New York Athletic Club
- Assets
- $79.8m
- Revenue
- $37.0m
- Investments
- $0.0
- Employees
- 600
- Location
- New York, NY
- Founding
- 11/1934
- Data as of
- 08/2021
- EIN
- 13-1096640
Organization Overview
New York Athletic 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 08/2021, New York Athletic Club employed 600 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Athletic Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2021, New York Athletic Club generated $37.0m 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 (7.2%) each year. All expenses for the organization totaled $38.0m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New York Athletic Club has awarded 19 individual grants totaling $278,750. 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
TO PROMOTE SPORTS, EXERCISE AND ATHLETICS OF EVERY KIND AND TO ENCOURAGE PHYSICAL FITNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEW YORK ATHLETIC CLUB (THE "CLUB") IS A MEMBER OWNED PRIVATENOT-FOR-PROFIT CLUB ORGANIZED IN 1868. THE PURPOSE OF THE CLUB ISTO PROMOTE AMATEUR SPORTS, EXERCISE AND ATHLETICS OF EVERY KINDAND TO ENCOURAGE PHYSICAL FITNESS. THE CLUB IS FUNDED PRIMARILYTHROUGH DUES, FEES AND CHARGES TO THE MEMBERSHIP FOR USE OF THEFACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Simon General Manager | Officer | 40 | $324,829 |
Edward Napolitano Director Of Finance & Admi | Officer | 40 | $267,351 |
Cedric Jones Former Athletic Director | Officer | 40 | $266,497 |
James O'brien Director Of Communication | 40 | $191,423 | |
Anthony Walton Executive Chef | 40 | $189,810 | |
Andrew Halper Director Of Human Resource | 40 | $175,861 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rippa Tennis Inc Tennis Pro | 8/30/20 | $392,697 |
Top Flight Music Music | 8/30/20 | $222,750 |
Rippa Tennis Inc Tennis Pro | 8/30/20 | $392,697 |
Top Flight Music Music | 8/30/20 | $222,750 |
Rippa Tennis Inc Tennis Pro | 8/30/20 | $392,697 |
Top Flight Music Music | 8/30/20 | $222,750 |
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 | $361,707 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $361,707 |
| Total Program Service Revenue | $24,793,824 |
| Investment income | $140,112 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $82,228 |
| Net Gain/Loss on Asset Sales | $968,353 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,216,578 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,957,466 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,000 |
| Grants and other assistance to domestic individuals. | $310,988 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $955,504 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,484,939 |
| Pension plan accruals and contributions | $564,773 |
| Other employee benefits | $1,087,946 |
| Payroll taxes | $1,145,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $243,699 |
| Fees for services: Accounting | $100,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,087 |
| Fees for services: Other | $0 |
| Advertising and promotion | $35,479 |
| Office expenses | $350,208 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,379,610 |
| Travel | $106,396 |
| 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 | $6,123,390 |
| Insurance | $872,924 |
| All other expenses | $1,134,304 |
| Total functional expenses | $37,979,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,672,222 |
| Savings and temporary cash investments | $5,589,496 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,053,445 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $566,410 |
| Prepaid expenses and deferred charges | $1,850,069 |
| Net Land, buildings, and equipment | $48,457,502 |
| Investments—publicly traded securities | $8,635,242 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $79,824,386 |
| Accounts payable and accrued expenses | $5,507,019 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,645,000 |
| Total liabilities | $8,152,019 |
| Net assets without donor restrictions | $71,672,367 |
| 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 | $79,824,386 |
Grants Awarded
Over the last fiscal year, New York Athletic Club has awarded $28,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Irving, TX PURPOSE: SPONSORSHIP | $18,000 |
Tampa, FL PURPOSE: DONATION | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New York Athletic Club has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Securitas Foundation Atlanta, GA PURPOSE: RESTRICTED FUNDS DESIGNATED FOR AMATEUR WATER POLO TEAM | $2,500 |
Endowment Analysis
| Beg. Balance | $9,112,667 |
| Earnings | $1,723,135 |
| Net Contributions | $2,734,927 |
| Other Expense | $2,577,121 |
| Ending Balance | $10,993,608 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Road Runners Inc New York, NY | $107,156,497 | $104,850,571 |
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 |