Courtland Club Inc
- Assets
- $176.7k
- Revenue
- $391.8k
- Investments
- $0.0
- Employees
- 23
- Location
- Providence, RI
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 81-1154768
Organization Overview
Courtland Club Inc is located in Providence, RI. The organization was established in 2016. 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 12/2023, Courtland Club Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Courtland Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Courtland Club Inc generated $391.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 46.5% each year . All expenses for the organization totaled $407.3k during the year ending 12/2023. While expenses have increased by 37.0% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL CLUB AND PROMOTION OF THE ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS ONE PRIMARY FOCUS TO PROVIDE A SOCIAL CONNECTION FOR THE ARTS WITHIN AND AMONG THE CITY OF PROVIDENCE. THE ORGANIZATION IS ASSISTING OTHER ORGANIZATIONS THROUGH SOCIAL MEDIA COMMUNICATIONS TO FOSTER EVENTS FOR VARIOUS NON-PROFIT ORGANIZATIONS. THE ORGANIZATION MAINTAINS A DONATION ASPECT OF ITS MENU FOR CONTRIBUTIONS THAT ARE GIVEN TO OTHER NON-PROFIT ORGANIZATIONS IN RHODE ISLAND. ORGANIZATIONS SPONSORED BT COURTLAND CLUB INCLUDE AMOS HOUSE, APRI, AMOR, WE SHARE HOPE, RI FOOD BANK, YOUTH IN ACTION, HOPE SCHOLARS GNOME SURF, GENESSIS CENTER, HIGHER GROUND INTERNATIONAL, ECON RI NEWS AMONG OTHER ORGANIZATIONS.
THE MEMBERS OF COURTLAND CLUB CONTRIBUTED ARTWORK TO THE ORGANIZATION WHICH COURTLAND CLUB DONATED TO THE NEW URBAN ARTS FOUNDATION AND AS220 WHICH IS AN ARTS AND MUSIC NON PROFIT. THE ORGANIZATION MAINTAINS A SUNDAY JAZZ EVENT OPEN TO EXISTING AND NEW ARTISTS AND PARTICIPATED IN THE NEWPORT JAZZ FESTIVAL EVENT. THE ORGANIZATION HAS DONE PHOTOBOMB EVENTS WHERE LOCAL PHOTOGRAPHERS CAN SHOWCASE THEIR WORK TO AUDIENCES THROUGH PROJECTION EQUIPMENT.
THE ORGANIZATION HAS ORGANIZED ITS MEMBERS INTO VOLUNTEER GROUPS FOR SERVICES PROVIDED THE NEWPORT JAZZ FESTIVAL AND VARIOUS NEIGHBORHOOD CLEANUP PROGRAMS SUCH. AS LITTER FREE RI. THE ORGANIZATION HAS AND WILL CONTINUE TO SHOWCASE THE ARTWORK OF LOCAL ARTISTS AND SPONSER THE LOCAL ART COMMUNITY THROUGH WINE TASTING AND OTHER EVENTS. THE ORGINATION ALSO PROVIDES A PERFORMANCE VENUE FOR LOCAL MUSICIANS WEEKLY. LOCAL MUSICIANS WILL RECEIVE A STIPEND FROM THE OPRGANAZION TO HELP IN THEIR CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Shechtman President | Officer | 20 | $0 |
Jeffrey Rutko Vice President | Officer | 1 | $0 |
Richard Abbruzzesse Secretary | Officer | 1 | $0 |
Matthew Shechtman Treasurer | Officer | 1 | $0 |
Jason Shechtman Director | Trustee | 1 | $0 |
Jeffrey Rutko Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $23,408 |
| 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 | $23,408 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $368,385 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $391,793 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $203,866 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $37,318 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,828 |
| Office expenses | $110 |
| Information technology | $3,061 |
| Royalties | $0 |
| Occupancy | $18,884 |
| 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 | $7,633 |
| Insurance | $26,363 |
| All other expenses | $70,847 |
| Total functional expenses | $407,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,513 |
| Savings and temporary cash investments | $0 |
| 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 | $2,703 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $163,460 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $176,676 |
| Accounts payable and accrued expenses | $11,409 |
| 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 | $58,304 |
| Total liabilities | $69,713 |
| Net assets without donor restrictions | $106,963 |
| 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 | $176,676 |