Knickerbocker Club Inc
- Assets
- $13.1m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 81
- Location
- New York, NY
- Founding
- 07/1942
- Data as of
- 12/2022
- EIN
- 13-0923655
Organization Overview
Knickerbocker Club Inc is located in New York, NY. The organization was established in 1942. 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 12/2022, Knickerbocker Club Inc employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knickerbocker 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, Knickerbocker Club Inc generated $8.9m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $8.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN AND CONDUCT A CLUB FOR THE PLEASURE AND RECREATION OF 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 |
|---|---|---|---|
Theodore O Rogers Jr President | OfficerTrustee | 3 | $0 |
Michael G Douglas Vice President | OfficerTrustee | 3 | $0 |
Kenneth G Bartels Treasurer | OfficerTrustee | 3 | $0 |
Russell P Pennoyer Secretary | OfficerTrustee | 3 | $0 |
Justin Abelow Board Of Governor | Trustee | 3 | $0 |
Mortimer Berkowitz III Board Of Governor | 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 | $120,214 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,214 |
| Total Program Service Revenue | $4,194,275 |
| Investment income | $117,804 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,200 |
| Net Gain/Loss on Asset Sales | $909,023 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,587,028 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,929,544 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $992,419 |
| 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. | $619,146 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,850,048 |
| Pension plan accruals and contributions | $232,703 |
| Other employee benefits | $712,539 |
| Payroll taxes | $309,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,455 |
| Fees for services: Accounting | $45,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,210 |
| Advertising and promotion | $0 |
| Office expenses | $316,601 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $545,799 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $146,305 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $146,447 |
| Insurance | $201,067 |
| All other expenses | $94,739 |
| Total functional expenses | $8,330,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $740,026 |
| Savings and temporary cash investments | $124,392 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $916,074 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $797,802 |
| Prepaid expenses and deferred charges | $336,687 |
| Net Land, buildings, and equipment | $1,468,750 |
| Investments—publicly traded securities | $3,398,643 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,344,146 |
| Total assets | $13,126,520 |
| Accounts payable and accrued expenses | $987,383 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,020,787 |
| Total liabilities | $6,008,170 |
| Net assets without donor restrictions | $6,983,059 |
| Net assets with donor restrictions | $135,291 |
| 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 | $13,126,520 |