Colony Club
- Assets
- $19.7m
- Revenue
- $17.5m
- Investments
- $0.0
- Employees
- 136
- Location
- New York, NY
- Founding
- 09/1934
- Data as of
- 03/2023
- EIN
- 13-0590080
Organization Overview
Colony Club is located in New York, NY. The organization was established in 1934. 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 03/2023, Colony Club employed 136 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colony Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2023, Colony Club generated $17.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $17.2m during the year ending 03/2023. While expenses have increased by 0.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE AS A PRIVATE SOCIAL CLUB ORGANIZED FOR THE MEMBERS SOCIAL PLEASURES.
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 |
|---|---|---|---|
Catherine Stanton President | OfficerTrustee | 3 | $0 |
Ellen Cromack First Vice President | OfficerTrustee | 3 | $0 |
Mayme Hackett Second Vice President | OfficerTrustee | 3 | $0 |
Jane Murphy Treasurer | OfficerTrustee | 3 | $0 |
Suzanne Liebolt Secretary | OfficerTrustee | 3 | $0 |
Jeanne Borthwick Governor | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Global Prestige & Co Llc Provides Banquet Servers | 3/30/23 | $126,385 |
Cirgenski & Company Ltd Provides Owners Rep Services | 3/30/23 | $109,966 |
Langan Engineering Services | 3/30/23 | $110,735 |
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 | $10,758,723 |
| Investment income | $211,260 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $452,796 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,952,018 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,490,710 |
| 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. | $571,924 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,702,830 |
| Pension plan accruals and contributions | $515,671 |
| Other employee benefits | $2,249,211 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,968 |
| Fees for services: Accounting | $39,036 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $98,274 |
| Fees for services: Other | $577,099 |
| Advertising and promotion | $1,090,831 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,112,991 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,614 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $358,600 |
| All other expenses | $537,393 |
| Total functional expenses | $17,173,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,250,267 |
| Savings and temporary cash investments | $3,274,859 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $533,236 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $191,884 |
| Prepaid expenses and deferred charges | $383,799 |
| Net Land, buildings, and equipment | $805,001 |
| Investments—publicly traded securities | $7,968,255 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,280,334 |
| Total assets | $19,687,635 |
| Accounts payable and accrued expenses | $1,703,412 |
| Grants payable | $0 |
| Deferred revenue | $277,679 |
| 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 | $160,673 |
| Total liabilities | $2,141,764 |
| Net assets without donor restrictions | $17,408,597 |
| Net assets with donor restrictions | $137,274 |
| 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 | $19,687,635 |