Nj Ny Track Club Inc
- Assets
- $21.6k
- Revenue
- $32.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Rye, NY
- Founding
- 08/2011
- Data as of
- 12/2021
- EIN
- 27-4812118
Organization Overview
Nj Ny Track Club Inc is located in Rye, NY. The organization was established in 2011. 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. NJ NY Track Club Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, NJ NY Track Club Inc generated $32.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.3%) each year. All expenses for the organization totaled $52.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.5%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP EACH ATHLETE TO COMPETE AT THE HIGHEST LEVELS OF THE SPORT - USA CHAMPIONSHIPS, WORLD CHAMPIONSHIPS, AND THE OLYMPIC GAMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING OLYMPIC-LEVEL TRACK ATHLETES THROUGHOUT THE NEW YORK METROPOLITAN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Gagliano President | Trustee | 40 | $14,500 |
Ashley Higginson Secretary | Trustee | 5 | $0 |
Paul Friedman Trustee | Trustee | 1 | $0 |
Michael Mulqueen Trustee | Trustee | 1 | $0 |
Larry Erickson Trustee | Trustee | 5 | $0 |
Mathew Lane Assistant Secretary | Trustee | 1 | $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 | $32,467 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,467 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,467 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,266 |
| 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 | $3,136 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $628 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $329 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,576 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $5,618 |
| Total functional expenses | $52,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,579 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $4,000 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,579 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $21,579 |
| Total liabilities and net assets/fund balances | $21,579 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nj Ny Track Club Inc has recieved totaling $6,376.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $6,376 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Hills Country Club Inc Manhasset, NY | $8,665,701 | $10,144,490 |
American Yacht Club Rye, NY | $14,373,671 | $10,489,305 |
Rumson Country Club Rumson, NJ | $21,597,970 | $11,715,941 |
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 |
Patterson Club Inc Fairfield, CT | $29,144,334 | $11,504,536 |
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 |