Athlestan Club
- Assets
- $1.0m
- Revenue
- $979.4k
- Investments
- $0.0
- Employees
- 19
- Location
- Mobile, AL
- Founding
- 07/1973
- Data as of
- 10/2020
- EIN
- 63-0011810
Organization Overview
Athlestan Club is located in Mobile, AL. The organization was established in 1973. 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 10/2020, Athlestan Club employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Athlestan Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2020, Athlestan Club generated $979.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.1m during the year ending 10/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOOD, BEVERAGE AND HEALTH CLUB SERVICES TO THE MEMBERS OF THE SOCIAL CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD, BEVERAGE AND HEALTH CLUB SERVICES TO MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Potts President | Officer | $0 | |
Thomas B Van Antwerp Board Member | Officer | $0 | |
John T Arendall III Board Member | Officer | $0 | |
Chad B Slaton Board Member | Officer | $0 | |
Steve Ladas Secretary | Officer | $0 | |
Allan Gustin Jr Board Member | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $18 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,152 |
| 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 | $113,394 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $979,434 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $515,252 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,163 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,093 |
| 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 | $7,032 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,950 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,851 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $123,182 |
| Insurance | $29,376 |
| All other expenses | $0 |
| Total functional expenses | $1,062,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,065 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $137,837 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,410 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,436 |
| Other assets | $3,639 |
| Total assets | $1,005,152 |
| Accounts payable and accrued expenses | $22,878 |
| 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 | $1,087,052 |
| Other liabilities | $0 |
| Total liabilities | $1,109,930 |
| Net assets without donor restrictions | $0 |
| 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 | $585,399 |
| Total liabilities and net assets/fund balances | -$104,778 |
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