Regency Whist Club Inc
- Assets
- $1.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 24
- Location
- New York, NY
- Founding
- 12/1937
- Data as of
- 06/2021
- EIN
- 13-1207390
Organization Overview
Regency Whist Club Inc is located in New York, NY. The organization was established in 1937. 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 06/2021, Regency Whist Club Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regency Whist 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 06/2021, Regency Whist Club Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) 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
PROMOTE SOCIAL & LITERARY CONTACTS BETWEEN MEN & WOMEN AND PROMOTE THE PRACTICE AND DEVELOPMENT OF THE GAME OF CONTRACT BRIDGE.
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 |
|---|---|---|---|
Ronald J Cosgro Jr General Manager | Officer | 50 | $157,308 |
Patrick O'donnell Executive Chef | 50 | $118,148 | |
Sharon Phillips President | OfficerTrustee | 5 | $0 |
Trish Klestadt Secretary | OfficerTrustee | 1 | $0 |
Fabrice Lecomte Vice President | OfficerTrustee | 1 | $0 |
John Calicchio Treasurer | OfficerTrustee | 1 | $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 | $1,017,718 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $95,718 |
| 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 | $54,432 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,305,363 |
| 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. | $172,847 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $301,511 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $146,133 |
| Payroll taxes | $69,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,275 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,987 |
| Advertising and promotion | $0 |
| Office expenses | $21,763 |
| Information technology | $10,088 |
| Royalties | $0 |
| Occupancy | $255,294 |
| 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 | $86,398 |
| Insurance | $72,921 |
| All other expenses | $22,718 |
| Total functional expenses | $1,361,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $260,684 |
| Savings and temporary cash investments | $74,258 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $644,434 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,350 |
| Prepaid expenses and deferred charges | $78,457 |
| Net Land, buildings, and equipment | $395,005 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,484,188 |
| Accounts payable and accrued expenses | $187,256 |
| Grants payable | $0 |
| Deferred revenue | $858,539 |
| 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 | $46,357 |
| Total liabilities | $1,092,152 |
| Net assets without donor restrictions | $392,036 |
| 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 | $1,484,188 |
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