Mill River Club Inc
- Assets
- $11.7m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 121
- Location
- Oyster Bay, NY
- Founding
- 11/1966
- Data as of
- 12/2022
- EIN
- 11-2028458
Organization Overview
Mill River Club Inc is located in Oyster Bay, NY. The organization was established in 1966. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Mill River Club Inc employed 121 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mill River Club 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, Mill River Club Inc generated $8.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $8.3m during the year ending 12/2022. While expenses have increased by 1.8% per year over the past 5 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
A FAMILY FRIENDLY PRIVATE SOCIAL CLUB WELCOMING MEMBERS OF EVERY ETHNIC AND RELIGIOUS BACKGROUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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 |
|---|---|---|---|
Ralph S Marinaccio President | OfficerTrustee | 8 | $0 |
Joseph Vecchio Vice President | OfficerTrustee | 4 | $0 |
Brian Nardone Treasurer | OfficerTrustee | 8 | $0 |
Suzanne Mandel Secretary | OfficerTrustee | 4 | $0 |
W Christopher Connor Governor | Trustee | 2 | $0 |
Amy Hochberg Governor | Trustee | 2 | $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 | $5,221,980 |
| Investment income | $9,358 |
| 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 | $3,143,658 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,398,452 |
| 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. | $576,881 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,393,133 |
| Pension plan accruals and contributions | $47,857 |
| Other employee benefits | $358,150 |
| Payroll taxes | $490,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $273 |
| Fees for services: Accounting | $38,903 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,542 |
| Advertising and promotion | $0 |
| Office expenses | $110,287 |
| Information technology | $15,688 |
| Royalties | $0 |
| Occupancy | $496,520 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $205,486 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $876,493 |
| Insurance | $183,996 |
| All other expenses | $166,408 |
| Total functional expenses | $8,312,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $384,333 |
| Savings and temporary cash investments | $1,767,896 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,195,965 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $94,303 |
| Prepaid expenses and deferred charges | $246,381 |
| Net Land, buildings, and equipment | $7,784,468 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $248,581 |
| Total assets | $11,721,927 |
| Accounts payable and accrued expenses | $598,513 |
| Grants payable | $0 |
| Deferred revenue | $1,010,526 |
| 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 | $5,014,189 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $909,993 |
| Total liabilities | $7,533,221 |
| 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 | $1,815,730 |
| Retained earnings, endowment, accumulated income, or other funds | $2,372,976 |
| Total liabilities and net assets/fund balances | $11,721,927 |