Niagara Falls Country Club is located in Lewiston, NY. The organization was established in 1942. 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 04/2022, Niagara Falls Country Club employed 179 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Niagara Falls 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 04/2022, Niagara Falls Country Club generated $5.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $4.3m during the year ending 04/2022. While expenses have increased by 5.3% per year over the past 7 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
OPERATE ATHLETIC AND SOCIAL FACILITIES FOR THE BENEFIT OF CLUB MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUBS OPERATIONS OF RECREATIONAL AND DINING FACILITIES FOR MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Timothy Engel General Mgr/ceo | 40 | $107,710 | |
John Rizzotto Secretary | OfficerTrustee | 4 | $0 |
Phillip Alterio 2nd Vice Pres | OfficerTrustee | 4 | $0 |
David Dibacco President | OfficerTrustee | 4 | $0 |
Ronald Soluri Jr Treasurer | OfficerTrustee | 4 | $0 |
Dena Armstrong 1st Vice Pres | OfficerTrustee | 4 | $0 |
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 | $2,869,716 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $5,544 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $133,392 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $1,361,598 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,253,268 |
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. | $129,730 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,072,242 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $83,786 |
Payroll taxes | $286,462 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
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 | $370,949 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $133,937 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $350,963 |
Insurance | $120,586 |
All other expenses | $132,350 |
Total functional expenses | $4,319,871 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,817,156 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $270,551 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $190,574 |
Prepaid expenses and deferred charges | $141,730 |
Net Land, buildings, and equipment | $4,257,696 |
Investments—publicly traded securities | $0 |
Investments—other securities | $154,350 |
Investments—program-related | $0 |
Intangible assets | $85,234 |
Other assets | $660,763 |
Total assets | $7,578,054 |
Accounts payable and accrued expenses | $268,019 |
Grants payable | $0 |
Deferred revenue | $1,713,895 |
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 | $2,389,788 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $339,787 |
Total liabilities | $4,711,489 |
Net assets without donor restrictions | $2,866,565 |
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 | $7,578,054 |
Organization Name | Assets | Revenue |
---|---|---|
Canoe Brook Country Club Summit, NJ | $49,012,793 | $22,669,304 |
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Wee Burn Country Club Inc Darien, CT | $32,519,463 | $16,725,850 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |
Rolling Rock Club Ligonier, PA | $40,965,761 | $18,300,601 |
Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
The Ridgewood Country Club Paramus, NJ | $31,275,344 | $17,956,980 |
Montclair Golf Club Montclair, NJ | $32,931,083 | $17,687,834 |
Greenwich Country Club Greenwich, CT | $48,407,804 | $23,136,592 |