Siasconset Casino Association
- Assets
- $7.5m
- Revenue
- $2.9m
- Investments
- $176.7k
- Employees
- 26
- Location
- Siasconset, MA
- Founding
- 10/1986
- Data as of
- 10/2022
- EIN
- 04-2273270
Organization Overview
Siasconset Casino Association is located in Siasconset, MA. The organization was established in 1986. 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 10/2022, Siasconset Casino Association employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Siasconset Casino Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2022, Siasconset Casino Association generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $1.6m during the year ending 10/2022. While expenses have increased by 5.8% 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
SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDER OF SOCIAL, ATHLETIC AND OTHER ACTIVITIES TO MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Bowman Secretary | OfficerTrustee | 1 | $0 |
Brendan Clancy President | OfficerTrustee | 1 | $0 |
Elizabeth Queally Vice President | OfficerTrustee | 1 | $0 |
Gregory Spivy Treasurer | OfficerTrustee | 1 | $0 |
John Carter Director | Trustee | 1 | $0 |
Charles Byrne Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,181,581 |
| 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 | $2,181,581 |
| Total Program Service Revenue | $0 |
| Investment income | $491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $106,665 |
| 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 | $564,600 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,887,726 |
| 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 | $623,639 |
| Pension plan accruals and contributions | $18,884 |
| Other employee benefits | $22,832 |
| Payroll taxes | $46,836 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,655 |
| Fees for services: Accounting | $13,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,918 |
| Advertising and promotion | $0 |
| Office expenses | $35,232 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $89,330 |
| Travel | $8,211 |
| 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 | $189,846 |
| Insurance | $61,688 |
| All other expenses | $89,808 |
| Total functional expenses | $1,619,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,363,518 |
| Savings and temporary cash investments | $342,648 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,036 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,826 |
| Prepaid expenses and deferred charges | $20,817 |
| Net Land, buildings, and equipment | $5,574,917 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $176,679 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,549,441 |
| Accounts payable and accrued expenses | $15,152 |
| 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 | $8,655 |
| Other liabilities | $97,996 |
| Total liabilities | $121,803 |
| Net assets without donor restrictions | $7,427,638 |
| 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 | $7,549,441 |