Tuxedo Club Inc
- Assets
- $21.9m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 198
- Location
- Tuxedo Park, NY
- Founding
- 10/1949
- Data as of
- 04/2023
- EIN
- 14-1129850
Organization Overview
Tuxedo Club Inc is located in Tuxedo Park, NY. The organization was established in 1949. 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 04/2023, Tuxedo Club Inc employed 198 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tuxedo 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 04/2023, Tuxedo Club Inc generated $10.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $10.8m during the year ending 04/2023. While expenses have increased by 4.0% 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 OPERATE A CLUBHOUSE, GOLF COURSE, AND OTHER ACTIVITIES FOR THE PLEASURE AND RECREATION OF ITS MEMBERS AND THEIR GUESTS.
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 |
|---|---|---|---|
Frank Peverly Chairman | OfficerTrustee | 3 | $0 |
Chris Smith Secretary | OfficerTrustee | 3 | $0 |
Joseph Furlong Treasurer | OfficerTrustee | 3 | $0 |
Peter Fazio House Chairman | OfficerTrustee | 3 | $0 |
Chris Beers Board Member | Trustee | 3 | $0 |
Ron Fuerst Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chris Muldoon Golf Shop Llc Golf Pro | 4/29/20 | $557,112 |
Dsde Llc Racquet Pro | 4/29/20 | $292,147 |
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 | $7,962,011 |
| Investment income | $5,298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,211,357 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,470,938 |
| 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. | $558,184 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,365,304 |
| Pension plan accruals and contributions | $49,206 |
| Other employee benefits | $548,375 |
| Payroll taxes | $469,910 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $235,908 |
| Advertising and promotion | $0 |
| Office expenses | $220,445 |
| Information technology | $125,871 |
| Royalties | $0 |
| Occupancy | $967,213 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $94,335 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,207,797 |
| Insurance | $238,723 |
| All other expenses | $0 |
| Total functional expenses | $10,837,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,393 |
| Savings and temporary cash investments | $473,434 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $513,452 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $326,940 |
| Prepaid expenses and deferred charges | $284,877 |
| Net Land, buildings, and equipment | $20,005,222 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $227,049 |
| Total assets | $21,897,367 |
| Accounts payable and accrued expenses | $696,322 |
| 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 | $2,845,278 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,684,549 |
| Total liabilities | $7,226,149 |
| Net assets without donor restrictions | $14,671,218 |
| 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 | $21,897,367 |