The Town Club
- Assets
- $7.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 46
- Location
- Portland, OR
- Founding
- 05/1929
- Data as of
- 10/2023
- EIN
- 93-0298400
Organization Overview
The Town Club is located in Portland, OR. The organization was established in 1929. 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 10/2023, Town Club employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Town Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, Town Club generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.7m during the year ending 10/2023. While expenses have increased by 5.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE MEMBERSHIP SOCIAL CLUB WHOSE ACTIVITIES ARE SOLELY FOR THE RECREATION, PLEASURE AND OTHER NONPROFITABLE PURPOSES OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE MEMBERSHIP SOCIAL CLUB WHOSE ACTIVITIES ARE SOLELY FOR THE RECREATION, PLEASURE AND OTHER NONPROFITABLE PURPOSES OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs Richard Church President | Officer | $0 | |
Mrs Mark D Fraser 1st Vice Pr | Officer | $0 | |
Ms Ann D Flowerree 2nd Vice Pre | Officer | $0 | |
Mrs Norman D Duffett Treasurer | Officer | $0 | |
Mrs Barbara Kimberley Secretary | Officer | $0 | |
Cindy Norstrom General Mana | Officer | 40 | $98,435 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $40,628 |
| 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 | $40,628 |
| Total Program Service Revenue | $1,596,524 |
| Investment income | $163,459 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,553 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $31,774 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,882,226 |
| 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. | $98,435 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $554,362 |
| Pension plan accruals and contributions | $26,454 |
| Other employee benefits | $132,263 |
| Payroll taxes | $118,447 |
| 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 | $0 |
| Fees for services: Other | $22,317 |
| Advertising and promotion | $0 |
| Office expenses | $43,589 |
| Information technology | $28,919 |
| Royalties | $0 |
| Occupancy | $79,453 |
| 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 | $150,326 |
| Insurance | $79,704 |
| All other expenses | $15,295 |
| Total functional expenses | $1,719,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,720 |
| Savings and temporary cash investments | $530,348 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $124,441 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $39,383 |
| Prepaid expenses and deferred charges | $88,860 |
| Net Land, buildings, and equipment | $2,763,879 |
| Investments—publicly traded securities | $3,570,922 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,352,553 |
| Accounts payable and accrued expenses | $277,411 |
| 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 | $0 |
| Total liabilities | $277,411 |
| Net assets without donor restrictions | $5,321,145 |
| Net assets with donor restrictions | $1,753,997 |
| 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 | $7,352,553 |