Lenox Club
- Assets
- $1.1m
- Revenue
- $463.7k
- Investments
- $0.0
- Employees
- 11
- Location
- Lenox, MA
- Founding
- 10/1993
- Data as of
- 03/2021
- EIN
- 04-1536030
Organization Overview
Lenox Club is located in Lenox, MA. The organization was established in 1993. 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 03/2021, Lenox Club employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lenox Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2021, Lenox Club generated $463.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $339.9k during the year ending 03/2021. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB'S MISSION IS TO OFFER MEMBERS A HAVEN THAT FOSTERS SOCIAL, CULTURAL, INTELLECTUAL AND ATHLETIC INTERESTS AND ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SOCIAL CLUB FACILITIES FOR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheldon Goldberg President | Officer | 2 | $0 |
Ronald Shaw Treasurer | Officer | 5 | $0 |
Ellen Hand Vice President | Officer | 1 | $0 |
Robert Horvath Secretary | Officer | 1 | $0 |
Lynn Edelstein Director | Trustee | 1 | $0 |
Eric Haythorne Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,000 |
| Investment income | $145 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $175,959 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $463,739 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,729 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,658 |
| Fees for services: Management | $1,673 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $667 |
| Office expenses | $4,524 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,879 |
| 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 | $65,035 |
| Insurance | $22,938 |
| All other expenses | $0 |
| Total functional expenses | $339,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,283 |
| Savings and temporary cash investments | $23,129 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,463 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,660 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,099,237 |
| Accounts payable and accrued expenses | $16,253 |
| Grants payable | $0 |
| Deferred revenue | $191,690 |
| 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 | $44,768 |
| Total liabilities | $252,711 |
| 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 | $846,526 |
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