Fencers Club Inc
- Assets
- $13.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 4
- Location
- New York, NY
- Founding
- 01/1980
- Data as of
- 08/2023
- EIN
- 13-2959888
Organization Overview
Fencers Club Inc is located in New York, NY. The organization was established in 1980. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 08/2023, Fencers Club Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fencers Club Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Fencers Club Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $1.8m during the year ending 08/2023. 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
FENCERS CLUB IS DEDICATED TO PROMOTING EXCELLENCE IN FENCING, ACADEMICS AND CHARACTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FENCERS CLUB PROVIDED FENCING LESSONS AND OTHER MEMBER SERVICES TO 500 ACTIVE MEMBERS IN FISCAL-YEAR 2023. WE PROVIDED DISCOUNTS TO MEMBERS AND THE COMMUNITY AT LARGE IN LINE WITH THE CLUB'S MISSION TO PROMOTE FENCING, LEARNING, CHARACTER DEVELOPMENT AND COMMUNITY SERVICE. SOME OF THE DISCOUNTS GIVEN WERE TO MEMBERS IN NEED, THE PETER WESTBROOK FOUNDATION, AND TRAINING CAMP FOR COMPETITIVE FENCERS FROM ACROSS THE COUNTRY AND FROM ABROAD. THERE IS ALSO THE PUBLIC SCHOOL ATHLETIC LEAUGE PROGRAM WHERE ALL STUDENTS WHO FENCE IN PUBLIC SCHOOLS ARE WELCOME TO THE CLUB TO BE COACHED BY ONE OF OUR COACHES AT A 75% DISCOUNT. THE CLUB ALSO PROVIDES FREE FENCING TO MILITARY VETERANS TO GIVE THEM AN OPPORTUNITY TO INTEGRATE INTO THE BROADER COMMUNITY THROUGH FENCING, MENTORING AND SHARING KNOWLEDGE AND EXPERIENCES. THE GOAL IS TO INSPIRE VETERANS AND SERVICE MEMBERS TO EXCEL IN FENCING AND TO SHARE THEIR MILITARY EXPERIENCES TO MAKE A POSITIVE AND MEANINGFUL IMPACT IN THE BROADER COMMUNITY.
CAMP PROGRAM - THE CLUB HAS AN OUTREACH DAY CAMP PROGRAM. THE PROGRAM CONSISTS OF ACADEMICS IN THE MORNING AND A FREE HEALTHY LUNCH AND FENCING IN THE AFTERNOON. THE CLUB ALSO SUCCESSFULLY LAUCHED A TRAINING CAMP WHERE ATHLETES CAN TRAIN WITH OTHER FENCERS FROM ALL OVER THE COUNTRY.
SCHOOL PARTNERSHIP PROGRAM - THE PROGRAM TEACHES FENCING TO STUDENTS IN THEIR OWN SCHOOL WHILE IMPARTING THE CHARACTER BUILDING VALUES, DISCIPLINE AND STRATEGIC THINKING THAT ARE INTEGRAL TO THE SPORT. BY WORKING CLOSELY WITH STUDENTS IN A SPORT THAT IS PHYSICALLY, INTELLECTUALLY AND EMOTIONALLY CHALLENGING, OUR HIGHLY TRAINED AND MOTIVATED SCHOLAR-ATHLETE COACHES WILL ENCOURAGE THE STUDENTS TO WORK THROUGH DIFFICULTIES TO ACHIEVE THEIR GOALS AND DEVELOP PERSEVERANCE THAT CAN ENHANCE THE STUDENTS ABILITY TO PERFORM IN NON-FENCING PURSUITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexey Cheremsky Board Member | Trustee | 0.1 | $0 |
Ann Cho Board Member | Trustee | 0.1 | $0 |
Erinn Smart Board Member | Trustee | 0.1 | $0 |
Greg Chang Board Member | Trustee | 0.1 | $0 |
Irene Gershon Board Member | Trustee | 0.1 | $0 |
Jack Lee Board Member | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brl Construction Corp Construction | 8/30/20 | $247,100 |
Tinmouth Chang Architects Architecture Design | 8/30/20 | $120,699 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $150,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,691 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,691 |
| Total Program Service Revenue | $921,957 |
| Investment income | $547 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $58,343 |
| 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 | $26,133 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,252,671 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $54,910 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $158,400 |
| Compensation of current officers, directors, key employees. | $55,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,558 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,576 |
| Payroll taxes | $19,086 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,744 |
| Fees for services: Accounting | $109,481 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $159,473 |
| Advertising and promotion | $705 |
| Office expenses | $20,779 |
| Information technology | $6,508 |
| Royalties | $0 |
| Occupancy | $123,600 |
| Travel | $17,053 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $336,776 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $310,838 |
| Insurance | $190,375 |
| All other expenses | $3,778 |
| Total functional expenses | $1,788,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,676 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $191,642 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,993 |
| Prepaid expenses and deferred charges | $833 |
| Net Land, buildings, and equipment | $12,567,403 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,105,547 |
| Accounts payable and accrued expenses | $227,983 |
| Grants payable | $0 |
| Deferred revenue | $147,556 |
| Tax-exempt bond liabilities | $8,065,020 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $149,900 |
| Unsecured mortgages and notes payable | $326,973 |
| Other liabilities | $0 |
| Total liabilities | $8,917,432 |
| Net assets without donor restrictions | $4,188,115 |
| 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 | $13,105,547 |