The Townsmen Club
- Assets
- $127.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mapleville, RI
- Founding
- 10/1989
- Data as of
- 09/2023
- EIN
- 05-0368338
Organization Overview
The Townsmen Club is located in Mapleville, RI. The organization was established in 1989. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Townsmen Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2023, Townsmen Club generated $25.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $40.0k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE DINNERS AND SOCIAL EVENTS TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Perry Director | 2 | $0 | |
Tom Staples Director | 2 | $0 | |
Wayne Richardson Director | 2 | $0 | |
Ralph Ciummo Director | 2 | $0 | |
Peter Samek Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $6,200 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,410 |
| Total Revenue | $25,465 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $700 |
| Occupancy, rent, utilities, and maintenance | $27,106 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,145 |
| Total expenses | $39,951 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $122,226 |
| Other assets | $0 |
| Total assets | $127,373 |
| Total liabilities | $474 |
| Net assets or fund balances | $126,899 |