Club Incorporated
- Assets
- $16.1m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 240
- Location
- Birmingham, AL
- Founding
- 05/1953
- Data as of
- 12/2022
- EIN
- 63-0312635
Organization Overview
Club Incorporated is located in Birmingham, AL. The organization was established in 1953. 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 12/2022, Club Incorporated employed 240 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Club Incorporated 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, Club Incorporated generated $8.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $7.8m during the year ending 12/2022. While expenses have increased by 3.6% 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
TO PROVIDE, CONDUCT, MAINTAIN, AND OPERATE SUITABLE AND PROPER CLUB FACILITIES FOR MEMBERS & GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A CITY CLUB THAT SERVES APPROXIMATELY 6,200 MEMBERS AND THEIR GUESTS. THE CLUB'S MAIN PROGRAM SERVICE IS TO PROVIDE EXCELLENT DINING OPTIONS TO OUR MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Stone President | OfficerTrustee | 2 | $0 |
Shirley Salloway Kahn Secretary/treasurer | OfficerTrustee | 2 | $0 |
Lessie Brady Vice President | OfficerTrustee | 2 | $0 |
William A Davis III Trustee | Trustee | 1 | $0 |
Stephen Faust Trustee | Trustee | 1 | $0 |
Fred Mccallum Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sysco Food Services Food Services | 12/30/22 | $1,324,397 |
Evans Meats Food Services | 12/30/22 | $573,519 |
Dunn Construction Construction Services | 12/30/22 | $505,626 |
Gto 1 Llc Temporary Labor | 12/30/22 | $475,919 |
Taylor Linen Services Inc Food Services | 12/30/22 | $333,439 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,955,620 |
| 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 | $4,955,620 |
| Total Program Service Revenue | $0 |
| Investment income | $383 |
| 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 | $3,438,951 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,394,954 |
| 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. | $266,454 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,559,392 |
| Pension plan accruals and contributions | $14,381 |
| Other employee benefits | $371,193 |
| Payroll taxes | $196,695 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,399 |
| Fees for services: Accounting | $50,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $190,862 |
| Advertising and promotion | $5,283 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $602,679 |
| Travel | $2,711 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $372,313 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,301,026 |
| Insurance | $181,028 |
| All other expenses | $874,326 |
| Total functional expenses | $7,812,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,388,969 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $843,134 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $248,472 |
| Prepaid expenses and deferred charges | $54,378 |
| Net Land, buildings, and equipment | $12,471,065 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,685 |
| Total assets | $16,070,703 |
| Accounts payable and accrued expenses | $1,171,331 |
| 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 | $8,154,787 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,326,118 |
| Net assets without donor restrictions | $6,744,585 |
| 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 | $16,070,703 |