The Philadelphia Club
- Assets
- $3.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Philadelphia, PA
- Founding
- 07/1941
- Data as of
- 06/2021
- EIN
- 23-0969200
Organization Overview
The Philadelphia Club is located in Philadelphia, PA. The organization was established in 1941. 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 06/2021, Philadelphia Club employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2021, Philadelphia Club generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $972.4k during the year ending 06/2021. While expenses have increased by 3.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CLUB FOR SOCIAL ENJOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Tarcelli Club Manager | Officer | 40 | $137,533 |
Charles L Hillis Jr Treasurer | OfficerTrustee | 1 | $0 |
Harry S Cherken Jr President | OfficerTrustee | 1 | $0 |
Stephen W Holt Secretary | OfficerTrustee | 1 | $0 |
Mark D Lupke Vice President | OfficerTrustee | 1 | $0 |
Kenneth D Mitchell Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $375,775 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $454,575 |
| Total Program Service Revenue | $804,141 |
| Investment income | $163,706 |
| 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 | -$260,234 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,176,785 |
| 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. | $155,950 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,110 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $112,332 |
| Payroll taxes | $14,772 |
| 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 | $99,133 |
| Advertising and promotion | $0 |
| Office expenses | $68,870 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,887 |
| 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 | $50,027 |
| Insurance | $58,786 |
| All other expenses | $0 |
| Total functional expenses | $972,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,454 |
| Savings and temporary cash investments | $695,113 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $173,695 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,070 |
| Prepaid expenses and deferred charges | $74,476 |
| Net Land, buildings, and equipment | $1,205,390 |
| Investments—publicly traded securities | $956,373 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,218,571 |
| Accounts payable and accrued expenses | $33,593 |
| Grants payable | $0 |
| Deferred revenue | $101,891 |
| 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 | $139,800 |
| Total liabilities | $275,284 |
| Net assets without donor restrictions | $1,786,776 |
| Net assets with donor restrictions | $1,156,511 |
| 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 | $3,218,571 |
Endowment Analysis
| Beg. Balance | $3,906,107 |
| Earnings | $1,054,796 |
| Other Expense | $160,233 |
| Ending Balance | $4,800,670 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Gamma Fraternity Columbus, OH | $24,648,581 | $44,041,794 |
Kappa Kappa Gamma Fraternity Inc Dublin, OH | $6,485,391 | $48,587,416 |
The Union League Of Philadelphia Philadelphia, PA | $166,421,963 | $49,124,019 |
New York Athletic Club New York, NY | $79,824,386 | $36,957,466 |
Congressional Country Club Inc Bethesda, MD | $78,316,209 | $29,100,314 |
University Club New York, NY | $61,571,312 | $30,883,399 |
Chevy Chase Club Inc Chevy Chase, MD | $66,940,188 | $32,070,138 |
Baltusrol Golf Club Springfield, NJ | $73,541,672 | $26,510,520 |
Winged Foot Golf Club Inc Mamaroneck, NY | $47,661,307 | $23,506,154 |
Woodmont Country Club Rockville, MD | $56,166,542 | $22,075,767 |
New York Yacht Club New York, NY | $54,553,348 | $22,663,268 |
Baltimore Country Club Of Baltimore City Baltimore, MD | $35,586,521 | $23,737,459 |