Cosmopolitan Club
- Assets
- $25.8m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 100
- Location
- New York, NY
- Founding
- 10/1934
- Data as of
- 03/2022
- EIN
- 13-0603250
Organization Overview
Cosmopolitan Club is located in New York, NY. The organization was established in 1934. 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 03/2022, Cosmopolitan Club employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cosmopolitan Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2022, Cosmopolitan Club generated $9.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $8.2m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. 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
THE COSMOPOLITAN CLUB'S PURPOSE IS TO MAINTAIN A SOCIAL CLUB AND A CLUBHOUSE FOR THE USE AND BENEFIT OF MEMBERS ENGAGED OR INTERESTED IN THE LIBERAL ARTS OR PROFESSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Turschmann General Manager | Officer | 40 | $366,579 |
Sal Sprufero Executive Chef | 40 | $168,586 | |
James Crook Controller | 40 | $165,655 | |
Avelino Lima Banquet Maitre'd | 40 | $103,775 | |
Anne B Covell President | OfficerTrustee | 3 | $0 |
Joan Ellis 2nd Vice President | OfficerTrustee | 3 | $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 | $128,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,400 |
| Total Program Service Revenue | $6,082,588 |
| Investment income | $120,080 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,658 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,288,507 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,197,085 |
| 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. | $357,604 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,211,038 |
| Pension plan accruals and contributions | $150,929 |
| Other employee benefits | $805,672 |
| Payroll taxes | $324,739 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,732 |
| Fees for services: Accounting | $42,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $233,271 |
| Advertising and promotion | $0 |
| Office expenses | $573,534 |
| Information technology | $33,667 |
| Royalties | $0 |
| Occupancy | $532,533 |
| 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 | $1,009,088 |
| Insurance | $132,419 |
| All other expenses | $124,310 |
| Total functional expenses | $8,161,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,177,694 |
| Savings and temporary cash investments | $863,504 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $154,322 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $85,199 |
| Prepaid expenses and deferred charges | $196,008 |
| Net Land, buildings, and equipment | $12,553,314 |
| Investments—publicly traded securities | $6,786,983 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,817,024 |
| Accounts payable and accrued expenses | $480,330 |
| Grants payable | $0 |
| Deferred revenue | $14,504 |
| 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 | $484,828 |
| Total liabilities | $979,662 |
| Net assets without donor restrictions | $24,837,362 |
| 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 | $25,817,024 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cosmopolitan Club has recieved totaling $10,271.
| Awarding Organization | Amount |
|---|---|
Claire & Maurits Edersheim Foundation New Haven, CT PURPOSE: DONATION | $10,271 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canoe Brook Country Club Summit, NJ | $49,012,793 | $22,669,304 |
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Wee Burn Country Club Inc Darien, CT | $32,519,463 | $16,725,850 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |
Rolling Rock Club Ligonier, PA | $40,965,761 | $18,300,601 |
Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
The Ridgewood Country Club Paramus, NJ | $31,275,344 | $17,956,980 |
Montclair Golf Club Montclair, NJ | $32,931,083 | $17,687,834 |
Greenwich Country Club Greenwich, CT | $48,407,804 | $23,136,592 |