Tokeneke Club Incorporated
- Assets
- $14.3m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 151
- Location
- Darien, CT
- Founding
- 07/1922
- Data as of
- 10/2022
- EIN
- 06-0563647
Organization Overview
Tokeneke Club Incorporated is located in Darien, CT. The organization was established in 1922. 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, Tokeneke Club Incorporated employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tokeneke Club Incorporated 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, Tokeneke Club Incorporated generated $5.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $5.3m during the year ending 10/2022. While expenses have increased by 5.5% 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
TO PROVIDE TENNIS, PLATFORM TENNIS, SAILING AND A SWIMMING POOL FOR ITS MEMBERS AND ALSO MAINTAIN A CLUBHOUSE WITH DINING FACILITIES FOR THEIR USE.
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 |
|---|---|---|---|
James Reisig Gm/coo | Officer | 40 | $230,230 |
Maurice Hurley Executive Chef | 40 | $157,747 | |
Mark Della Pesca Clubhouse Manager | 40 | $149,828 | |
Lisa Teemsma Controller | 40 | $142,922 | |
John Massey President | OfficerTrustee | 4 | $0 |
Abby Crawley Secretary | OfficerTrustee | 4 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,391,010 |
| Investment income | $0 |
| 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 | $2,139,968 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,530,978 |
| 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. | $235,191 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,977,198 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $273,460 |
| Payroll taxes | $236,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,683 |
| Fees for services: Accounting | $45,774 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $117,010 |
| Information technology | $48,499 |
| Royalties | $0 |
| Occupancy | $502,886 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $68,257 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $877,849 |
| Insurance | $311,472 |
| All other expenses | $0 |
| Total functional expenses | $5,276,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $813,045 |
| Savings and temporary cash investments | $1,655,259 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $246,263 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $52,605 |
| Prepaid expenses and deferred charges | $203,528 |
| Net Land, buildings, and equipment | $10,820,087 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $520,715 |
| Total assets | $14,311,502 |
| Accounts payable and accrued expenses | $258,074 |
| 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 | $1,778,133 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,356,837 |
| Total liabilities | $5,393,044 |
| Net assets without donor restrictions | $8,918,458 |
| 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 | $14,311,502 |
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