Fisher Island Club Inc
- Assets
- $27.0m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 109
- Location
- Fishers Island, NY
- Founding
- 08/1942
- Data as of
- 12/2022
- EIN
- 13-5679638
Organization Overview
Fisher Island Club Inc is located in Fishers Island, NY. The organization was established in 1942. 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 12/2022, Fisher Island Club Inc employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fisher 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 12/2022, Fisher Island Club Inc generated $9.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $9.6m during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND MAINTAIN FOR ITS MEMBERS A CLUBHOUSE, GROUNDS AND FACILITIES FOR GOLF.
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 |
|---|---|---|---|
L Peter Lawrence President & Board Member | OfficerTrustee | 3 | $0 |
Leslie R Coleman Vice President & Board Member | OfficerTrustee | 3 | $0 |
George K Conant Secretary & Board Member | OfficerTrustee | 3 | $0 |
Mark G Borden Treasurer & Board Member | OfficerTrustee | 3 | $0 |
Rebecca P Bartels Board Member | Trustee | 3 | $0 |
James M Baker Board Member | 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 | $6,111,458 |
| Investment income | $14,365 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,900 |
| Net Gain/Loss on Asset Sales | $3,250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,591,060 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,727,033 |
| 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. | $824,409 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,262,106 |
| Pension plan accruals and contributions | $123,750 |
| Other employee benefits | $197,173 |
| Payroll taxes | $409,476 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,900 |
| Fees for services: Accounting | $26,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,595 |
| Advertising and promotion | $0 |
| Office expenses | $468,085 |
| Information technology | $13,305 |
| Royalties | $0 |
| Occupancy | $1,003,628 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $186,232 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,686,265 |
| Insurance | $405,141 |
| All other expenses | $0 |
| Total functional expenses | $9,596,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,601 |
| Savings and temporary cash investments | $3,326,168 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,616 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $265,634 |
| Prepaid expenses and deferred charges | $214,501 |
| Net Land, buildings, and equipment | $22,516,401 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $696,769 |
| Total assets | $27,023,690 |
| Accounts payable and accrued expenses | $70,674 |
| 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 | $4,754,216 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $696,769 |
| Total liabilities | $5,521,659 |
| Net assets without donor restrictions | $21,502,031 |
| 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 | $27,023,690 |