The Stanwich Club Incorporated
- Assets
- $40.4m
- Revenue
- $14.1m
- Investments
- $0.0
- Employees
- 230
- Location
- Greenwich, CT
- Founding
- 06/1965
- Data as of
- 10/2023
- EIN
- 06-0790586
Organization Overview
The Stanwich Club Incorporated is located in Greenwich, CT. The organization was established in 1965. 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 10/2023, Stanwich Club Incorporated employed 230 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stanwich 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 10/2023, Stanwich Club Incorporated generated $14.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $14.0m during the year ending 10/2023. While expenses have increased by 3.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A CLUB FOR THE PLEASURE AND RECREATION INCLUDING DEVELOPMENT, ENCOURAGEMENT, AND ENJOYMENT OF GOLF AND OTHER SPORTS FOR THE PROMOTION OF SOCIAL ACTIVITIES.
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 |
|---|---|---|---|
Kevin M Driscoll President | OfficerTrustee | 3 | $0 |
John H Coleman III Vice-President | OfficerTrustee | 3 | $0 |
Michael Guilfoile Treasurer | OfficerTrustee | 8 | $0 |
Thomas J Hall Assistant Treasurer | OfficerTrustee | 3 | $0 |
Stephanie D Wall Secretary | OfficerTrustee | 3 | $0 |
Kurtis Babczenko Director | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Davey Tree Expert Co Tree Services | 10/30/23 | $163,076 |
Conte & Cnte Llc Architectual Services | 10/30/23 | $112,113 |
Weston & Sampson Engineers Inc Engineering Services | 10/30/23 | $138,204 |
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 | $10,781,134 |
| Investment income | $28,733 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $73,037 |
| 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 | $3,263,112 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,146,016 |
| 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. | $924,316 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,274,079 |
| Pension plan accruals and contributions | $112,170 |
| Other employee benefits | $1,024,801 |
| Payroll taxes | $564,502 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,038 |
| Fees for services: Accounting | $24,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,712 |
| Advertising and promotion | $0 |
| Office expenses | $280,737 |
| Information technology | $80,208 |
| Royalties | $0 |
| Occupancy | $870,976 |
| Travel | $21,418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,796 |
| Interest | $598,719 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,033,529 |
| Insurance | $233,707 |
| All other expenses | $238,993 |
| Total functional expenses | $13,959,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,384 |
| Savings and temporary cash investments | $2,804,575 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $924,963 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $139,871 |
| Prepaid expenses and deferred charges | $191,447 |
| Net Land, buildings, and equipment | $35,713,701 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $583,378 |
| Total assets | $40,373,319 |
| Accounts payable and accrued expenses | $1,466,412 |
| 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 | $18,095,063 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $250,688 |
| Total liabilities | $19,812,163 |
| Net assets without donor restrictions | $20,561,156 |
| 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 | $40,373,319 |