Town Club Inc
- Assets
- $783.3k
- Revenue
- $484.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Salt Lake City, UT
- Founding
- 01/1973
- Data as of
- 10/2020
- EIN
- 87-0184750
Organization Overview
Town Club Inc is located in Salt Lake City, UT. 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, Town Club Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Town Club Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 10/2020, Town Club Inc generated $484.9k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $499.9k 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 SUITABLE ACCOMMODATIONS FOR DINING AND SOCIAL ACTIVITIES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ITS MEMBERS WITH SUITABLE ACCOMODATIONS FOR DINING AND VARIOUS SOCIAL ACTIVITIES THROUGHOUT THE YEAR
TO PROVIDE ITS MEMBERS WITH SUITABLE ACCOMODATIONS FOR DINING AND VARIOUS SOCIAL ACTIVITIES THROUGHOUT THE YEAR
TO PROVIDE ITS MEMBERS WITH SUITABLE ACCOMODATIONS FOR DINING AND VARIOUS SOCIAL ACTIVITIES THROUGHOUT THE YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Therese Stangl Treasurer | OfficerTrustee | 3 | $0 |
Kathleen Fuhriman Finance Chair | OfficerTrustee | 3 | $0 |
Janet Warburton President | OfficerTrustee | 3 | $0 |
Becky Duberow Asst. Treasurer | Trustee | 3 | $0 |
Jennifer Malherbe Communications | Trustee | 3 | $0 |
Leslie Stone Secretary | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $4,176 |
| 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 | $484,937 |
| 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. | $21,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,557 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,513 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,689 |
| Fees for services: Other | $13,603 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,592 |
| Travel | $2 |
| 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 | $30,300 |
| Insurance | $19,955 |
| All other expenses | $0 |
| Total functional expenses | $499,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,434 |
| Savings and temporary cash investments | $125,903 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,227 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,000 |
| Prepaid expenses and deferred charges | $6,950 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $783,305 |
| 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 | $12,659 |
| Total liabilities | $12,659 |
| 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 |
| Total liabilities and net assets/fund balances | $770,646 |
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