Boston Madison Square Garden Club
- Assets
- $4.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Boston, MA
- Founding
- 03/1936
- Data as of
- 06/2023
- EIN
- 04-1105640
Organization Overview
Boston Madison Square Garden Club is located in Boston, MA. The organization was established in 1936. 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 06/2023, Boston Madison Square Garden Club employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Madison Square Garden Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2023, Boston Madison Square Garden Club generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $690.3k during the year ending 06/2023. While expenses have increased by 3.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, FOSTER, CULTIVATE, ENCOURAGE AND STIMULATE SPORTS GAMES AND ENTERTAINMENT OF EVERY, NATURE, KIND, & DESCRIPTION FOR THE ESTABLISHMENT OF SOCIAL MEETINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TICKETS TO BRUINS, CELTICS, AND SPECIAL EVENTS AT THE GARDEN AND ELSEWHERE TO MEMBERS AND THEIR GUESTS.
HOLD ANNUAL MEETING FOR MEMBERS AND SPOUSES WITH GUEST SPEAKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles E Bathelder Vp- Admissio | OfficerTrustee | 1 | $0 |
Michael C Camuso Board Of Gov | Trustee | 1 | $0 |
Robert Clark Vp- Operatio | OfficerTrustee | 1 | $0 |
Brook Dane Board Of Gov | Trustee | 1 | $0 |
Thomas Dusel Board Of Gov | Trustee | 1 | $0 |
Christopher T Ford President | OfficerTrustee | 1 | $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 | $432,011 |
| Investment income | $68,482 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,362 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $518,020 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,058,875 |
| 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 | $263,470 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,988 |
| Payroll taxes | $20,089 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $77,622 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,957 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $21,488 |
| Information technology | $42,454 |
| Royalties | $0 |
| Occupancy | $68,795 |
| Travel | $18,533 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,558 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,047 |
| All other expenses | $0 |
| Total functional expenses | $690,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $505,260 |
| Savings and temporary cash investments | $354,837 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $132,621 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $208,966 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,230,493 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $95,882 |
| Total assets | $4,528,059 |
| Accounts payable and accrued expenses | $119,686 |
| Grants payable | $0 |
| Deferred revenue | $134,780 |
| 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 | $350,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $607,411 |
| Total liabilities | $1,211,877 |
| Net assets without donor restrictions | $3,316,182 |
| 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 | $4,528,059 |