New York Athletic Club
- Assets
- $84.5m
- Revenue
- $67.4m
- Investments
- $0.0
- Employees
- 583
- Location
- New York, NY
- Founding
- 11/1934
- Data as of
- 08/2023
- EIN
- 13-1096640
Organization Overview
New York Athletic 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 08/2023, New York Athletic Club employed 583 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Athletic Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2023, New York Athletic Club generated $67.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $62.0m during the year ending 08/2023. While expenses have increased by 0.8% per year over the past 8 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.
Since 2015, New York Athletic Club has awarded 17 individual grants totaling $250,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AMATEUR SPORTS, EXERCISE & ATHLETICS OF EVERY KIND & ENCOURAGE PHYSICAL FITNESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEW YORK ATHLETIC CLUB (THE "CLUB") IS A MEMBER OWNED PRIVATENOT-FOR-PROFIT CLUB ORGANIZED IN 1868. THE PURPOSE OF THE CLUB ISTO PROMOTE AMATEUR SPORTS, EXERCISE AND ATHLETICS OF EVERY KINDAND TO ENCOURAGE PHYSICAL FITNESS. THE CLUB IS FUNDED PRIMARILYTHROUGH DUES, FEES AND CHARGES TO THE MEMBERSHIP FOR USE OF THEFACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Duggan President | OfficerTrustee | 4 | $0 |
Edward A Smith Vice President | OfficerTrustee | 4 | $0 |
Jane Kelsey Treasurer | OfficerTrustee | 4 | $0 |
Michael T Greason Secretary | OfficerTrustee | 4 | $0 |
Cindy Spera Captain | OfficerTrustee | 4 | $0 |
Thor O'connell Governor | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Venable Llp Legal Services | 8/30/23 | $348,819 |
Rippa Tennis Inc Tennis Pro | 8/30/23 | $523,395 |
Top Flight Music Llc Live Musician | 8/30/23 | $183,020 |
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 | $330,215 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $330,215 |
| Total Program Service Revenue | $30,494,157 |
| Investment income | $463,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $555,914 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $33,027,117 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,391,144 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| Grants and other assistance to domestic individuals. | $392,990 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $805,452 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,687,261 |
| Pension plan accruals and contributions | $1,132,909 |
| Other employee benefits | $5,244,180 |
| Payroll taxes | $2,620,819 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $440,317 |
| Fees for services: Accounting | $131,998 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $274,330 |
| Office expenses | $855,834 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,504,212 |
| Travel | $344,819 |
| 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 | $5,300,239 |
| Insurance | $1,766,461 |
| All other expenses | $5,818,788 |
| Total functional expenses | $62,042,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,798,040 |
| Savings and temporary cash investments | $19,069,284 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,003,342 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $914,052 |
| Prepaid expenses and deferred charges | $2,542,424 |
| Net Land, buildings, and equipment | $43,170,185 |
| Investments—publicly traded securities | $7,970,497 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $84,467,824 |
| Accounts payable and accrued expenses | $6,434,003 |
| 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 | $2,139,346 |
| Total liabilities | $8,573,349 |
| Net assets without donor restrictions | $75,894,475 |
| 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 | $84,467,824 |
Grants Awarded
Over the last fiscal year, New York Athletic Club has awarded $28,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL FOOTBALL FOUNDATION PURPOSE: SPONSORSHIP | $18,000 |
AL OERTER FOUNDATION PURPOSE: SPONSORSHIP | $10,000 |