Mill River Club Inc
- Assets
- $11.7m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 126
- Location
- Oyster Bay, NY
- Founding
- 11/1966
- Data as of
- 12/2021
- EIN
- 11-2028458
Organization Overview
Mill River Club Inc is located in Oyster Bay, NY. The organization was established in 1966. 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 12/2021, Mill River Club Inc employed 126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mill River 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 12/2021, Mill River Club Inc generated $8.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $7.9m during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 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
A FAMILY FRIENDLY PRIVATE SOCIAL CLUB WELCOMING MEMBERS OF EVERY ETHNIC AND RELIGIOUS BACKGROUND.
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 |
|---|---|---|---|
Steven Sweet Greens Superintendent | Officer | 40 | $270,226 |
Donald Mollitor General Manager | Officer | 40 | $231,081 |
Rares Ispas Tennis Professional | 40 | $220,970 | |
Jason Caron Golf Professional | 40 | $205,385 | |
Thomas Schaudel Executive Chef | 40 | $175,000 | |
Ralph Marinaccio President | OfficerTrustee | 8 | $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 | $4,774,660 |
| Investment income | $3,886 |
| 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 | $2,986,540 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,340,769 |
| 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. | $543,176 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,306,468 |
| Pension plan accruals and contributions | $39,780 |
| Other employee benefits | $323,971 |
| Payroll taxes | $439,330 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,743 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,572 |
| Advertising and promotion | $0 |
| Office expenses | $105,109 |
| Information technology | $14,264 |
| Royalties | $0 |
| Occupancy | $479,928 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $263,347 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $916,786 |
| Insurance | $178,862 |
| All other expenses | $138,499 |
| Total functional expenses | $7,905,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $707,488 |
| Savings and temporary cash investments | $1,326,543 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,104,977 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $81,918 |
| Prepaid expenses and deferred charges | $195,579 |
| Net Land, buildings, and equipment | $8,314,362 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,730,867 |
| Accounts payable and accrued expenses | $633,318 |
| Grants payable | $0 |
| Deferred revenue | $980,819 |
| 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 | $5,308,608 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $704,371 |
| Total liabilities | $7,627,116 |
| Net assets without donor restrictions | $0 |
| 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 | $1,816,264 |
| Retained earnings, endowment, accumulated income, or other funds | $2,287,487 |
| Total liabilities and net assets/fund balances | $11,730,867 |
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|---|---|---|
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