Harvard Club Of New York City
- Assets
- $57.4m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 360
- Location
- New York, NY
- Founding
- 01/1942
- Data as of
- 06/2021
- EIN
- 13-0827620
Organization Overview
Harvard Club Of New York City is located in New York, NY. The organization was established in 1942. 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 06/2021, Harvard Club Of New York City employed 360 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvard Club Of New York City 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, Harvard Club Of New York City generated $14.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $14.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (13.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Harvard Club Of New York City has awarded 16 individual grants totaling $1,611,521. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB PROMOTES SOCIAL INTERACTION AMONG MEMBERS WHO HAVE BEEN WITH HARVARD UNIVERSITY AS STUDENTS OR INSTRUCTORS, OR WHO HAVE RECEIVED HONORARY DEGREES.
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 |
|---|---|---|---|
Herbert Pliessnig General Manager | Officer | 40 | $409,736 |
Tojo John Chief Financial Officer | Officer | 40 | $291,525 |
David Haviland Chef | 40 | $201,328 | |
Julia Belva Dir. Of Human Resource | 40 | $191,488 | |
Theodore Suric Director Of Operations | 40 | $182,015 | |
Thomas J Saparata Director Of Special Events | 40 | $169,107 |
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 | $11,800,598 |
| Investment income | $29,630 |
| 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 | $1,882,835 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,784,742 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $148,577 |
| 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. | $664,498 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,427,391 |
| Pension plan accruals and contributions | $4,586 |
| Other employee benefits | $1,818,549 |
| Payroll taxes | $398,728 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $137,279 |
| Fees for services: Accounting | $71,291 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,020 |
| Advertising and promotion | $37,328 |
| Office expenses | $890,150 |
| Information technology | $173,485 |
| Royalties | $0 |
| Occupancy | $2,065,557 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $107,767 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,373,631 |
| Insurance | $486,280 |
| All other expenses | $81,281 |
| Total functional expenses | $14,727,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,947,920 |
| Savings and temporary cash investments | $14,400,864 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $654,187 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $150,868 |
| Prepaid expenses and deferred charges | $1,078,378 |
| Net Land, buildings, and equipment | $35,131,567 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,363,784 |
| Accounts payable and accrued expenses | $4,116,141 |
| Grants payable | $0 |
| Deferred revenue | $3,310,912 |
| 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 | $2,021,424 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,086,989 |
| Total liabilities | $11,535,466 |
| Net assets without donor restrictions | $45,722,261 |
| Net assets with donor restrictions | $106,057 |
| 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 | $57,363,784 |
Grants Awarded
Over the last fiscal year, Harvard Club Of New York City has awarded $148,577 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL SUPPORT | $139,367 |
New York, NY PURPOSE: GENERAL SUPPORT | $9,210 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Harvard Club Of New York City has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Vazomica Foundation Inc Greenwich, CT PURPOSE: EDUCATIONAL ASSISTANCE | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
University Club New York, NY | $61,571,312 | $30,883,399 |
Baltusrol Golf Club Springfield, NJ | $73,541,672 | $26,510,520 |
Country Club Chestnut Hill, MA | $75,043,157 | $30,549,304 |
Winged Foot Golf Club Inc Mamaroneck, NY | $47,661,307 | $23,506,154 |
New York Yacht Club New York, NY | $54,553,348 | $22,663,268 |
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 |