Union Club Of Boston Inc
- Assets
- $3.9m
- Revenue
- $1.9m
- Investments
- $1.1m
- Employees
- 60
- Location
- Boston, MA
- Founding
- 07/1939
- Data as of
- 12/2023
- EIN
- 04-1920190
Organization Overview
Union Club Of Boston Inc is located in Boston, MA. The organization was established in 1939. 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 12/2023, Union Club Of Boston Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Union Club Of Boston Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Union Club Of Boston Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 9 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
SEE STATEMENT AT PART III 4A.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB IS A TRADITIONAL CITY CLUB WHICH PROVIDES THE SALE OF FOOD AND BEVERAGES TO MEMBERS AND THEIR GUESTS VIA PROGRAMS AND EVENTS, A DINING ROOM AND LOUNGE AREA, AND THE SALE OF OVERNIGHT ROOMS TO MEMBERS AND THEIR GUESTS, AND THE CONVENIENCES OF A CLUB HOUSE FOR SOCIAL ENJOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Ann Nassour President | OfficerTrustee | 1 | $0 |
Edward C Fleck Vice President | OfficerTrustee | 1 | $0 |
Marylee Halpin Vice President | OfficerTrustee | 1 | $0 |
Jacek K Grotnik Treasurer | OfficerTrustee | 1 | $0 |
Adam Jared Apt Secretary Until 3/23 | OfficerTrustee | 1 | $0 |
Borislav Kusturic Secretary Eff. 3/23 | 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 | $22,555 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,555 |
| Total Program Service Revenue | $1,897,256 |
| Investment income | $20,655 |
| 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 | -$39,920 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,900,546 |
| 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. | $207,867 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $490,780 |
| Pension plan accruals and contributions | $9,178 |
| Other employee benefits | $48,014 |
| Payroll taxes | $55,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,747 |
| Fees for services: Accounting | $24,708 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,440 |
| Advertising and promotion | $0 |
| Office expenses | $59,617 |
| Information technology | $31,860 |
| Royalties | $0 |
| Occupancy | $272,192 |
| Travel | $11,897 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $57,854 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $264,603 |
| Insurance | $48,289 |
| All other expenses | $65,034 |
| Total functional expenses | $1,860,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $807,487 |
| Savings and temporary cash investments | $204,706 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $375,586 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $96,870 |
| Prepaid expenses and deferred charges | $26,034 |
| Net Land, buildings, and equipment | $1,284,181 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,108,429 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,903,293 |
| Accounts payable and accrued expenses | $427,802 |
| Grants payable | $0 |
| Deferred revenue | $804,512 |
| 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 | $1,347,766 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $70,329 |
| Total liabilities | $2,650,409 |
| Net assets without donor restrictions | $1,072,070 |
| Net assets with donor restrictions | $180,814 |
| 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 | $3,903,293 |