Town Club
- Assets
- $4.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 142
- Location
- Milwaukee, WI
- Founding
- 06/1942
- Data as of
- 12/2022
- 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 12/2022, Town Club employed 142 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 12/2022, Town Club generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 0.5% per year over the past 8 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
2022
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Savage President | OfficerTrustee | 2 | $0 |
Peter T Klug Vice President | OfficerTrustee | 2 | $0 |
Mitchell Cox Secretary/treasurer | OfficerTrustee | 2 | $0 |
Amy Afsari Director | Trustee | 1 | $0 |
Tim Burke Director | Trustee | 1 | $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 | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,536,546 |
| Investment income | $7,932 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,820 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$292,323 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,308,223 |
| 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. | $107,758 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $624,754 |
| Pension plan accruals and contributions | $22,678 |
| Other employee benefits | $96,406 |
| Payroll taxes | $71,549 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,700 |
| Fees for services: Accounting | $116,859 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57 |
| Fees for services: Other | $49,298 |
| Advertising and promotion | $0 |
| Office expenses | $81,490 |
| Information technology | $47,008 |
| Royalties | $0 |
| Occupancy | $617,398 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,072 |
| Interest | $24,121 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $200,166 |
| Insurance | $0 |
| All other expenses | $6,879 |
| Total functional expenses | $2,358,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $502 |
| Savings and temporary cash investments | $90,969 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $769,966 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $77,793 |
| Prepaid expenses and deferred charges | $50,870 |
| Net Land, buildings, and equipment | $3,040,733 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $180,467 |
| Total assets | $4,211,300 |
| Accounts payable and accrued expenses | $247,618 |
| Grants payable | $0 |
| Deferred revenue | $553,676 |
| 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 | $530,600 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $296,143 |
| Total liabilities | $1,628,037 |
| Net assets without donor restrictions | $2,524,312 |
| Net assets with donor restrictions | $58,951 |
| 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 | $4,211,300 |