Union League Club
- Assets
- $28.9m
- Revenue
- $17.3m
- Investments
- $0.0
- Employees
- 267
- Location
- New York, NY
- Founding
- 06/1940
- Data as of
- 12/2023
- EIN
- 13-1423100
Organization Overview
Union League Club is located in New York, NY. The organization was established in 1940. 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 12/2023, Union League Club employed 267 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Union League Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Union League Club generated $17.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $15.8m during the year ending 12/2023. While expenses have increased by 0.1% per year over the past 9 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 PROVIDE FACILITIES FOR SOCIAL, INTELLECTUAL AND ATHLETIC INTERACTION AMONGST 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 |
|---|---|---|---|
Frank Costa President | OfficerTrustee | 5 | $0 |
J Andrew Ward III Secretary | OfficerTrustee | 3 | $0 |
Mark R Shenkman Treasurer | OfficerTrustee | 3 | $0 |
Glenn P Wittpenn Chair Admissions | Trustee | 3 | $0 |
James E Fitzgerald III Governor | Trustee | 1 | $0 |
Edward Guercio Governor | Trustee | 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 | $6,927,919 |
| Investment income | $99,508 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $141,633 |
| 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 | $10,163,271 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,332,331 |
| 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. | $542,196 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,880,625 |
| Pension plan accruals and contributions | $75,869 |
| Other employee benefits | $1,072,914 |
| Payroll taxes | $824,942 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $84,514 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $164,539 |
| Advertising and promotion | $0 |
| Office expenses | $999,057 |
| Information technology | $76,631 |
| Royalties | $0 |
| Occupancy | $1,793,740 |
| Travel | $1,317 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,713 |
| Interest | $254,517 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,135,718 |
| Insurance | $300,684 |
| All other expenses | $233,576 |
| Total functional expenses | $15,798,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,648,632 |
| Savings and temporary cash investments | $23,670 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,948,575 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $421,067 |
| Prepaid expenses and deferred charges | $677,603 |
| Net Land, buildings, and equipment | $20,226,455 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,946,002 |
| Accounts payable and accrued expenses | $1,339,941 |
| Grants payable | $0 |
| Deferred revenue | $4,617,441 |
| 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 | $5,636,676 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,273,009 |
| Total liabilities | $12,867,067 |
| Net assets without donor restrictions | $16,078,935 |
| 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 | $28,946,002 |