Needham Youth Track Club Inc
- Assets
- $310.5k
- Revenue
- $288.7k
- Investments
- $0.0
- Employees
- 88
- Location
- Needham, MA
- Founding
- 05/2016
- Data as of
- 12/2021
- EIN
- 47-4272337
Organization Overview
Needham Youth Track Club Inc is located in Needham, MA. The organization was established in 2016. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Needham Youth Track Club Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Needham Youth 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, Needham Youth Track Club Inc generated $288.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $163.5k during the year ending 12/2021. While expenses have increased by 23.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS FORMED TO SUPPORT THE GROWTH OF TRACK AND FIELD ACROSS NEEDHAM AND METRO WEST (BOSTON) AREA BY PROVIDING SAFE AND FUN RUNNING AND FIELD EVENT EXPERIENCES FOR ABOUT 1,400 CHILDREN AGED 5-14 WITH A GOAL OF CREATING A LIFELONG INTEREST IN RUNNING. THE CLUB STRIVES TO FOSTER AN INCLUSIVE ENVIRONMENT ACROSS ALL ABILITY LEVELS TO BUILD SELF- CONFIDENCE, EMPHASIZE LEARNING AND SELF-DISCOVERY, PROMOTE A HEALTHY LIFESTYLE, AND REWARD ACHIEVEMENT. NYTC OFFERS SEASONAL PROGAMS AND COMPETITIONS. WE PROVIDE CHILDREN'S PROGRAMS DURING THE SPRING, SUMMER, FALL AND WINTER SPANNING CROSS COUNTRY, INDOOR TRACK, OUTDOOR TRACK, AND ROAD RACING. WE TEACH AND PROMOTE A WIDE SPECTRUM OF TRACK AND FIELD INCLUDING SPRINTING, DISTANCE RUNNING, HURDLING, JUMPING AND THROWING EVENTS. NYTC AIMS TO DISCOVER ENTHUSIASTIC YOUNG ADULTS OF STRONG CHARACTER TO WHOM WE WILL PROVIDE ONGOING LEADERSHIP DEVELOPOMENT. THE GOAL OF THIS EFFORT IS TO INVEST IN THE NEXT GENERATION AND STRENGHTHEN OUR BOND WI
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS FORMED TO PROVDE EDUCATION AND TRAINING FOR CHILDREN IN THE SPORT OF TRACK AND FIELD; TO BUILD SELF-CONFIDENCE, TEAM WORK, GOOD SPORSTMANSHIP, AND A SENSE OF FAIR PLAY; TO PROVIDE OPPORTUNITIES FOR PARTICIPATION FOR CHILDREN OF ALL ABILITY LEVELS INCLUDING THOSE WITH PHYSICAL, MENTAL OR EMOTIONAL CHALLENGES. THE ORGANIZATION HAS SUMMER, WINTER AND SPRING TRACK PROGRAMS WITH 1,391 CHILDREN PARTICIPATING AND AGES RANGING FROM 3 1/2 TO 14 YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hrones President | OfficerTrustee | 20 | $31,264 |
Helen Nugent Treasurer | OfficerTrustee | 3 | $4,679 |
Jack Strollo Director/hea | Trustee | 3 | $3,038 |
Peter Farlow Secretary | OfficerTrustee | 2 | $0 |
Michelle Geddes Vice Preside | OfficerTrustee | 2 | $0 |
David Johnson Director | 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 | $205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205 |
| Total Program Service Revenue | $285,682 |
| Investment income | $2,786 |
| 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 | $288,673 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,000 |
| 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 | $96,204 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,987 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,389 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,187 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Insurance | $953 |
| All other expenses | $0 |
| Total functional expenses | $163,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,574 |
| Savings and temporary cash investments | $133,958 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $310,532 |
| 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 | $310,532 |
| 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 | $310,532 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Needham Youth Track Club Inc has recieved totaling $55.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $55 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Athletic Club New York, NY | $79,824,386 | $36,957,466 |
University Club New York, NY | $61,571,312 | $30,883,399 |
Country Club Chestnut Hill, MA | $75,043,157 | $30,549,304 |
Winged Foot Golf Club Inc Mamaroneck, NY | $47,661,307 | $23,506,154 |
New York Yacht Club New York, NY | $54,553,348 | $22,663,268 |
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Wee Burn Country Club Inc Darien, CT | $32,519,463 | $16,725,850 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
Greenwich Country Club Greenwich, CT | $48,407,804 | $23,136,592 |
Harvard Club Of New York City New York, NY | $57,363,784 | $14,784,742 |