University Club Of Boston
- Assets
- $34.2m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 88
- Location
- Boston, MA
- Founding
- 07/1934
- Data as of
- 12/2021
- EIN
- 04-1926770
Organization Overview
University Club Of Boston is located in Boston, MA. The organization was established in 1934. 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 12/2021, University Club Of Boston employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Club Of Boston is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, University Club Of Boston generated $7.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $6.7m during the year ending 12/2021. While expenses have increased by 2.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR CLUB OFFERS A WARM AND INVITING ATMOSPHERE TO ITS MEMBERS, FAMILIES, AND GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christian Spahr Squash Director | 55 | $266,738 | |
Neal Vohr General Manager | Officer | 55 | $265,742 |
Paul Dutton Finance Director | 55 | $136,297 | |
Kelly Healy Fitness And Aquatics Director | 55 | $125,359 | |
Gilbert Gallotto Assistant Fitness Director | 55 | $122,307 | |
Jason Banusiewicz Executive Chef | 55 | $122,033 |
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 | $4,899,721 |
| Investment income | $55,846 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $488,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,035,812 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,340,957 |
| 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. | $303,115 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,347,764 |
| Pension plan accruals and contributions | $87,508 |
| Other employee benefits | $302,313 |
| Payroll taxes | $251,227 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,746 |
| Fees for services: Accounting | $34,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,767 |
| Advertising and promotion | $0 |
| Office expenses | $479,399 |
| Information technology | $105,827 |
| Royalties | $0 |
| Occupancy | $461,914 |
| Travel | $681 |
| 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 | $1,087,219 |
| Insurance | $127,106 |
| All other expenses | $115,039 |
| Total functional expenses | $6,741,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,671 |
| Savings and temporary cash investments | $13,763,196 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $443,580 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $69,490 |
| Prepaid expenses and deferred charges | $123,012 |
| Net Land, buildings, and equipment | $14,115,540 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,565,000 |
| Total assets | $34,166,489 |
| Accounts payable and accrued expenses | $1,373,212 |
| Grants payable | $0 |
| Deferred revenue | $77,853 |
| 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 | $228,302 |
| Total liabilities | $1,679,367 |
| Net assets without donor restrictions | $32,487,122 |
| 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 | $34,166,489 |
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