Laurel Athletic Club Incorporated
- Assets
- $541.0k
- Revenue
- $197.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Norwalk, CT
- Founding
- 05/1951
- Data as of
- 06/2021
- EIN
- 06-0633365
Organization Overview
Laurel Athletic Club Incorporated is located in Norwalk, CT. The organization was established in 1951. As of 06/2021, Laurel Athletic Club Incorporated employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurel Athletic 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 06/2021, Laurel Athletic Club Incorporated generated $197.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $191.0k during the year ending 06/2021. While expenses have increased by 3.0% 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
TO PROMOTE AND SPONSOR SPORTING ACTIVITIES ESPECIALLY ON THE YOUTH LEVEL WITHIN THE GREATER NORWALK COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND SPONSOR SPORTING ACTIVITIES ESPECIALLY ON THE YOUTH LEVEL WITHIN THE GREATER NORWALK COMMUNITY.
ALTHOUGH HAVING OUR FUNDS CURTAILED DUE TO THE PANDEMIC ALL OF OUR PROGRAMS WERE FUNDED AS PTOMISED
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Damato President | Officer | 10 | $0 |
Barry Hess Vice Preside | Officer | 5 | $0 |
James Hill Financial Se | Officer | 5 | $0 |
Andy Trowbridge Recording Se | Officer | 5 | $0 |
Peter Tucci Treasurer | Officer | 10 | $0 |
Lori Hill Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,550 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $197,874 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,500 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $9,832 |
| All other expenses | $0 |
| Total functional expenses | $190,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,716 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,820 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,273 |
| Prepaid expenses and deferred charges | $1,280 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $541,031 |
| Accounts payable and accrued expenses | $20,250 |
| 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 | $0 |
| Other liabilities | $8,567 |
| Total liabilities | $28,817 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $512,214 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Football League Foundation New York, NY | $60,299,577 | $75,254,926 |
Central Park Conservancy Inc New York, NY | $389,474,475 | $64,665,936 |
New York Edge Inc Woodside, NY | $17,691,721 | $41,097,036 |
New Clinical Program Development Corporation New Haven, CT | $5,061 | $40,000,002 |
Westchester Country Club Inc Rye, NY | $77,553,664 | $42,480,746 |
The Union League Of Philadelphia Philadelphia, PA | $166,421,963 | $49,124,019 |
New York Athletic Club New York, NY | $79,824,386 | $36,957,466 |
Elderhostel Inc Boston, MA | $135,068,845 | $25,807,817 |
National Shooting Sports Foundation Inc Shelton, CT | $68,041,486 | $51,692,186 |
Brooklyn Bridge Park Corporation Brooklyn, NY | $410,528,577 | $25,310,971 |
University Club New York, NY | $61,571,312 | $30,883,399 |
Baltusrol Golf Club Springfield, NJ | $73,541,672 | $26,510,520 |