Metropolitan Club Foundation Inc
- Assets
- $3.5m
- Revenue
- $229.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Elmsford, NY
- Founding
- 11/1996
- Data as of
- 12/2021
- EIN
- 13-3871494
Organization Overview
Metropolitan Club Foundation Inc is located in Elmsford, NY. The organization was established in 1996. According to its NTEE Classification (A31) the organization is classified as: Film & Video, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan Club Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Metropolitan Club Foundation Inc generated $229.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $158.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 7 years. 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
TO SUPPORT EDUCATIONAL PROGRAMS FOR CLUB MANAGERS AND ASSISTANT MANAGERS TO FURTHER THE CLUB MANAGEMENT PROFESSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND SCHOLARHSIPS.
FOUNDATION HOSTS THREE WORKSHOPS A YEAR TO PROVIDE EDUCATIONAL PROGRAMS TO FURTHER THE CLUB MANAGEMENT PROFESSION. THESE 6-HOUR WORKSHOPS ARE OPEN TO THE MEMBERSHIP AND GUESTS AND TAUGHT BY LEADING INDUSTRY EXPERTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Kasara Ccm Secretary | OfficerTrustee | 1 | $0 |
Todd Zorn Ccm Treasurer | OfficerTrustee | 1 | $0 |
Randall J Ruder Ccm Cce Vice Chairman | OfficerTrustee | 1 | $0 |
Barry L Chandler Chairman | OfficerTrustee | 1 | $0 |
Colin M Burns Ccm Director | Trustee | 1 | $0 |
Charles D Dorn Ccm Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,700 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,943 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,643 |
| Total Program Service Revenue | $5,220 |
| Investment income | $175,701 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27 |
| Net Income from Fundraising Events | -$2,084 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $229,507 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,000 |
| Grants and other assistance to domestic individuals. | $46,108 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,501 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,064 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,789 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $5,043 |
| All other expenses | $0 |
| Total functional expenses | $158,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $139,273 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,327,444 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,466,717 |
| Accounts payable and accrued expenses | $158,409 |
| Grants payable | $0 |
| Deferred revenue | $93,860 |
| 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 | $252,269 |
| Net assets without donor restrictions | $3,146,104 |
| Net assets with donor restrictions | $68,344 |
| 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 | $3,466,717 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Metropolitan Club Foundation Inc has recieved totaling $900.
| Awarding Organization | Amount |
|---|---|
Argyle Foundation San Antonio, TX PURPOSE: CHARITABLE | $900 |
Endowment Analysis
| Beg. Balance | $68,344 |
| Net Contributions | $11,608 |
| Grants | $11,608 |
| Ending Balance | $68,344 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Film At Lincoln Center Inc New York, NY | $47,336,422 | $12,793,835 |
Women Make Movies Inc New York, NY | $4,051,785 | $9,688,918 |
The Independent Feature Project Inc Brooklyn, NY | $3,453,615 | $7,239,136 |
Jacob Burns Film Center Inc Pleasantville, NY | $56,622,968 | $8,221,632 |
Ghetto Film School Inc Bronx, NY | $4,789,477 | $7,574,668 |
Cinereach Ltd New York, NY | $8,475,346 | -$20,278 |
American Documentary Inc Brooklyn, NY | $4,468,317 | $5,634,331 |
Center For Independent Documentary Inc Newton, MA | $4,612,024 | $5,515,136 |
Film Forum Inc New York, NY | $19,050,321 | $4,468,920 |
Harmony Labs Inc New York, NY | $1,442,508 | $4,578,656 |
Alcohol And Drug Abuse Services Inc Port Allegany, PA | $3,920,999 | $4,354,797 |
Tribeca Film Institute Inc New York, NY | $183,631 | $2,652,875 |