Club National Inc
- Assets
- $2.1m
- Revenue
- $570.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Nashua, NH
- Founding
- 12/1962
- Data as of
- 06/2022
- EIN
- 02-0170390
Organization Overview
Club National Inc is located in Nashua, NH. The organization was established in 1962. 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 06/2022, Club National Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Club National Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Club National Inc generated $570.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $432.1k during the year ending 06/2022. While expenses have increased by 1.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CLUB NATIONAL IS A PLACE FOR MEMBERS TO SOCIALIZE AND MAKES SUBSTANTIAL CHARITABLE CONTRIBUTIONS TO THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUB NATIONAL PROVIDES A PLACE FOR MEMBERS TO SOCIALIZE AND MAKES SUBSTANTIAL CHARITIABLE CONTRIBUTIONS TO THE NASHUA COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Soucy President | OfficerTrustee | 5 | $2,572 |
Steven Galipeau Treasurer | OfficerTrustee | 5 | $2,572 |
Raymond Leboeuf Financial Secy | OfficerTrustee | 5 | $2,572 |
David Dufoe Director | Trustee | 4 | $2,194 |
Troy Harney Director | Trustee | 4 | $2,194 |
Joseph Lally Recording Secy | OfficerTrustee | 4 | $2,048 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,578 |
| Membership dues | $12,432 |
| 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 | $14,010 |
| Total Program Service Revenue | $0 |
| Investment income | $839 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,228 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $117,828 |
| Net Income from Sales of Inventory | $319,860 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $570,159 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $69,456 |
| 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. | $23,690 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,610 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,105 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,380 |
| 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 | $14,992 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,266 |
| 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 | $41,352 |
| Insurance | $17,398 |
| All other expenses | $3,052 |
| Total functional expenses | $432,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,008 |
| Savings and temporary cash investments | $1,070,210 |
| 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 | $18,862 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $672,527 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,873 |
| Total assets | $2,053,480 |
| Accounts payable and accrued expenses | $36,122 |
| 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 | $36,122 |
| Net assets without donor restrictions | $2,017,358 |
| 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 | $2,053,480 |
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