Century Club Of Syracuse
- Assets
- $3.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 48
- Location
- Syracuse, NY
- Founding
- 11/1942
- Data as of
- 12/2021
- EIN
- 15-0265840
Organization Overview
Century Club Of Syracuse is located in Syracuse, NY. The organization was established in 1942. 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, Century Club Of Syracuse employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Century Club Of Syracuse 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, Century Club Of Syracuse generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 2.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ITS MEMBERS WITH THE AMENITIES OF A FIRST RATE PRIVATE CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING DINING ROOM FACILITIES, BAR, AND MEETING AREAS FOR CLUB MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Larosa General Manager | Officer | 60 | $89,481 |
James Burns President | OfficerTrustee | 2 | $0 |
Dr Irving Raphael Vice President | OfficerTrustee | 2 | $0 |
Eric Brown Secretary | OfficerTrustee | 2 | $0 |
Carl Austin Treasurer | OfficerTrustee | 2 | $0 |
Thomas Giufre Asst Secretary/treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,188,211 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $227,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,844 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,424,555 |
| Total Program Service Revenue | $0 |
| Investment income | $224 |
| 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 | -$177,799 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,433,916 |
| 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. | $130,702 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $286,414 |
| Pension plan accruals and contributions | $7,960 |
| Other employee benefits | $105,062 |
| Payroll taxes | $88,191 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,473 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $500 |
| Advertising and promotion | $40,968 |
| Office expenses | $36,654 |
| Information technology | $26,994 |
| Royalties | $0 |
| Occupancy | $194,360 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,885 |
| Interest | $20,283 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,390 |
| Insurance | $0 |
| All other expenses | $54,491 |
| Total functional expenses | $1,153,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,814 |
| Savings and temporary cash investments | $765,171 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $199,530 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,155 |
| Inventories for sale or use | $90,078 |
| Prepaid expenses and deferred charges | $31,888 |
| Net Land, buildings, and equipment | $1,934,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,171,636 |
| Accounts payable and accrued expenses | $55,276 |
| Grants payable | $0 |
| Deferred revenue | $583,591 |
| 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 | $582,121 |
| Other liabilities | $140,239 |
| Total liabilities | $1,361,227 |
| Net assets without donor restrictions | $1,810,409 |
| 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 | $3,171,636 |
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