Sulgrave Club
- Assets
- $14.0m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 88
- Location
- Washington, DC
- Founding
- 04/1933
- Data as of
- 03/2023
- EIN
- 53-0152390
Organization Overview
Sulgrave Club is located in Washington, DC. The organization was established in 1933. 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 03/2023, Sulgrave Club employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sulgrave Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2023, Sulgrave Club generated $5.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $5.7m during the year ending 03/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MEMBERSHIP ORGANIZATION FOR LITERARY, MUSICAL, ARTISTIC AND PHILANTHROPIC PURPOSES, MUTUAL IMPROVEMENT, AND THE PROMOTION OF SOCIAL INTERACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SOCIAL AND RECREATIONAL ATMOSPHERE FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joann Leigh Zuercher President | OfficerTrustee | 2 | $0 |
Marchal Meenan 1st Vice-President | OfficerTrustee | 2 | $0 |
Anne Rogers 2nd Vice-President | OfficerTrustee | 2 | $0 |
Lisa Eskew Recording Secretary | OfficerTrustee | 2 | $0 |
Laura Dreiband Corresponding Secretary | OfficerTrustee | 2 | $0 |
Emily King Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $664,330 |
| 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 | $664,330 |
| Total Program Service Revenue | $3,816,669 |
| Investment income | $68,896 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,255,493 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,805,388 |
| 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. | $292,611 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,960,672 |
| Pension plan accruals and contributions | $71,437 |
| Other employee benefits | $139,766 |
| Payroll taxes | $242,830 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $214,399 |
| Advertising and promotion | $0 |
| Office expenses | $222,902 |
| Information technology | $104,105 |
| Royalties | $0 |
| Occupancy | $253,189 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,478 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $396,686 |
| Insurance | $148,429 |
| All other expenses | $272,259 |
| Total functional expenses | $5,725,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,788,706 |
| Savings and temporary cash investments | $860,081 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,104,647 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $120,968 |
| Prepaid expenses and deferred charges | $67,395 |
| Net Land, buildings, and equipment | $4,542,282 |
| Investments—publicly traded securities | $3,169,646 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $342,687 |
| Total assets | $13,996,412 |
| Accounts payable and accrued expenses | $377,581 |
| Grants payable | $0 |
| Deferred revenue | $3,466,750 |
| 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 | $365,302 |
| Total liabilities | $4,209,633 |
| Net assets without donor restrictions | $9,612,648 |
| Net assets with donor restrictions | $174,131 |
| 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 | $13,996,412 |