Metropolitan Club Inc
- Assets
- $25.9m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 153
- Location
- New York, NY
- Founding
- 08/1938
- Data as of
- 12/2021
- EIN
- 13-1518177
Organization Overview
Metropolitan Club Inc is located in New York, NY. The organization was established in 1938. 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 12/2021, Metropolitan Club Inc employed 153 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan 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 12/2021, Metropolitan Club Inc generated $11.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $11.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN AND CONDUCT A CLUB EXCLUSIVELY FOR THE PLEASURE OF ITS MEMBERS AND OTHER NON-PROFITABLE PURPOSES. NO PART OF THE NET EARNINGS OF WHICH SHALL INURE TO THE BENEFIT OF ITS MEMBERS.
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 |
|---|---|---|---|
Anthony Nuttall General Manager | Officer | 40 | $300,387 |
Jason Kwintner Director Of Banquets | 40 | $166,426 | |
Jose Collado Maitre D' | 35 | $126,265 | |
Wahid Khan Engineer | 35 | $103,239 | |
Denis Fitzgerald Executive Chef | 40 | $102,762 | |
Raymond Cosman Vice President / Governor | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clifton Budd And Demaria Llp Legal | 12/30/18 | $177,522 |
Let's Dance Music Entertainment | 12/30/18 | $143,544 |
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 | $4,561,725 |
| Investment income | $112 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $147,225 |
| 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 | $6,477,802 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,646,468 |
| 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. | $334,080 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,850,442 |
| Pension plan accruals and contributions | $194,871 |
| Other employee benefits | $870,145 |
| Payroll taxes | $320,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75,202 |
| Fees for services: Accounting | $47,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $125,316 |
| Advertising and promotion | $0 |
| Office expenses | $734,199 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,620,213 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,854 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,565,822 |
| Insurance | $232,107 |
| All other expenses | $62,000 |
| Total functional expenses | $11,297,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,115 |
| Savings and temporary cash investments | $2,033,818 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,334,267 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $243,954 |
| Prepaid expenses and deferred charges | $702,982 |
| Net Land, buildings, and equipment | $21,338,604 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $110,589 |
| Total assets | $25,868,329 |
| Accounts payable and accrued expenses | $2,205,666 |
| 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 | $5,172,201 |
| Total liabilities | $7,377,867 |
| Net assets without donor restrictions | $18,490,462 |
| 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 | $25,868,329 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Metropolitan Club Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Frances & Townsend Burden Foundation New York, NY PURPOSE: PRESERVATION FOR HISTORIC STRUCTURE | $3,000 |
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 |