Regency Whist Club Inc
- Assets
- $1.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 36
- Location
- New York, NY
- Founding
- 12/1937
- Data as of
- 06/2023
- EIN
- 13-1207390
Organization Overview
Regency Whist Club Inc is located in New York, NY. The organization was established in 1937. 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 06/2023, Regency Whist Club Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regency Whist 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 06/2023, Regency Whist Club Inc generated $1.4m 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 (5.0%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE SOCIAL & LITERARY CONTACTS BETWEEN MEN & WOMEN AND PROMOTE THE PRACTICE AND DEVELOPMENT OF THE GAME OF CONTRACT BRIDGE.
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 |
|---|---|---|---|
Sharon Phillips Co-President | OfficerTrustee | 5 | $0 |
Pauline Raiff Co-President | OfficerTrustee | 5 | $0 |
Trish Klestadt Vice President | OfficerTrustee | 1 | $0 |
Dale Berger Secretary | OfficerTrustee | 1 | $0 |
Natalie Barth Treasurer | OfficerTrustee | 1 | $0 |
Kitty Alper Governor | Trustee | 1 | $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 | $865,960 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $75,264 |
| 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 | $496,674 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,437,913 |
| 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 | $588,680 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $97,994 |
| Payroll taxes | $64,244 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $88 |
| Fees for services: Accounting | $16,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,407 |
| Advertising and promotion | $0 |
| Office expenses | $213,237 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $187,714 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,118 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,940 |
| Insurance | $63,616 |
| All other expenses | $1,169 |
| Total functional expenses | $1,512,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $429,331 |
| Savings and temporary cash investments | $325,511 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $258,918 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,535 |
| Prepaid expenses and deferred charges | $91,667 |
| Net Land, buildings, and equipment | $297,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,437,248 |
| Accounts payable and accrued expenses | $212,993 |
| Grants payable | $0 |
| Deferred revenue | $1,023,568 |
| 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 | $300,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,536 |
| Total liabilities | $1,539,097 |
| Net assets without donor restrictions | -$101,849 |
| 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 | $1,437,248 |