1700 Broadway Club Inc
- Assets
- $382.2k
- Revenue
- $706.0k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 83-2994540
Organization Overview
1700 Broadway Club Inc is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. 1700 Broadway 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 12/2021, 1700 Broadway Club Inc generated $706.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 34.6% each year . All expenses for the organization totaled $729.9k during the year ending 12/2021. While expenses have increased by 28.1% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY AS A SOCIAL AND RECREATION CLUB FOR THE PLEASURE AND RECREATION OF ITS MEMBERS AND OTHER NONPROFIT PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP- MONTHLY MEMBERSHIP TO A PRIVATE SOCIAL AND RECREATION CLUB FOR THE TENANTS OF 1700 BROADWAY, NEW YORK, NY
FOOD & BEVERAGE- LIMITED SERVICE RESTAURANT FOR THE MEMBERS.MEMBER PRIVATE EVENT - CATERING FOOD & BEVERAGES PROVIDED FOR THE PRIVATE EVENTS ALONG WITH A MEETING ROOM FOR BOTH MEMBERS AND THEIR INVITED GUESTS.
FITNESS & PROGRAMS - FITNESS CLUB FOR MEMBER USE ONLY; PROGRAMS OFFERED TO MEMBERS WHICH INCLUDE WEEKLY YOGA
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Spencer Raymond Director | Trustee | 0 | $0 |
James Nicholson Director | Trustee | 1 | $0 |
Ron Hoyl Director | Trustee | 0 | $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 | $705,950 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $705,950 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $150,000 |
| Fees for services: Legal | $2,778 |
| Fees for services: Accounting | $8,195 |
| 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 | $103 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $716 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,773 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,716 |
| Insurance | $10,737 |
| All other expenses | $99,326 |
| Total functional expenses | $729,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,205 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,661 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,530 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,216 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $250,370 |
| Other assets | $200 |
| Total assets | $382,182 |
| Accounts payable and accrued expenses | $53,525 |
| 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 | $649,958 |
| Other liabilities | $145,215 |
| Total liabilities | $848,698 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$466,516 |
| Total liabilities and net assets/fund balances | $382,182 |
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