Shenorock Shore Club Inc
- Assets
- $21.4m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 311
- Location
- Rye, NY
- Founding
- 04/1952
- Data as of
- 12/2023
- EIN
- 13-1731140
Organization Overview
Shenorock Shore Club Inc is located in Rye, NY. The organization was established in 1952. 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, Shenorock Shore Club Inc employed 311 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shenorock Shore 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, Shenorock Shore Club Inc generated $10.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $8.9m during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 8 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 ENCOURAGE SOCIAL RECREATION AS A BEACH CLUB AND TO MAINTAIN A CLUBHOUSE, WHICH PROVIDES DINING AND SOCIAL ACTIVITIES FOR THE MEMBERSHIP.
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 |
|---|---|---|---|
Leigh Giroux President | OfficerTrustee | 3 | $0 |
Jon Rogers Treasurer/building & Grounds | OfficerTrustee | 3 | $0 |
Frank Gadleta Secretary | OfficerTrustee | 3 | $0 |
Kelley Biondi Governor - Youth Activities | Trustee | 3 | $0 |
Michael Brooks Governor - Yachting | Trustee | 3 | $0 |
John Cronin Governor - Entertainment | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dilorenzo Builders Llc Construction Services | 12/30/23 | $2,486,122 |
Jjj Internationaljitjatjo Staffing Firm | 12/30/23 | $105,293 |
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 | $6,123,816 |
| Investment income | $141,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,300 |
| 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 | $4,120,378 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,422,205 |
| 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. | $623,367 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,764,124 |
| Pension plan accruals and contributions | $101,306 |
| Other employee benefits | $430,711 |
| Payroll taxes | $435,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,696 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $208,222 |
| Advertising and promotion | $946 |
| Office expenses | $187,916 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $831,825 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,826 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $317,200 |
| All other expenses | $84,698 |
| Total functional expenses | $8,871,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,772,706 |
| Savings and temporary cash investments | $929,573 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,940,636 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $109,780 |
| Prepaid expenses and deferred charges | $455,165 |
| Net Land, buildings, and equipment | $14,179,284 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,387,144 |
| Accounts payable and accrued expenses | $595,628 |
| Grants payable | $0 |
| Deferred revenue | $1,279,509 |
| 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 | $1,875,137 |
| Net assets without donor restrictions | $19,512,007 |
| 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 | $21,387,144 |