Cold Spring Athletic Club FY2023 filing

Not tax-deductible

Plymouth, MA501(c)(7)Since 1933Mutual / membership EIN 04-1191330Revenue $243K in FY2023

On file with the IRS26 Lothrop St, 02360-4017 · Plymouth, MATax-exempt since Nov 1972

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501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
76¢ of each $1 spent went to programs.
$22K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $13K a year · 6% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$22K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
16 mo
of spending, in cash
Looks good: 16.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$243K
+17% vs prior year
Spent
$234K
To programs
76%
Net assets
$812K
By yearFY2021–FY2025
Revenue
$243K
FY2023▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2021$220K
FY2022$209K
FY2023$243K
FY2024$171K
FY2025$177K
Expenses
$234K
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2021$170K
FY2022$230K
FY2023$234K
FY2024$219K
FY2025$230K
Net assets
$812K
FY2023▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2021$824K
FY2022$803K
FY2023$812K
FY2024$797K
FY2025$754K

From the FY2023 Form 990 (year ending June 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1972.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $178K Management & general 20% · $46K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $22K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$20,200Pt VII · Sec A
$1,500Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Sean Grealis———$19,500$20,250
George Zmudzien$18,200$18,950$20,200——
Joseph Ottino——$1,500$1,500$1,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Cold Spring Athletic Club is a member-serving organization based in Plymouth, MA, formed in 1933.

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Provided by the organization

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1 program · $178K · in their own filed words · FY2022
01

The club provides new equipment and regular maintenance of a club house and equipment for the exclusive use of its members. Further, the club makes contributions to community charities, youth sporting programs and to other charitable organizations.

$178Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$243K
Ln 12
Other incomeLn 4–11$198K
Gifts and grantsLn 1h$37K
Investment incomeLn 3$9K
Money outPt IX
$234K
Ln 25
Programscol B$178K
Managementcol C$46K
Owns and owesPt X
$812K
net assets · Ln 32
Cash and savingsLn 1–2$313K
Total assetsLn 16$812K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$37K
Investment incomeLn 3$9K
Other incomeLn 4–11$198K
Total revenueLn 12$243K
Assets in detailPt X, end of year
CashLn 1$92K
SavingsLn 2$221K
Cash and savings togetherLn 1–2$313K
InvestmentsLn 11–13$246K
Land, buildings, equipmentLn 10c$177K
Other assetsLn 15$59K
Total assetsLn 16$812K
LiabilitiesLn 26$0
Net assetsLn 32$812K
OperationsPt I, VI
EmployeesI 514
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$374K$313K
InvestmentsLn 11–13$227K$246K
Land, buildings, equipmentLn 10c$186K$177K
Total assetsLn 16$805K$812K
LiabilitiesLn 26$2K$0
Net assetsLn 32$803K$812K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$22K$22K
Payroll taxesLn 10$15K$15K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$200$200
Office expensesLn 13$1K$1K
OccupancyLn 16$106K$106K
InterestLn 20$29$29
Depreciation, depletion and amortizationLn 22$9K
InsuranceLn 23$25K$25K
Other expenses (24a–d)Ln 24$23K$23K
All other expensesLn 24e$23K$23K
Total functional expensesLn 25$234K$178K$46K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $177K$230K−$53K$754K 990 PDF
FY2024 $171K$219K−$48K$797K 990 PDF
FY2023 Viewing $243K$234K$10K$812K 990 PDF
FY2022 $209K$230K−$21K$803K 990 PDF
FY2021 $220K$170K$50K$824K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $243,143 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $38,170$37,045
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $17,046$8,582
I-11 Other revenuePrior year $153,361$197,516
I-12 Total revenuePrior year $208,577$243,143
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $22,789$36,418
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $206,711$197,155
I-18 Total expensesPrior year $229,500$233,573
I-19 Revenue less expensesPrior year −$20,923$9,570
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $243,143 across 5 lines filed
Lines not itemized here account for $123,600 of total revenue; see the IRS return.
VIII-1b Membership dues$37,045
VIII-1h Total contributions, gifts and grants$37,045
VIII-3 Investment incomeRelated to mission $8,582$8,582
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $73,916$73,916
VIII-12 Total revenueRelated to mission $206,098 · Unrelated business $0 · Excluded from tax $0$243,143
Part IX · Statement of functional expenses $233,573 across 12 lines filed
IX-5 Pay of current officers, directors and key staffManagement $21,700$21,700
IX-10 Payroll taxesManagement $14,718$14,718
IX-11b Legal feesManagement $7,552$7,552
IX-11c Accounting feesManagement $1,050$1,050
IX-12 Advertising and promotionPrograms $200$200
IX-13 Office expensesManagement $1,289$1,289
IX-16 OccupancyPrograms $106,268$106,268
IX-20 InterestPrograms $29$29
IX-22 Depreciation, depletion and amortization$9,352
IX-23 InsurancePrograms $24,693$24,693
IX-24 Other expenses (24a–d)Programs $23,405$23,405
IX-24e All other expensesPrograms $23,317$23,317
IX-25 Total functional expensesPrograms $177,912 · Management $46,309 · Fundraising $0$233,573
Part X · Balance sheet $812,375 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $25,029$91,824
X-2 Savings and temporary cash investmentsStart of year $348,714$220,803
X-8 Inventories for sale or useStart of year $17,500$17,500
X-10c Land, buildings and equipment, netStart of year $186,152$176,800
X-11 Publicly traded securitiesStart of year $226,958$246,255
X-15 Other assetsStart of year $250$59,193
X-16 Total assetsStart of year $804,603$812,375
X-17 Accounts payable and accrued expensesStart of year $1,798$0
X-26 Total liabilitiesStart of year $1,798$0
X-32 Total net assets or fund balancesStart of year $802,805$812,375
X-33 Total liabilities and net assetsStart of year $804,603$812,375
Part XI · Reconciliation of net assets $812,375 net assets at year end
XI-1 Total revenue$243,143
XI-2 Total expenses$233,573
XI-3 Revenue less expenses$9,570
XI-4 Net assets at start of year$802,805
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$812,375

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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