University Club Of Grand Rapids
- Assets
- $1.5m
- Revenue
- $815.0k
- Investments
- $0.0
- Employees
- 68
- Location
- Grand Rapids, MI
- Founding
- 08/1942
- Data as of
- 12/2021
- EIN
- 38-1122930
Organization Overview
University Club Of Grand Rapids is located in Grand Rapids, MI. 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 12/2021, University Club Of Grand Rapids employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Club Of Grand Rapids 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, University Club Of Grand Rapids generated $815.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $932.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL, ATHLETIC, AND DINING CLUB FOR THE EXCLUSIVE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY CLUB IS A PREMIER PRIVATE SOCIAL CLUB GIVING MEMBERS THE OPPORTUNITY TO ENJOY BUSINESS LUNCHES, IMPROVE THEIR HEALTH BY EXERCISE, AND TO NETWORK WITH OTHER PROFESSIONALS. THE UNIVERSITY CLUB IS COMMITTED TO DEVELOP A CONGENIAL ATMOSPHERE AND A SPIRIT OF GOOD FELLOWSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindi Poll Until 930 General Manager | Officer | 48 | $67,500 |
Mark Canak General Manager | Officer | 48 | $36,442 |
Larry Oberst Treasurer | OfficerTrustee | 0.13 | $0 |
Peter Albertini Vice President | OfficerTrustee | 0.5 | $0 |
Thomson Pantlind President | OfficerTrustee | 0.1 | $0 |
James S Brady Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,000 |
| 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 | $20,000 |
| Total Program Service Revenue | $490,404 |
| Investment income | $871 |
| 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 | $303,751 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $815,026 |
| 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. | $103,942 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $247,228 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,344 |
| Payroll taxes | $44,081 |
| 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 | $24,666 |
| Advertising and promotion | $3,327 |
| Office expenses | $17,643 |
| Information technology | $15,682 |
| Royalties | $0 |
| Occupancy | $231,373 |
| 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 | $88,369 |
| Insurance | $10,261 |
| All other expenses | $56,465 |
| Total functional expenses | $932,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,606 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $157,374 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $45,429 |
| Prepaid expenses and deferred charges | $19,853 |
| Net Land, buildings, and equipment | $1,004,291 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,462,553 |
| Accounts payable and accrued expenses | $119,437 |
| Grants payable | $0 |
| Deferred revenue | $55,208 |
| 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 | $145,294 |
| Other liabilities | $4,706 |
| Total liabilities | $324,645 |
| 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 | $1,137,908 |
| Total liabilities and net assets/fund balances | $1,462,553 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Club Of Grand Rapids has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
The Right Place Inc Grand Rapids, MI PURPOSE: ECONOMIC ASSISTANCE | $20,000 |
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 |
Zeta Tau Alpha Fraternity Carmel, IN | $13,572,932 | $39,083,661 |
Detroit Athletic Club Detroit, MI | $61,110,304 | $32,494,117 |
Delta Zeta National Housing Corporation Oxford, OH | $87,996,446 | $22,719,151 |
Delta Zeta Nat'l Housing Co (group Return) Oxford, OH | $23,862,160 | $20,580,612 |
Alpha Chi Omega Fraternity Inc Indianapolis, IN | $29,119,055 | $16,507,869 |
Scioto Country Club Inc Columbus, OH | $33,295,673 | $14,482,821 |
Kenwood Country Club Cincinnati, OH | $26,605,503 | $12,714,296 |
Alpha Chi Omega National Housing Corporation Indianapolis, IN | $68,106,791 | $16,027,721 |
Cincinnati Country Club Cincinnati, OH | $22,932,487 | $13,648,995 |
Delta Zeta Sorority Oxford, OH | $10,465,922 | $11,682,546 |