City Tavern Association
- Assets
- $706.1k
- Revenue
- $783.0k
- Investments
- $0.0
- Employees
- 20
- Location
- Washington, DC
- Founding
- 03/1964
- Data as of
- 12/2022
- EIN
- 53-0258392
Organization Overview
City Tavern Association is located in Washington, DC. The organization was established in 1964. 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 12/2022, City Tavern Association employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Tavern Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, City Tavern Association generated $783.0k 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 (3.9%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ACQUIRE, RESTORE AND MAINTAIN THE HISTORIC PROPERTY KNOWN AS THE CITY TAVERN FOR THE USE OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACQUIRE, RESTORE AND MAINTAIN THE HISTORIC PROPERTY KNOWN AS THE CITY TAVERN FOR THE USE OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Lemon Governor | Trustee | 2 | $0 |
Ben Jarett Governor | Trustee | 5 | $0 |
Cynthia Bader Governor | Trustee | 2 | $0 |
Paul Thrasher Past President | Officer | 1 | $0 |
Lawrance Washington President/treasurer | Officer | 20 | $0 |
Melissa Clark Secretary | Officer | 5 | $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 | $372,095 |
| Investment income | $41 |
| 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 | $410,857 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $782,993 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $474,809 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $51,589 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,419 |
| Fees for services: Accounting | $36,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,283 |
| Office expenses | $23,499 |
| Information technology | $19,700 |
| Royalties | $0 |
| Occupancy | $64,106 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $349,233 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,712 |
| Insurance | $83,472 |
| All other expenses | $40,594 |
| Total functional expenses | $1,352,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,168 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $164,355 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,177 |
| Prepaid expenses and deferred charges | $17,904 |
| Net Land, buildings, and equipment | $345,644 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $48,568 |
| Other assets | $81,300 |
| Total assets | $706,116 |
| Accounts payable and accrued expenses | $233,079 |
| Grants payable | $0 |
| Deferred revenue | $68,160 |
| 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 | $4,999,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,301,139 |
| Net assets without donor restrictions | -$4,595,023 |
| 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 | $706,116 |