Saratoga Reading Rooms Inc
- Assets
- $1.0m
- Revenue
- $690.3k
- Investments
- $0.0
- Employees
- 33
- Location
- Saratoga Springs, NY
- Founding
- 04/1947
- Data as of
- 12/2022
- EIN
- 11-1902995
Organization Overview
Saratoga Reading Rooms Inc is located in Saratoga Springs, NY. The organization was established in 1947. 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 12/2022, Saratoga Reading Rooms Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saratoga Reading Rooms Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Saratoga Reading Rooms Inc generated $690.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $623.1k during the year ending 12/2022. While expenses have increased by 4.1% per year over the past 6 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
SARATOGA READING ROOMS MAINTAINS A READING ROOM, LODGING, AND RECREATIONAL (CONTINUED ON SCHEDULE O) FACILITY DURING THE SARATOGA SPRINGS THOROUGHBRED RACING SEASON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SARATOGA READING ROOMS MAINTAINS A READING ROOM, LODGING, AND RECREATIONAL FACILITY DURING THE SARATOGA SPRINGS THOROUGHBRED RACING SEASON.
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 |
|---|---|---|---|
Joseph E Aulisi Director | Trustee | 0 | $0 |
Robert N Clay Director | Trustee | 0 | $0 |
Peter Dibonaventura Treasurer | OfficerTrustee | 0 | $0 |
William S Farish Jr Secretary | OfficerTrustee | 0 | $0 |
Ben Haggin President | OfficerTrustee | 0 | $0 |
G Watts Humphrey Jr Director | Trustee | 0 | $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 | $446,430 |
| Investment income | $13,089 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,771 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $216,589 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $690,290 |
| 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 | $242,035 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $45,006 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,869 |
| Fees for services: Other | $720 |
| Advertising and promotion | $1,110 |
| Office expenses | $29,297 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $114,047 |
| Travel | $1,567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,007 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,292 |
| Insurance | $27,042 |
| All other expenses | $17,233 |
| Total functional expenses | $623,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,199 |
| Savings and temporary cash investments | $158,972 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,985 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $194,814 |
| Investments—publicly traded securities | $381,566 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23 |
| Total assets | $1,012,559 |
| Accounts payable and accrued expenses | $0 |
| 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 | $46,080 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $46,080 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $966,479 |
| Total liabilities and net assets/fund balances | $1,012,559 |