Beach Point Club Inc
- Assets
- $5.1m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 267
- Location
- Mamaroneck, NY
- Founding
- 10/1942
- Data as of
- 09/2023
- EIN
- 13-1697222
Organization Overview
Beach Point Club Inc is located in Mamaroneck, 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 09/2023, Beach Point Club Inc employed 267 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beach Point 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 09/2023, Beach Point Club Inc generated $10.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $11.7m during the year ending 09/2023. While expenses have increased by 5.9% per year over the past 7 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 CONTINUE AND ENHANCE ITS TRADITION AS A FAMILY-ORIENTED, PRIVATE MEMBERSHIP CLUB PROVIDING RECREATIONAL ACTIVITIES AND PROGRAMS AMONG 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 |
|---|---|---|---|
Amy Levere President | OfficerTrustee | 3 | $0 |
Marc Ricks Vice President/treasurer | OfficerTrustee | 3 | $0 |
Debbie Bunder Secretary | OfficerTrustee | 3 | $0 |
Andy Greenberg Past President | OfficerTrustee | 3 | $0 |
Robert Hassler Commodore | OfficerTrustee | 3 | $0 |
Amy Chasen 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,371,654 |
| Investment income | $177,821 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $3,761,226 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,310,701 |
| 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. | $325,475 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,146,531 |
| Pension plan accruals and contributions | $97,895 |
| Other employee benefits | $325,397 |
| Payroll taxes | $406,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,921 |
| Fees for services: Accounting | $25,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,670 |
| Advertising and promotion | $7,362 |
| Office expenses | $203,473 |
| Information technology | $57,767 |
| Royalties | $0 |
| Occupancy | $798,998 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,506 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $515,122 |
| All other expenses | $356,605 |
| Total functional expenses | $11,665,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,707 |
| Savings and temporary cash investments | $1,806,827 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $297,511 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $201,631 |
| Prepaid expenses and deferred charges | $190,536 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,347,716 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $194,616 |
| Total assets | $5,060,544 |
| Accounts payable and accrued expenses | $885,016 |
| 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 | $262,619 |
| Total liabilities | $1,147,635 |
| Net assets without donor restrictions | $3,912,909 |
| 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 | $5,060,544 |