Commerce Club Inc 44th Floor
- Assets
- $5.2m
- Revenue
- $522.0
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 06/1961
- Data as of
- 12/2021
- EIN
- 58-0830190
Organization Overview
Commerce Club Inc 44th Floor is located in Atlanta, GA. The organization was established in 1961. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Commerce Club Inc 44th Floor 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, Commerce Club Inc 44th Floor generated $522.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (59.4%) each year. All expenses for the organization totaled $3.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (52.3%) per year over the past 7 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
OPERATION OF DINING ROOM FACILITIES IN DOWNTOWN ATLANTA FOR THE BENEFIT OF THE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES RELATED TO THE OPERATION OF DINING ROOM FACILITIES IN DOWNTOWN ATLANTA FOR THE BENEFIT OF MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey K Haidet Secretary | OfficerTrustee | 1 | $0 |
Gregory Kelly Treasurer | OfficerTrustee | 1 | $0 |
Claire Lewis Arnold Director | Trustee | 1 | $0 |
Edward Bastian Director | Trustee | 1 | $0 |
Frank Bisignano Director | Trustee | 1 | $0 |
Juanita P Baranco 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 | $0 |
| Investment income | $522 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $522 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,300 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,219,907 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,219,907 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $5,219,907 |
| Net assets with donor restrictions | $0 |
| 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 | $5,219,907 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Commerce Club Inc 44th Floor has recieved totaling $40.
| Awarding Organization | Amount |
|---|---|
National Foundation For The Ctrs For Disease Contr & Prevention Inc Atlanta, GA PURPOSE: Holiday Fund | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sea Pines Country Club Inc Hilton Head Island, SC | $17,466,961 | $9,158,172 |
Imperial Golf Club Inc Naples, FL | $26,468,604 | $8,493,887 |
Atlanta Country Club Inc Marietta, GA | $25,768,489 | $8,068,669 |
Athens Country Club Inc Athens, GA | $21,763,288 | $8,069,383 |
Eastpointe Country Club Inc Palm Beach Gardens, FL | $15,333,372 | $10,673,389 |
Boca Pointe Country Club Inc Boca Raton, FL | $4,094,706 | -$8,050,117 |
San Jose Country Club Jacksonville, FL | $14,259,199 | $9,955,247 |
Shoal Creek Shoal Creek, AL | $12,950,565 | $9,210,708 |
Cherokee Country Club Knoxville, TN | $33,935,565 | $11,523,295 |
Chattanooga Golf And Country Club Chattanooga, TN | $23,843,931 | $15,215,377 |
Biltmore Forest Country Club Inc Asheville, NC | $27,543,871 | $8,724,256 |
St Ives Country Club Incorporated Duluth, GA | $14,181,586 | $10,696,895 |