Buffalo Tennis And Squash Club
- Assets
- $2.0m
- Revenue
- $810.8k
- Investments
- $0.0
- Employees
- 15
- Location
- Buffalo, NY
- Founding
- 02/1958
- Data as of
- 12/2022
- EIN
- 16-0368360
Organization Overview
Buffalo Tennis And Squash Club is located in Buffalo, NY. The organization was established in 1958. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Buffalo Tennis And Squash Club employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Tennis And Squash Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Buffalo Tennis And Squash Club generated $810.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $681.0k during the year ending 12/2022. While expenses have increased by 1.7% per year over the past 8 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
PROMOTION OF THE INTEREST OF TENNIS AND SQUASH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING CLUB MEMBERSHIP ACTIVITIES AND BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Franklin General Manager | Trustee | 40 | $90,256 |
Kingman Bassett Jr President | Officer | 2.5 | $0 |
Christopher Vogelsang Vice President | Officer | 2.5 | $0 |
Richard Wolney Secretary | Officer | 2.5 | $0 |
Allen Tompkins Treasurer | Officer | 2.5 | $0 |
Pamela Earl Faust Director | Trustee | 2.5 | $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 | $553,040 |
| Investment income | $6,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,109 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,359 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $810,754 |
| 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. | $90,256 |
| Compensation of current officers, directors, key employees. | $18,051 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $218,095 |
| Pension plan accruals and contributions | $7,673 |
| Other employee benefits | $22,963 |
| Payroll taxes | $31,866 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,512 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,304 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $96,572 |
| Insurance | $25,555 |
| All other expenses | $35,900 |
| Total functional expenses | $681,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $370,273 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $105,078 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,151 |
| Prepaid expenses and deferred charges | $21,162 |
| Net Land, buildings, and equipment | $1,132,789 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $361,849 |
| Total assets | $2,002,302 |
| Accounts payable and accrued expenses | $18,785 |
| Grants payable | $0 |
| Deferred revenue | $58,365 |
| 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 | $11,673 |
| Total liabilities | $88,823 |
| Net assets without donor restrictions | $1,913,479 |
| 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 | $2,002,302 |