Fay Club FY2021 filing

Not tax-deductible

Fitchburg, MA501(c)(7)Mutual / membership EIN 04-1304140Revenue $301K in FY2021Latest return filed Jan 13, 2026

On file with the IRSthefayclub.comPo Box 54, 01420-0001 · Fitchburg, MATax-exempt since Jan 1947

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501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Status: IRS Pub. 78

Before you give

FY2021 · 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
4 of 6
filings with a surplus
Average surplus $120K a year · 31% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$316K
200% of total assets
Concern: liabilities are 200% of assets; over 80%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$301K
-2% vs prior year
Spent
$319K
Net assets
−$158K
By yearFY2020–FY2025
Revenue
$301K
FY2021▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$305K
FY2021$301K
FY2022$416K
FY2023$448K
FY2024$464K
FY2025$396K
Expenses
$319K
FY2021▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$310K
FY2021$319K
FY2022$299K
FY2023$251K
FY2024$225K
FY2025$207K
Net assets
−$158K
FY2021▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020−$139K
FY2021−$158K
FY2022−$73K
FY2023$124K
FY2024$364K
FY2025$553K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 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 Jan 1947.

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

Who runs it and what they're paid

24 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Fay Club executive salaries →

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 15aYes
  • Loans to or from officersSch L · Pt II6 listed

Programs and updates

Fay Club is a member-serving organization based in Fitchburg, MA.

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2 programs · in their own filed words · FY2020
01

Social club

Pt IX · col B
02

Social club

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$301K
Ln 12
Other incomeLn 4–11$185K
Fees for servicesLn 2g$105K
Gifts and grantsLn 1h$10K
Money outPt IX
$319K
Ln 25
Owns and owesPt X
−$158K
net assets · Ln 32
Cash and savingsLn 1–2$101K
Total assetsLn 16$158K
LiabilitiesLn 26$316K
PeoplePt VI, VII
24
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Fees for servicesLn 2g$105K
Investment incomeLn 3$1
Other incomeLn 4–11$185K
Total revenueLn 12$301K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$101K
Total assetsLn 16$158K
LiabilitiesLn 26$316K
Net assetsLn 32−$158K
OperationsPt I, VI
EmployeesI 58
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jan 13, 2026 $396K$207K$189K$553K 990 PDF
FY2024Filed with the IRS May 15, 2025 $464K$225K$240K$364K 990 PDF
FY2023Filed with the IRS May 15, 2024 $448K$251K$197K$124K 990 PDF
FY2022Filed with the IRS May 15, 2023 $416K$299K$117K−$73K 990 PDF
FY2021 ViewingFiled with the IRS May 13, 2022 $301K$319K−$18K−$158K 990 PDF
FY2020Filed with the IRS Feb 19, 2021 $305K$310K−$5K−$139K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support O · Explanations
See the full FY2021 990 (1 part)
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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