Berks County Y R Club
- Assets
- $324.5k
- Revenue
- $839.9k
- Investments
- $0.0
- Employees
- 28
- Location
- Wyomissing, PA
- Founding
- 09/1945
- Data as of
- 06/2023
- EIN
- 23-0404418
Organization Overview
Berks County Y R Club is located in Wyomissing, PA. The organization was established in 1945. 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 06/2023, Berks County Y R Club employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berks County Y R Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2023, Berks County Y R Club generated $839.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $772.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 8 years. 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 PROVIDE FOOD AND BEVERAGE AS WELL AS RECREATION AND LIVE ENTERTAINMENT FOR THE MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPERIOR DINING WITH AN OUTSTANDING SELECTION OF WINE, SPIRITS AND BEVERAGES ALL SERVED IN A PRIVATE, NON-POLITICAL, SOCIAL DINING CLUB SIX DAYS A WEEK WITH A SPECIAL AMBIANCE FOR THE MEMBERS. LIVE ENTERTAINMENT IS ALSO PROVIDED SEVERAL EVENINGS A WEEK.
PROVIDE SUPERIOR DINING WITH AN OUTSTANDING SELECTION OF WINE, SPIRITS AND BEVERAGES ALL SERVED IN A PRIVATE, NON-POLITICAL, SOCIAL DINING CLUB SIX DAYS A WEEK WITH A SPECIAL AMBIANCE FOR THE MEMBERS. LIVE ENTERTAINMENT IS ALSO PROVIDED SEVERAL EVENINGS A WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Bradford White Director | OfficerTrustee | 10 | $0 |
G Nicholas Kuruc Jr President | OfficerTrustee | 15 | $0 |
John V Mahoney Jr Vice Preside | OfficerTrustee | 10 | $0 |
Benjamin Lamanna Treasurer | OfficerTrustee | 4 | $0 |
Frederick Prutzman Director | OfficerTrustee | 2 | $0 |
John G Ruggles Jr Secretary | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $187,590 |
| 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 | $187,590 |
| Total Program Service Revenue | $2,215 |
| 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 | $650,056 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $839,861 |
| 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 | $301,746 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,879 |
| Payroll taxes | $35,972 |
| Fees for services: Management | $96,850 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,487 |
| Advertising and promotion | $4,235 |
| Office expenses | $4,424 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,194 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $278 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,092 |
| Insurance | $10,092 |
| All other expenses | $96,697 |
| Total functional expenses | $772,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,241 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,435 |
| Prepaid expenses and deferred charges | $146 |
| Net Land, buildings, and equipment | $135,944 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $324,516 |
| Accounts payable and accrued expenses | $22,024 |
| Grants payable | $0 |
| Deferred revenue | $104,790 |
| 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 | $18,879 |
| Other liabilities | $0 |
| Total liabilities | $145,693 |
| Net assets without donor restrictions | $178,823 |
| 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 | $324,516 |