University Club -Of Seattle-
- Assets
- $5.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 20
- Location
- Seattle, WA
- Founding
- 11/1934
- Data as of
- 12/2022
- EIN
- 91-0450423
Organization Overview
University Club -Of Seattle- is located in Seattle, WA. The organization was established in 1934. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2022, University Club -Of Seattle- employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Club -Of Seattle- 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, University Club -Of Seattle- generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 5.8% 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
PROVIDE SOCIAL FACILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES FOOD AND BEVERAGE FACILITIES FOR ITS MEMBERS.
THE CLUB ARRANGES OUTINGS AND SPECIAL EVENTS FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Allen President | OfficerTrustee | $0 | |
Kevin Callaghan President El | OfficerTrustee | $0 | |
John Gabbert Secretary | OfficerTrustee | $0 | |
Mikal Thomsen Finance & In | OfficerTrustee | $0 | |
Mike Lee Trustee | Trustee | $0 | |
Bob Flowers Trustee | Trustee | $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 | $92,348 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,348 |
| Total Program Service Revenue | $1,521,892 |
| Investment income | $11,047 |
| 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 | $506,841 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,132,128 |
| 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. | $203,350 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $853,822 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $100,714 |
| Payroll taxes | $53,211 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,860 |
| Fees for services: Other | $1,548 |
| Advertising and promotion | $0 |
| Office expenses | $37,353 |
| Information technology | $48,376 |
| Royalties | $0 |
| Occupancy | $232,645 |
| Travel | $1,679 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,672 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $235,005 |
| Insurance | $73,302 |
| All other expenses | $4,039 |
| Total functional expenses | $2,069,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,231 |
| Savings and temporary cash investments | $10,976 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $398,540 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $209,554 |
| Prepaid expenses and deferred charges | $25,080 |
| Net Land, buildings, and equipment | $4,560,408 |
| Investments—publicly traded securities | $424,700 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,981 |
| Total assets | $5,749,470 |
| Accounts payable and accrued expenses | $85,331 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $246,277 |
| Total liabilities | $331,608 |
| Net assets without donor restrictions | $4,919,614 |
| Net assets with donor restrictions | $498,248 |
| 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 | $5,749,470 |