Manursing Island Club Inc
- Assets
- $9.2m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 219
- Location
- Rye, NY
- Founding
- 02/1943
- Data as of
- 12/2021
- EIN
- 13-1719395
Organization Overview
Manursing Island Club Inc is located in Rye, NY. The organization was established in 1943. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Manursing Island Club Inc employed 219 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manursing Island 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 12/2021, Manursing Island Club Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $6.0m during the year ending 12/2021. While expenses have increased by 1.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE FOR WHICH THE CLUB WAS FORMED IS TO MAINTAIN FACILITIES FOR DAY CAMP, BEACH AND POOL, AND TO MAINTAIN A RESTAURANT WHICH PROVIDES SOCIAL AND DINING ACTIVITIES FOR THE USE AND ENJOYMENT 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 |
|---|---|---|---|
Thomas W Cherniavsky General Manager | Officer | 40 | $332,655 |
John Krall Chef | 40 | $254,772 | |
Dana Leichtweis F&b Manager | 40 | $135,344 | |
Barry Mogavero Controller | 40 | $118,689 | |
Katherine Johnston President | OfficerTrustee | 3 | $0 |
Andrea Sullivan Vice President | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Newfound Tennis Llc Tennis Services | 12/30/15 | $368,068 |
Lyb Productions Llc Temp Staffing | 12/30/15 | $107,644 |
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 | $3,344,950 |
| Investment income | $2,620 |
| 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 | $3,043,272 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,718,219 |
| 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. | $343,807 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,340,438 |
| Pension plan accruals and contributions | $40,308 |
| Other employee benefits | $161,061 |
| Payroll taxes | $259,412 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,862 |
| Fees for services: Accounting | $20,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $108,034 |
| Advertising and promotion | $0 |
| Office expenses | $79,854 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $503,380 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42,189 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $818,688 |
| Insurance | $381,076 |
| All other expenses | $0 |
| Total functional expenses | $5,979,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,536 |
| Savings and temporary cash investments | $1,905,893 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $317,449 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $69,326 |
| Prepaid expenses and deferred charges | $215,882 |
| Net Land, buildings, and equipment | $6,523,423 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,242,509 |
| Accounts payable and accrued expenses | $363,763 |
| 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 | $254,583 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $618,346 |
| Net assets without donor restrictions | $8,624,163 |
| 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 | $9,242,509 |
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