Century Association
- Assets
- $33.0m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 98
- Location
- New York, NY
- Founding
- 07/1978
- Data as of
- 09/2021
- EIN
- 13-0562370
Organization Overview
Century Association is located in New York, NY. The organization was established in 1978. 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 09/2021, Century Association employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Century Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2021, Century Association generated $8.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $6.8m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIVATE CLUB OPERATES AND MAINTAINS A RESTAURANT, BAR, AND HOUSE FOR THE USE AND ENJOYMENT OF ITS MEMBERS AND THEIR GUESTS.
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 |
|---|---|---|---|
Albert Brunner General Manager | Officer | 40 | $325,982 |
Jean C Torres Executive Chef | 40 | $176,303 | |
Guy Smalling Controller | 40 | $157,144 | |
Kimberly Hermann Dir. Of Food And Beverage | 40 | $106,440 | |
Paul F Washington President | OfficerTrustee | 5 | $0 |
Judith Dobrzynski Second Vice President | OfficerTrustee | 5 | $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 | $224,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $224,957 |
| Total Program Service Revenue | $5,997,402 |
| Investment income | $295,303 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $628,023 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $409,862 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,611,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $300,000 |
| 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. | $438,140 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,931,932 |
| Pension plan accruals and contributions | $455,479 |
| Other employee benefits | $767,326 |
| Payroll taxes | $232,192 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,231 |
| Fees for services: Accounting | $93,551 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $79,336 |
| Fees for services: Other | $174,919 |
| Advertising and promotion | $0 |
| Office expenses | $222,685 |
| Information technology | $20,649 |
| Royalties | $0 |
| Occupancy | $623,720 |
| 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 | $623,125 |
| Insurance | $164,100 |
| All other expenses | $86,068 |
| Total functional expenses | $6,828,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,953,780 |
| Savings and temporary cash investments | $737,438 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $306,964 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $168,441 |
| Prepaid expenses and deferred charges | $169,023 |
| Net Land, buildings, and equipment | $12,154,387 |
| Investments—publicly traded securities | $17,549,999 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,040,032 |
| Accounts payable and accrued expenses | $1,029,771 |
| Grants payable | $0 |
| Deferred revenue | $472,456 |
| 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 | $1,442,974 |
| Total liabilities | $2,945,201 |
| Net assets without donor restrictions | $28,722,546 |
| Net assets with donor restrictions | $1,372,285 |
| 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 | $33,040,032 |
Grants Awarded
Over the last fiscal year, Century Association has awarded $75,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL PURPOSE | $75,000 |
New York, NY PURPOSE: GENERAL PURPOSE | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Century Association has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Frank And Domna Stanton Foundation Inc New York, NY PURPOSE: CHARITABLE | $250 |
Endowment Analysis
| Beg. Balance | $1,372,285 |
| Ending Balance | $1,372,285 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canoe Brook Country Club Summit, NJ | $49,012,793 | $22,669,304 |
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
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 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |
Rolling Rock Club Ligonier, PA | $40,965,761 | $18,300,601 |
Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
The Ridgewood Country Club Paramus, NJ | $31,275,344 | $17,956,980 |
Montclair Golf Club Montclair, NJ | $32,931,083 | $17,687,834 |
Greenwich Country Club Greenwich, CT | $48,407,804 | $23,136,592 |