Cannon Dial Elm Club Inc
- Assets
- $6.1m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 65
- Location
- Princeton, NJ
- Founding
- 06/1942
- Data as of
- 06/2024
- EIN
- 21-0439210
Organization Overview
Cannon Dial Elm Club Inc is located in Princeton, NJ. The organization was established in 1942. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 06/2024, Cannon Dial Elm Club Inc employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cannon Dial Elm 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 06/2024, Cannon Dial Elm Club Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $2.0m during the year ending 06/2024. While expenses have increased by 2.2% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE EDUCATION OF ITS STUDENT MEMBERS AND PRESERVE AND EDUCATE THE GENERAL PUBLIC ABOUT THE HISTORICALLY SIGNIFICANT BUILDING OWNED AND OCCUPIED BY THE ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE NUTRITIONAL, EDUCATIONAL AND SCHOLARSHIP SUPPORT TO ITS STUDENT MEMBERS; FACILITATE SOCIAL INTERACTION BETWEEN ITS STUDENT AND ALUMNI MEMBERS; AND PRESERVE AND EDUCATE THE GENERAL PUBLIC ABOUT THE HISTORICALLY SIGNIFICANT BUILDING OWNED AND OCCUPIED BY THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Casey Vice Chairman | OfficerTrustee | 5 | $0 |
Charles Freyer Chairman | OfficerTrustee | 5 | $0 |
Tim Burman Treasurer | OfficerTrustee | 5 | $0 |
Jerry Asher Trustee | Trustee | 1 | $0 |
Bob Eisenstadt Trustee | Trustee | 1 | $0 |
Art Hyland Trustee | 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 | $1,189 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,189 |
| Total Program Service Revenue | $2,233,596 |
| Investment income | $143,920 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $85,515 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,486,746 |
| 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 | $640,373 |
| Pension plan accruals and contributions | $58,758 |
| Other employee benefits | $0 |
| Payroll taxes | $86,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,142 |
| Advertising and promotion | $0 |
| Office expenses | $25,968 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $106,556 |
| 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 | $181,154 |
| Insurance | $61,072 |
| All other expenses | $166,920 |
| Total functional expenses | $2,002,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $641,258 |
| Savings and temporary cash investments | $2,311,201 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,129 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $45,714 |
| Net Land, buildings, and equipment | $3,071,014 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,070,316 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $2,331 |
| 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 | $18,735 |
| Total liabilities | $21,066 |
| Net assets without donor restrictions | $6,049,250 |
| 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 | $6,070,316 |