Gipsy Trail Club Inc
- Assets
- $11.3m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 43
- Location
- Carmel, NY
- Founding
- 04/1952
- Data as of
- 03/2022
- EIN
- 14-0694810
Organization Overview
Gipsy Trail Club Inc is located in Carmel, NY. The organization was established in 1952. 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 03/2022, Gipsy Trail Club Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gipsy Trail 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 03/2022, Gipsy Trail Club Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $2.9m during the year ending 03/2022. While expenses have increased by 3.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE MEMBERSHIP ORGANIZATION & RESIDENTIAL COMMUNITY OF PEOPLE WITH COMMON PURPOSE OF FRIENDSHIP, RELAXATION, PRIVACY, RECREATION & COMMUNITY PARTICIPATION.
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 |
|---|---|---|---|
Powel Merez Tennis Pro | 30 | $254,691 | |
Brett Palmer General Manager | Officer | 40 | $174,167 |
Katherine Yang Treasurer | OfficerTrustee | 3 | $0 |
Mali Sananikone Gaw Vice President - Activitie | OfficerTrustee | 3 | $0 |
Bridget Best President | OfficerTrustee | 3 | $0 |
Hannah Strasser Vice President - Capital | OfficerTrustee | 3 | $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 | $1,793,271 |
| Investment income | $975 |
| 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 | $1,491,752 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,601,930 |
| 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. | $184,100 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $814,761 |
| Pension plan accruals and contributions | $20,651 |
| Other employee benefits | $132,426 |
| Payroll taxes | $91,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,554 |
| Fees for services: Accounting | $29,808 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,381 |
| Advertising and promotion | $0 |
| Office expenses | $96,703 |
| Information technology | $35,814 |
| Royalties | $0 |
| Occupancy | $690,674 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,329 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,633 |
| Insurance | $0 |
| All other expenses | $24,882 |
| Total functional expenses | $2,899,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,617 |
| Savings and temporary cash investments | $2,272,808 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,130 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,238 |
| Prepaid expenses and deferred charges | $36,688 |
| Net Land, buildings, and equipment | $1,000,249 |
| Investments—publicly traded securities | $200,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,577,770 |
| Total assets | $11,313,500 |
| Accounts payable and accrued expenses | $99,184 |
| 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 | $1,040,577 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $74,991 |
| Total liabilities | $1,214,752 |
| Net assets without donor restrictions | $10,098,748 |
| 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 | $11,313,500 |
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Montclair Golf Club Montclair, NJ | $32,931,083 | $17,687,834 |
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