Wolferts Roost Inc
- Assets
- $3.6m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 248
- Location
- Albany, NY
- Founding
- 04/1964
- Data as of
- 12/2021
- EIN
- 14-1187970
Organization Overview
Wolferts Roost Inc is located in Albany, NY. The organization was established in 1964. 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 12/2021, Wolferts Roost Inc employed 248 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wolferts Roost Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Wolferts Roost Inc generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. 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
COUNTRY CLUB - RECREATION & SOCIAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
COUNTRY CLUB - RECREATION & SOCIAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Devoe General Manager | Officer | 40 | $107,937 |
Glenda Johnson Controller | Officer | 40 | $76,161 |
Harry Odabashian Vice President | OfficerTrustee | 2 | $0 |
Chris Culihan President | OfficerTrustee | 2 | $0 |
Michelle Rea Secretary | OfficerTrustee | 2 | $0 |
Pat Mackrell Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $399,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $426,000 |
| Total Program Service Revenue | $2,675,022 |
| Investment income | $0 |
| 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 | $904,375 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,721,404 |
| 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. | $201,724 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,610,612 |
| Pension plan accruals and contributions | $12,857 |
| Other employee benefits | $123,248 |
| Payroll taxes | $228,464 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,585 |
| Advertising and promotion | $13,513 |
| Office expenses | $21,914 |
| Information technology | $24,846 |
| Royalties | $0 |
| Occupancy | $328,282 |
| Travel | $29,753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $115,533 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $344,012 |
| Insurance | $110,698 |
| All other expenses | $157,680 |
| Total functional expenses | $4,007,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $503,498 |
| Savings and temporary cash investments | $7 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $379,819 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $116,623 |
| Prepaid expenses and deferred charges | $50,577 |
| Net Land, buildings, and equipment | $2,535,640 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,586,164 |
| Accounts payable and accrued expenses | $342,963 |
| Grants payable | $0 |
| Deferred revenue | $521,134 |
| 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 | $3,009,183 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,873,280 |
| Net assets without donor restrictions | $0 |
| 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 | -$287,116 |
| Total liabilities and net assets/fund balances | $3,586,164 |
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