Commonwealth Club
- Assets
- $9.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Warren, MI
- Founding
- 07/1992
- Data as of
- 12/2023
- EIN
- 38-2172654
Organization Overview
Commonwealth Club is located in Warren, MI. The organization was established in 1992. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonwealth Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Commonwealth Club generated $28.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $25.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (16.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE COMMONWEALTH CLUB IS A BRITISH-AMERICAN SOCIAL AND NETWORKING CLUB, FOUNDED IN 1962 AS A GATHERING PLACE FOR BRITISH EXPATRIATES LIVING IN THE METRO DETROIT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Monley President | 5 | $0 | |
Darrin York Treasurer | 5 | $0 | |
Wendy Breinig Secretary | 5 | $0 | |
Alan Thompson Director | 0 | $0 | |
John Jacobs Director | 5 | $0 | |
Lynne Farrar Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,420 |
| Total Program Service Revenue | $22,181 |
| Membership dues | $4,906 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $28,537 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,575 |
| Occupancy, rent, utilities, and maintenance | $3,453 |
| Printing, publications, postage, and shipping | $934 |
| Other expenses | $17,529 |
| Total expenses | $25,491 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,207 |
| Other assets | $0 |
| Total assets | $9,807 |
| Total liabilities | $18,496 |
| Net assets or fund balances | -$8,689 |