Fort Lee Athletic Club Inc is located in Fort Lee, NJ. The organization was established in 1959. 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. Fort Lee Athletic 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 12/2020, Fort Lee Athletic Club Inc generated $53.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $68.1k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES FUNDS FOR SPORTS PROGRAMS IN THE FORT LEE, NJ AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S MOST SIGNIFICANT ACTIVITY IS TO PROVIDE FUNDS FOR SPORTS PROGRAMS IN THE FORT LEE, NJ AREA
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Donald Balestri President | OfficerTrustee | 3 | $0 |
Joseph Putrino Vice President | OfficerTrustee | 2 | $0 |
Christopher Skelley Treasurer | OfficerTrustee | 5 | $0 |
Fred Safarowic Secretary | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $27,050 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $6,717 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $33,767 |
Total Program Service Revenue | $0 |
Investment income | $25 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $32,080 |
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 | -$11,961 |
Miscellaneous Revenue | $0 |
Total Revenue | $53,911 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,700 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,620 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,055 |
Advertising and promotion | $2,401 |
Office expenses | $154 |
Information technology | $1,939 |
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 | $15,453 |
Insurance | $5,018 |
All other expenses | $10,680 |
Total functional expenses | $68,095 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $135,266 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $903,152 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $500 |
Total assets | $1,038,918 |
Accounts payable and accrued expenses | $229 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $19,447 |
Total liabilities | $19,676 |
Net assets without donor restrictions | $1,019,242 |
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 | $1,038,918 |
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Fox Chapel Golf Club Pittsburgh, PA | $23,085,433 | $10,861,671 |
Laurel Valley Golf Club Ligonier, PA | $52,343,564 | $12,615,349 |
Fairmount Country Club Chatham, NJ | $19,011,415 | $11,121,971 |
Fenway Golf Club Inc Scarsdale, NY | $17,131,251 | $9,912,934 |
Metropolis Country Club Inc White Plains, NY | $13,739,275 | $9,618,484 |
Duquesne Club Pittsburgh, PA | $30,792,617 | $9,610,299 |
Morris County Golf Club Convent Station, NJ | $22,253,157 | $12,044,540 |
Tavistock Country Club Haddonfield, NJ | $18,571,635 | $10,309,348 |
Shinnecock Hills Golf Club Southampton, NY | $5,355,089 | $8,322,152 |