Town Club
- Assets
- $4.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 143
- Location
- Milwaukee, WI
- Founding
- 06/1942
- Data as of
- 12/2021
- EIN
- 39-0662000
Organization Overview
Town Club is located in Milwaukee, WI. The organization was established in 1942. 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 12/2021, Town Club employed 143 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Town Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Town Club generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 7 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
THE TOWN CLUB IS A PRIVATE COUNTRY CLUB LOCATED IN FOX POINT, WISCONSIN. THE CLUB PROVIDES FULL SERVICE DINING, SWIM AND TENNIS FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING MEMBERS WITH FACILITIES FOR TENNIS, SWIMMING AND PADDLE TENNIS AS WELL AS A BAR & RESTAURANT FOR SOCIAL RECREATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Dilapo Former Club Manager | Officer | 40 | $161,414 |
Ed Mixdorf Club Manager | Officer | 40 | $12,000 |
Ryan Savage Vice President | OfficerTrustee | 2 | $0 |
Peter T Klug Secretary/treasurer | OfficerTrustee | 2 | $0 |
Dorothy Short President | OfficerTrustee | 2 | $0 |
Grant Burrall Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $135,800 |
| 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 | $135,800 |
| Total Program Service Revenue | $2,497,290 |
| Investment income | $4,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,458 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$241,129 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,449,966 |
| 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. | $234,469 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $723,158 |
| Pension plan accruals and contributions | $40,538 |
| Other employee benefits | $48,411 |
| Payroll taxes | $75,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,630 |
| Fees for services: Accounting | $117,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $81 |
| Fees for services: Other | $34,149 |
| Advertising and promotion | $0 |
| Office expenses | $83,420 |
| Information technology | $26,133 |
| Royalties | $0 |
| Occupancy | $669,768 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,655 |
| Interest | $42,610 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $226,440 |
| Insurance | $0 |
| All other expenses | $10,343 |
| Total functional expenses | $2,638,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $502 |
| Savings and temporary cash investments | $11,235 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $682,077 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $72,093 |
| Prepaid expenses and deferred charges | $38,605 |
| Net Land, buildings, and equipment | $3,237,682 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $277,238 |
| Total assets | $4,319,432 |
| Accounts payable and accrued expenses | $258,145 |
| Grants payable | $0 |
| Deferred revenue | $516,785 |
| 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 | $569,145 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $341,722 |
| Total liabilities | $1,685,797 |
| Net assets without donor restrictions | $2,581,294 |
| Net assets with donor restrictions | $52,341 |
| 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 | $4,319,432 |
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|---|---|---|
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Twin Orchard Country Club Long Grove, IL | $7,888,847 | $8,779,508 |
Briarwood Country Club Deerfield, IL | $16,862,462 | $7,936,936 |
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Milwaukee Country Club River Hills, WI | $13,393,861 | $8,032,632 |
Chicago Club Chicago, IL | $23,297,083 | $6,965,290 |
North Shore Country Club Mequon, WI | $12,385,301 | $7,356,496 |
Woodhill Country Club Wayzata, MN | $12,252,723 | $5,942,697 |
Travis Pointe Country Club Ann Arbor, MI | $3,693,496 | $5,450,943 |
River Forest Country Club Elmhurst, IL | $11,952,693 | $7,876,925 |
Conway Farms Golf Club Inc Lake Forest, IL | $28,236,778 | $8,719,837 |