Cosmos Club
- Assets
- $26.9m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 161
- Location
- Washington, DC
- Founding
- 03/1932
- Data as of
- 06/2021
- EIN
- 53-0052500
Organization Overview
Cosmos Club is located in Washington, DC. The organization was established in 1932. 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 06/2021, Cosmos Club employed 161 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cosmos Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2021, Cosmos Club generated $8.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $8.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 6 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 CLUB FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES DINING, HOSPITALITY SERVICES, AND OVERNIGHT LODGING FOR ITS MEMBERS AND THEIR GUESTS AS WELL AS FOR MEMBERS IN GOOD STANDING OF CERTAIN CLUBS IN OTHER GEOGRAPHIC LOCATIONS, WHERE RECIPROCAL CONTRACTUAL ARRANGEMENTS HAVE BEEN MADE.
THE CLUB PRODUCES A ROBUST CATALOG OF EDUCATIONAL, SCIENTIFIC, CULTURAL, ARTISTIC, MUSICAL, LITERARY AND OTHER PROGRAMS FOR ITS MEMBERS AND THEIR GUESTS.
THE CLUB OWNS AND MAINTAINS THE HISTORIC TOWNSEND MANSION IN WASHINGTON DC'S DUPONT CIRCLE NEIGHBORHOOD, WITH ITS SURROUNDING GARDENS. AT CERTAIN PRE-ARRANGED TIMES TOURS OF THE PUBLIC AREAS OF THE CLUB ARE GIVEN BY VOLUNTEER DOCENTS WHO ARE MEMBERS OF THE CLUB. THE CLUB MAINTAINS A SIZABLE LIBRARY AND DISPLAYS WORKS OF ART FROM ITS PERMANENT COLLECTION AND IN TEMPORARY EXHIBITS ON A ROTATING BASIS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitchell Platt General Manager | Officer | 40 | $362,524 |
Sandra Mcdowell Assistant Gm | 40 | $168,712 | |
William Rogers Executive Chef | 40 | $150,926 | |
Christopher Buynak Controller | 40 | $143,404 | |
Christopher Line Building Engineer | 40 | $132,001 | |
Paul R Taskier President 2021,vp 2020 | OfficerTrustee | 7 | $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 | $7,113,732 |
| Investment income | $57,673 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$21,615 |
| Net Gain/Loss on Asset Sales | $313,740 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,183,837 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,664,774 |
| 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. | $505,472 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,883,860 |
| Pension plan accruals and contributions | $352,196 |
| Other employee benefits | $1,058,405 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,058 |
| Fees for services: Accounting | $46,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,363 |
| Fees for services: Other | $86,142 |
| Advertising and promotion | $0 |
| Office expenses | $218,194 |
| Information technology | $195,598 |
| Royalties | $0 |
| Occupancy | $752,149 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,249 |
| Interest | $30,716 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $952,132 |
| Insurance | $246,029 |
| All other expenses | $122,663 |
| Total functional expenses | $8,479,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,760,514 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,167,840 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $389,063 |
| Prepaid expenses and deferred charges | $95,128 |
| Net Land, buildings, and equipment | $13,023,355 |
| Investments—publicly traded securities | $6,415,459 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,851,359 |
| Accounts payable and accrued expenses | $972,726 |
| Grants payable | $0 |
| Deferred revenue | $4,138,878 |
| 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 | $0 |
| Other liabilities | $594,769 |
| Total liabilities | $5,706,373 |
| Net assets without donor restrictions | $21,115,179 |
| Net assets with donor restrictions | $29,807 |
| 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 | $26,851,359 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cosmos Club has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
The William And Mildred Kaplan Foundation Inc Baltimore, MD PURPOSE: FOUNDATION DONATION | $500 |
Endowment Analysis
| Beg. Balance | $6,324,706 |
| Earnings | $1,037,762 |
| Admin Expense | -$4,071 |
| Net Contributions | $578,343 |
| Other Expense | $506,178 |
| Ending Balance | $7,438,704 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
Columbia Country Club Chevy Chase, MD | $51,891,404 | $22,067,092 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |
Delta Sigma Theta Sorority Inc Washington, DC | $54,155,945 | $17,762,087 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |
Annapolis Yacht Club Inc Annapolis, MD | $62,193,115 | $12,813,958 |
Westwood Country Club Inc Vienna, VA | $44,254,499 | $15,210,474 |
Metropolitan Club Of The City Of Washington Washington, DC | $31,013,672 | $12,139,757 |
Robert Trent Jones Golf Club Inc Gainesville, VA | $28,235,480 | $11,676,069 |
Hermitage Country Club Inc Manakinsabot, VA | $22,972,475 | $8,736,242 |
International Town-Country Club Inc Fairfax, VA | $30,278,923 | $13,361,224 |
Country Club Of Fairfax Inc Fairfax, VA | $22,137,384 | $10,343,846 |