The Sanctum
- Assets
- $446.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Litchfield, CT
- Founding
- 03/1989
- Data as of
- 05/2024
- EIN
- 22-2945484
Organization Overview
The Sanctum is located in Litchfield, CT. The organization was established in 1989. 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. Sanctum is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2024, Sanctum generated $87.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $82.5k during the year ending 05/2024. While expenses have increased by 2.5% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
THIS ASSOCIATION IS INCORPORATED FOR MUTUAL IMPROVEMENT LITERARY AND SOCIAL PURPOSE AND SHALL CONSIST OF HONORARY RESIDENT AND NONRESIDENT MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Quay President | 1.5 | $0 | |
Hugh Schoelzel Vice President | 1.5 | $0 | |
Richard Furniss Jr Secretary | 1.5 | $0 | |
Paul E Jagger Treasurer | 1.5 | $0 | |
Quentin R Ryan Gov | 1.5 | $0 | |
Oren K Boynton Gov | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $38,605 |
| Membership dues | $48,717 |
| Investment income | $11 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $87,333 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $45,110 |
| Occupancy, rent, utilities, and maintenance | $23,004 |
| Printing, publications, postage, and shipping | $609 |
| Other expenses | $13,740 |
| Total expenses | $82,463 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $158,080 |
| Other assets | $0 |
| Total assets | $446,730 |
| Total liabilities | $0 |
| Net assets or fund balances | $446,730 |