Boston Club
- Assets
- $3.2m
- Revenue
- $1.5m
- Investments
- $311.0k
- Employees
- 15
- Location
- New Orleans, LA
- Founding
- 08/1934
- Data as of
- 10/2023
- EIN
- 72-0136070
Organization Overview
Boston Club is located in New Orleans, LA. The organization was established in 1934. 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 10/2023, Boston Club employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, Boston Club generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.3m during the year ending 10/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LUNCH, DINNER AND DRINK SERVICES FOR APPROXIMATELY 900 MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LUNCH, DINNER, AND DRINK SERVICES FOR APPROXIMATELY 900 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles N Lanier Jr Vice-President | OfficerTrustee | 0 | $0 |
Albert O Saulsbury IV Director | Trustee | 0 | $0 |
Thomas S Mabon President | OfficerTrustee | 0 | $0 |
Wesley A Walk Director | Trustee | 0 | $0 |
Jesse R Adams III Secretary | OfficerTrustee | 0 | $0 |
Henry Elder Brown III Director | Trustee | 0 | $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 | $8,360 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,360 |
| Total Program Service Revenue | $1,503,138 |
| Investment income | $26,357 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,861 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,532,994 |
| 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 | $142,332 |
| Other salaries and wages | $289,462 |
| Pension plan accruals and contributions | $31,733 |
| Other employee benefits | $65,114 |
| Payroll taxes | $44,011 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $44,645 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,596 |
| 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 | $58,848 |
| Insurance | $136,841 |
| All other expenses | $146,665 |
| Total functional expenses | $1,325,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,254 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,111 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,192 |
| Prepaid expenses and deferred charges | $105,501 |
| Net Land, buildings, and equipment | $1,689,083 |
| Investments—publicly traded securities | $787,890 |
| Investments—other securities | $311,014 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,005 |
| Total assets | $3,165,050 |
| Accounts payable and accrued expenses | $28,612 |
| 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 | $94,679 |
| Total liabilities | $123,291 |
| Net assets without donor restrictions | $3,041,759 |
| 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 | $3,165,050 |