The Town Club
- Assets
- $7.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 46
- Location
- Portland, OR
- Founding
- 05/1929
- Data as of
- 10/2022
- EIN
- 93-0298400
Organization Overview
The Town Club is located in Portland, OR. The organization was established in 1929. 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 10/2022, Town Club employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Town Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2022, Town Club generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.5m during the year ending 10/2022. While expenses have increased by 3.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE MEMBERSHIP SOCIAL CLUB WHOSE ACTIVITIES ARE SOLELY FOR THE RECREATION, PLEASURE AND OTHER NONPROFITABLE PURPOSES OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE MEMBERSHIP SOCIAL CLUB WHOSE ACTIVITIES ARE SOLELY FOR THE RECREATION, PLEASURE AND OTHER NONPROFITABLE PURPOSES OF ITS MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Norstrom General Mana | Officer | 40 | $77,348 |
Jade Kiosse General Mana | Officer | 40 | $67,044 |
Mrs Mark D Fraser President | Officer | $0 | |
Dr Carol R Smith 1st Vice Pre | Officer | $0 | |
Mrs Norman D Duffett Treasurer | Officer | $0 | |
Ms Ann D Floweree Secretary | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $70,162 |
| 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 | $70,162 |
| Total Program Service Revenue | $1,462,326 |
| Investment income | $235,643 |
| 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 | -$23,573 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,773,282 |
| 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. | $144,392 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $392,547 |
| Pension plan accruals and contributions | $27,000 |
| Other employee benefits | $120,806 |
| Payroll taxes | $98,764 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,200 |
| Advertising and promotion | $0 |
| Office expenses | $38,593 |
| Information technology | $28,517 |
| Royalties | $0 |
| Occupancy | $61,750 |
| 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 | $148,618 |
| Insurance | $73,944 |
| All other expenses | $18,459 |
| Total functional expenses | $1,519,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $395,470 |
| Savings and temporary cash investments | $1,041,879 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,515 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $41,537 |
| Prepaid expenses and deferred charges | $62,531 |
| Net Land, buildings, and equipment | $2,629,623 |
| Investments—publicly traded securities | $2,998,886 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,247,441 |
| Accounts payable and accrued expenses | $273,991 |
| 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 | $273,991 |
| Net assets without donor restrictions | $5,309,877 |
| Net assets with donor restrictions | $1,663,573 |
| 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 | $7,247,441 |
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