOTION AND CULTIVATION OF SOCIAL ACTIVITIES AND ATHLETIC GAMES AMONG ITS MEMBERS.
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 |
|---|---|---|---|
Terry Walker President | OfficerTrustee | 3 | $0 |
Jose Debellis Vice President | OfficerTrustee | 3 | $0 |
Nanthony Oricoli Treasurer | OfficerTrustee | 3 | $0 |
Bernard London Secretary | OfficerTrustee | 3 | $0 |
Robert Bourke Board Member | Trustee | 3 | $0 |
Brian Campbell Board Member | Trustee | 3 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,411,671 |
| Investment income | $1,034 |
| 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 | $3,224,591 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,637,296 |
| 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. | $657,806 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,509,623 |
| Pension plan accruals and contributions | $12,477 |
| Other employee benefits | $539,942 |
| Payroll taxes | $501,595 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,492 |
| Advertising and promotion | $0 |
| Office expenses | $119,911 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $754,402 |
| Travel | $13,737 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $271,729 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,032,231 |
| Insurance | $259,384 |
| All other expenses | $163,771 |
| Total functional expenses | $9,534,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,117,516 |
| Savings and temporary cash investments | $16,912 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,614,481 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $144,316 |
| Prepaid expenses and deferred charges | $113,406 |
| Net Land, buildings, and equipment | $13,684,995 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $692,473 |
| Total assets | $18,384,099 |
| Accounts payable and accrued expenses | $673,729 |
| Grants payable | $0 |
| Deferred revenue | $1,257,082 |
| 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 | $5,860,579 |
| Total liabilities | $7,791,390 |
| Net assets without donor restrictions | $10,592,709 |
| 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 | $18,384,099 |