North Woods Club Inc
- Assets
- $2.3m
- Revenue
- $496.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Albany, NY
- Founding
- 04/1952
- Data as of
- 10/2023
- EIN
- 14-0934615
Organization Overview
North Woods Club Inc is located in Albany, NY. The organization was established in 1952. According to its NTEE Classification (C36) the organization is classified as: Forest Conservation, under the broad grouping of Environment and related organizations. As of 10/2023, North Woods Club Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Woods 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 10/2023, North Woods Club Inc generated $496.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $403.4k during the year ending 10/2023. While expenses have increased by 3.3% 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
THE NORTH WOODS CLUB'S MISSION IS THE PRESERVATION AND CONSERVATION OF AN APPROXIMATE 5,000 ACRE FISHING, HUNTING AND RECREATION PRESERVE IN THE ADIRONDACK MOUNTAINS, INCLUDING ITS WOODS, WATERS, FISH, GAME AND OTHER NATURAL RESOURCES, AND THE PRESERVATION OF THE NORTH WOODS CLUB'S SOCIAL, RECREATIONAL, HISTORICAL AND OTHER TRADITIONS. AS PART OF ITS RESPONSIBILITIES THE CLUB MAINTAINS ROADS, BRIDGES AND OTHER INFRASTRUCTURES LOCATED IN THE PRESERVE FOR THE BENEFIT OF ITS MEMBERS, THEIR FAMILIES AND GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN ITS PROPERTY AS A FISHING, HUNTING AND RECREATION PRESERVE FOR THE BENEFIT OF ITS MEMBERS, THEIR FAMILIES AND GUESTS, AND FOR THE CONSERVATION OF WILDLIFE AND FORESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Brune President Pa | OfficerTrustee | 4 | $0 |
James Fosburgh Vice Pres. P | OfficerTrustee | 1 | $0 |
Richard Lilleston Treasurer Pa | OfficerTrustee | 4 | $0 |
Jason Longo Secretary Pa | OfficerTrustee | 1 | $0 |
Caroline M Welsh Trustee Part | Trustee | 1 | $0 |
Frederick Volp Trustee Part | Trustee | 1 | $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 | $5,365 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,365 |
| Total Program Service Revenue | $345,469 |
| Investment income | $48,014 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $97,849 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $496,697 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $125,409 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,016 |
| Payroll taxes | $16,091 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $375 |
| Fees for services: Accounting | $10,800 |
| 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 | $44,471 |
| 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 | $27,079 |
| Insurance | $29,585 |
| All other expenses | $37,942 |
| Total functional expenses | $403,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,234 |
| Savings and temporary cash investments | $262,139 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,887 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,769 |
| Prepaid expenses and deferred charges | $6,224 |
| Net Land, buildings, and equipment | $230,442 |
| Investments—publicly traded securities | $1,716,647 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,250 |
| Total assets | $2,262,592 |
| Accounts payable and accrued expenses | $25,978 |
| 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 | $143,271 |
| Total liabilities | $169,249 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $51,100 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,042,243 |
| Total liabilities and net assets/fund balances | $2,262,592 |