Stanford Faculty Club
- Assets
- $1.7m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Stanford, CA
- Founding
- 05/1968
- Data as of
- 08/2021
- EIN
- 94-1187089
Organization Overview
Stanford Faculty Club is located in Stanford, CA. The organization was established in 1968. 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. Stanford Faculty Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2021, Stanford Faculty Club generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $1.4m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (16.7%) per year over the past 6 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
PLEASE SEE PART III, LINE 1 FOR FULL MISSION STATEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE STANFORD FACULTY CLUB SHALL BE TO PROMOTE THE SOCIAL INTERACTION AND INTELLECTUAL INTEREST OF ITS MEMBERS THROUGH SOCIAL AND EDUCATIONAL ACTIVITIES AND PROVIDE A COMMON GATHERING PLACE FOR BROAD STANFORD UNIVERSITY COMMUNITY INTERACTION, MEETINGS, AND FACILITIES FOR DINING AND RECEPTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Gibbs Secretary | OfficerTrustee | 4 | $0 |
Reginald Mitchell Vice President | OfficerTrustee | 4 | $0 |
Ray Purpur President | OfficerTrustee | 4 | $0 |
David Captain Treasurer | OfficerTrustee | 4 | $0 |
Tim Warner Director | Trustee | 4 | $0 |
James Harris Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $538,404 |
| 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 | $538,404 |
| Total Program Service Revenue | $233,587 |
| 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 | $1,259,502 |
| 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 | $531,950 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $163,081 |
| Payroll taxes | $39,923 |
| Fees for services: Management | $58,940 |
| Fees for services: Legal | $8,018 |
| Fees for services: Accounting | $9,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $785 |
| Office expenses | $26,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $103 |
| 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 | $199,996 |
| Insurance | $6,752 |
| All other expenses | $71,361 |
| Total functional expenses | $1,444,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,070 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $145,799 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,707 |
| Prepaid expenses and deferred charges | $237,579 |
| Net Land, buildings, and equipment | $659,962 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $676,712 |
| Total assets | $1,737,829 |
| 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 | $1,035,556 |
| Total liabilities | $1,035,556 |
| 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 | $702,273 |
| Total liabilities and net assets/fund balances | $1,737,829 |
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