Albany Country Club
- Assets
- $7.0m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 153
- Location
- Voorheesville, NY
- Founding
- 12/1965
- Data as of
- 12/2023
- EIN
- 14-0461630
Organization Overview
Albany Country Club is located in Voorheesville, NY. The organization was established in 1965. 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, Albany Country Club employed 153 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albany Country Club 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, Albany Country Club generated $3.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $3.5m during the year ending 12/2023. While expenses have increased by 2.0% 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
SOCIAL / ATHLETIC COUNTRY CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ESTABLISH AND MAINTAIN THE HOUSE AND GROUNDS IN THE COUNTY OF ALBANY FOR SOCIAL AND ATHLETIC PURPOSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Levy Governor | Trustee | 1 | $0 |
Jeffrey Bryant Governor | Trustee | 1 | $0 |
Trevor Morison Governor | Trustee | 1 | $0 |
Mark Fleck Governor | Trustee | 1 | $0 |
David Suozzo Vice President | OfficerTrustee | 1 | $0 |
Terence Seery Governor | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,362,822 |
| 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 | $2,362,822 |
| Total Program Service Revenue | $986,272 |
| Investment income | $24,241 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,600 |
| Net Gain/Loss on Asset Sales | $20,271 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $40,591 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,449,797 |
| 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. | $176,502 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $861,296 |
| Pension plan accruals and contributions | $33,392 |
| Other employee benefits | $217,149 |
| Payroll taxes | $391,519 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $638 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,684 |
| Fees for services: Other | $19,936 |
| Advertising and promotion | $23,672 |
| Office expenses | $28,000 |
| Information technology | $81,622 |
| Royalties | $0 |
| Occupancy | $298,280 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $108,925 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $399,379 |
| Insurance | $100,093 |
| All other expenses | $204,706 |
| Total functional expenses | $3,543,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $512,903 |
| Savings and temporary cash investments | $924,208 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $210,908 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $173,470 |
| Prepaid expenses and deferred charges | $82,428 |
| Net Land, buildings, and equipment | $4,412,446 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,643 |
| Other assets | $675,871 |
| Total assets | $6,994,877 |
| Accounts payable and accrued expenses | $300,773 |
| Grants payable | $0 |
| Deferred revenue | $1,166,084 |
| 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 | $2,741,343 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $612,420 |
| Total liabilities | $4,820,620 |
| Net assets without donor restrictions | $2,174,257 |
| 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 | $6,994,877 |