Village Club
- Assets
- $6.6m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 63
- Location
- Bloomfield Hills, MI
- Founding
- 06/1968
- Data as of
- 04/2022
- EIN
- 38-1869183
Organization Overview
Village Club is located in Bloomfield Hills, MI. The organization was established in 1968. 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 04/2022, Village Club employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village 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, Village Club generated $1.7m 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 (6.9%) each year. All expenses for the organization totaled $1.8m during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES FOR THE ENJOYMENT AND BENEFIT OF THE CLUB MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL ACTIVITIES AND EDUCATIONAL CLASSES WHICH ARE PROVIDED FOR THE ENJOYMENT AND BENEFIT OF THE CLUB MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stan Pena General Manager | 40 | $143,473 | |
Carol Litka President | OfficerTrustee | 10 | $0 |
Deborah-Lee Gollnitz Secretary | OfficerTrustee | 10 | $0 |
Julia Baumhart Vice President | OfficerTrustee | 10 | $0 |
Joan Primo Treasurer | OfficerTrustee | 10 | $0 |
Kenna Kachel Director | Trustee | 10 | $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 | $2,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,425 |
| Total Program Service Revenue | $1,787,514 |
| Investment income | $20,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,439 |
| Net Gain/Loss on Asset Sales | $40,498 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$405,732 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,685,834 |
| 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 | $602,479 |
| Pension plan accruals and contributions | $6,361 |
| Other employee benefits | $53,812 |
| Payroll taxes | $47,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,289 |
| Fees for services: Accounting | $67,687 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,233 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $70,690 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $133,420 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,333 |
| Interest | $37,757 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $227,693 |
| Insurance | $39,990 |
| All other expenses | $142,017 |
| Total functional expenses | $1,766,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $405,290 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $311,595 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $51,996 |
| Prepaid expenses and deferred charges | $116,898 |
| Net Land, buildings, and equipment | $4,133,216 |
| Investments—publicly traded securities | $1,541,888 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,560,883 |
| Accounts payable and accrued expenses | $233,179 |
| Grants payable | $0 |
| Deferred revenue | $306,583 |
| 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 | $981,323 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $675,800 |
| Total liabilities | $2,196,885 |
| Net assets without donor restrictions | $4,363,998 |
| 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 | $6,560,883 |
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