Manursing Island Club Inc
- Assets
- $10.2m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 283
- Location
- Rye, NY
- Founding
- 02/1943
- Data as of
- 12/2023
- 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 12/2023, Manursing Island Club Inc employed 283 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 12/2023, Manursing Island Club Inc generated $8.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $8.2m during the year ending 12/2023. While expenses have increased by 5.0% 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
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 |
|---|---|---|---|
Elizabeth Gallagher President | OfficerTrustee | 3 | $0 |
Jennifer Sfreddo Vice President/ F&b | OfficerTrustee | 3 | $0 |
Jonathan Mohraz Treasurer/ Finance | OfficerTrustee | 3 | $0 |
Rae Ann Murphy Secretary/ Membership | OfficerTrustee | 3 | $0 |
Gabriela Hricko Angelich Entertainment | Trustee | 3 | $0 |
Russell Viault Beach And Pool | Trustee | 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 | $4,342,943 |
| Investment income | $50,804 |
| 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 | $4,364,491 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,758,238 |
| 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. | $714,477 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,814,793 |
| Pension plan accruals and contributions | $79,905 |
| Other employee benefits | $223,091 |
| Payroll taxes | $317,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,698 |
| Fees for services: Accounting | $26,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $180,675 |
| Advertising and promotion | $0 |
| Office expenses | $117,069 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $515,780 |
| 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 | $859,993 |
| Insurance | $334,036 |
| All other expenses | $8,110 |
| Total functional expenses | $8,241,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $459,184 |
| Savings and temporary cash investments | $2,204,757 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $398,352 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $94,125 |
| Prepaid expenses and deferred charges | $180,690 |
| Net Land, buildings, and equipment | $6,858,941 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,196,049 |
| Accounts payable and accrued expenses | $567,066 |
| 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 | $0 |
| Total liabilities | $567,066 |
| Net assets without donor restrictions | $9,628,983 |
| 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 | $10,196,049 |