Down Town Association
- Assets
- $39.7m
- Revenue
- $514.4k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1918
- Data as of
- 12/2021
- EIN
- 13-5035020
Organization Overview
Down Town Association is located in New York, NY. The organization was established in 1918. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Down Town Association 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, Down Town Association generated $514.4k 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 (23.2%) each year. All expenses for the organization totaled $84.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (46.2%) 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
THE ASSOCIATION WAS ESTABLISHED TO PROVIDE ITS MEMBERS FACILITIES FOR SOCIAL INTERCOURSE IN NEW YORK CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FURNISH ITS MEMBERS WITH FACILITIES FOR SOCIAL INTERCOURSE AND ADVANCEMENT OF LITERATURE AND ART.
THE DOWN TOWN ASSOCIATION MAINTAINS A COLLECTION OF PAINTINGS AND VARIOUS ARTWORK FOR THE VIEWING PLEASURE OF THE MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy L Thompson Secretary | OfficerTrustee | 3 | $0 |
Conrad Steinmann Treasurer | OfficerTrustee | 2 | $0 |
Mark R Altherr President | OfficerTrustee | 3 | $0 |
D Roger B Liddell Vice President | OfficerTrustee | 2 | $0 |
Jane M Hewson Trustee | Trustee | 2 | $0 |
Joseph P Forte Trustee | Trustee | 2 | $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 | $562,174 |
| Investment income | $0 |
| 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 | -$53,099 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $514,397 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,491 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,369 |
| Advertising and promotion | $0 |
| Office expenses | $5,348 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,307 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $5,280 |
| All other expenses | $12,316 |
| Total functional expenses | $84,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,291 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,915 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,358 |
| Prepaid expenses and deferred charges | $4,946 |
| Net Land, buildings, and equipment | $27,071,453 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,614,215 |
| Total assets | $39,729,178 |
| Accounts payable and accrued expenses | $1,995,526 |
| 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 | $3,683,801 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,792,415 |
| Total liabilities | $34,471,742 |
| Net assets without donor restrictions | $5,257,436 |
| 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 | $39,729,178 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Down Town Association has recieved totaling $1,878.
| Awarding Organization | Amount |
|---|---|
Arthur And Catherine Singerfoundation New York, NY PURPOSE: HELPING AND EDUCATING CHILDREN IN THE WORLD | $1,878 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Hills Country Club Inc Manhasset, NY | $8,665,701 | $10,144,490 |
American Yacht Club Rye, NY | $14,373,671 | $10,489,305 |
Rumson Country Club Rumson, NJ | $21,597,970 | $11,715,941 |
Fox Chapel Golf Club Pittsburgh, PA | $23,085,433 | $10,861,671 |
Laurel Valley Golf Club Ligonier, PA | $52,343,564 | $12,615,349 |
Fairmount Country Club Chatham, NJ | $19,011,415 | $11,121,971 |
Fenway Golf Club Inc Scarsdale, NY | $17,131,251 | $9,912,934 |
Patterson Club Inc Fairfield, CT | $29,144,334 | $11,504,536 |
Metropolis Country Club Inc White Plains, NY | $13,739,275 | $9,618,484 |
Duquesne Club Pittsburgh, PA | $30,792,617 | $9,610,299 |
Morris County Golf Club Convent Station, NJ | $22,253,157 | $12,044,540 |
Tavistock Country Club Haddonfield, NJ | $18,571,635 | $10,309,348 |