Twentieth Century Club Of Buffalo
- Assets
- $2.3m
- Revenue
- $581.0k
- Investments
- $641.1k
- Employees
- 43
- Location
- Buffalo, NY
- Founding
- 07/1942
- Data as of
- 04/2023
- EIN
- 16-0667320
Organization Overview
Twentieth Century Club Of Buffalo is located in Buffalo, NY. The organization was established in 1942. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 04/2023, Twentieth Century Club Of Buffalo employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twentieth Century Club Of Buffalo is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 04/2023, Twentieth Century Club Of Buffalo generated $581.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $565.5k during the year ending 04/2023. While expenses have increased by 2.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL AND RECREATIONAL CLUB ORGANIZED TO ADVANCE THE INTERESTS OF EDUCATION, LITERATURE, AND THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL AND RECREATIONAL CLUB TO ADVANCE THE INTERESTS OF EDUCATION, LITERATURE, AND THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antoinette Louden President | OfficerTrustee | 2 | $0 |
Janice Worobec 1st Vice President | OfficerTrustee | 2 | $0 |
Mitzie Serafin Recording Secretary | OfficerTrustee | 2 | $0 |
Anne Slater Corresponding Secretary | OfficerTrustee | 2 | $0 |
Ann Marie Ervolina Treasurer | OfficerTrustee | 2 | $0 |
Melissa Sorrentino Assistant Treasurer | OfficerTrustee | 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 | $523,983 |
| Investment income | $22,946 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,749 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$12,570 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $580,986 |
| 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. | $81,049 |
| Compensation of current officers, directors, key employees. | $36,990 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,223 |
| Pension plan accruals and contributions | $2,454 |
| Other employee benefits | $7,566 |
| Payroll taxes | $49,826 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,097 |
| Advertising and promotion | $0 |
| Office expenses | $21,270 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,258 |
| 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 | $8,535 |
| Insurance | $42,226 |
| All other expenses | $13,069 |
| Total functional expenses | $565,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,395 |
| Savings and temporary cash investments | $591,234 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,029 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,345 |
| Prepaid expenses and deferred charges | $25,915 |
| Net Land, buildings, and equipment | $917,696 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $641,081 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,323,695 |
| Accounts payable and accrued expenses | $9,612 |
| Grants payable | $0 |
| Deferred revenue | $168,064 |
| 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 | $45,351 |
| Total liabilities | $223,027 |
| Net assets without donor restrictions | $2,100,668 |
| 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 | $2,323,695 |