Knickerbocker Club INC

Not tax-deductible

New York, NY501(c)(7)Since 1871Mutual / membership EIN 13-0923655Revenue $9.2M in FY2024

On file with the IRS2 E 62nd St, 10065-7203 · New York, NYTax-exempt since Jul 1942

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To maintain and conduct a Club for the pleasure and recreation of its members.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Run by 25 volunteers and 80 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $1.0M a year · 13% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$1.6M
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $2.3M in investments, Pt X · Ln 11–13
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $700
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.2M
82% of total assets
Concern: liabilities are 82% of assets; over 80%.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.2M
-6% vs prior year
Spent
$11.5M
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$9.2M
FY2024▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.1M
FY2021$7.2M
FY2022$8.9M
FY2023$9.8M
FY2024$9.2M
Expenses
$11.5M
FY2024▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.6M
FY2021$6.8M
FY2022$8.3M
FY2023$13.2M
FY2024$11.5M
Net assets
$1.3M
FY2024▼ -62%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.2M
FY2021$8.1M
FY2022$7.1M
FY2023$3.5M
FY2024$1.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1942.

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

Who runs it and what they're paid

31 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
General Manager
$665,525Pt VII · Sec A
Executive Chef
$262,809Pt VII · Sec A
Controller
$216,841Pt VII · Sec A
Director of Restaurant
$157,727Pt VII · Sec A
Private Event Manager
$146,007Pt VII · Sec A
Direct of F&b
$141,718Pt VII · Sec A
Board of Governor
$0Pt VII · Sec A
Board of Governor
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jean-Luc Deguines$665,525$609,550$556,454$509,398$462,460
David Paulstich$262,809$259,735$246,998$233,536—
Asther Lee$216,841$210,149$194,341$164,515—
David E Paulstich————$214,550
Heather O'Laughlin——$168,160——
Roger Rice$157,727$156,415$149,632$138,940—
Heather Koehle———$148,600$129,874
Alexander McCormick$146,007————

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 15aYes

Programs and updates

Provides a club for members' enjoyment and recreation.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Tax exempt club activities.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$700
Grants paid · 5 grants · $2.2M · 2020–2024

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$9.2M
Ln 12
Fees for servicesLn 2g$4.7M
Other incomeLn 4–11$3.8M
Investment incomeLn 3$616K
Money outPt IX
$11.5M
Ln 25
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$7.6M
LiabilitiesLn 26$6.2M
PeoplePt VI, VII
31
listed · VII A
PaidVII A6
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$148K
Fees for servicesLn 2g$4.7M
Investment incomeLn 3$616K
Other incomeLn 4–11$3.8M
Gains on assetsLn 7$480K
Total revenueLn 12$9.2M
Assets in detailPt X, end of year
CashLn 1$488K
SavingsLn 2$684K
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$2.3M
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$605K
Total assetsLn 16$7.6M
LiabilitiesLn 26$6.2M
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 580
VolunteersI 625
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$517K$1.2M
InvestmentsLn 11–13$3.3M$2.3M
Land, buildings, equipmentLn 10c$1.3M$1.3M
Total assetsLn 16$10.7M$7.6M
LiabilitiesLn 26$7.2M$6.2M
Net assetsLn 32$3.5M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$16K
Pay of current officers, directors and key staffLn 5$728K
Other salaries and wagesLn 7$3.4M
Pension plan contributionsLn 8$257K
Other employee benefitsLn 9$870K
Payroll taxesLn 10$429K
Legal feesLn 11b$12K
Accounting feesLn 11c$15K
Other fees for servicesLn 11g$53K
Office expensesLn 13$112K
OccupancyLn 16$563K
InterestLn 20$135K
Depreciation, depletion and amortizationLn 22$133K
InsuranceLn 23$315K
Other expenses (24a–d)Ln 24$4.3M
All other expensesLn 24e$122K
Total functional expensesLn 25$11.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $9.2M$11.5M−$2.3M$1.3M 990 PDF
FY2023 $9.8M$13.2M−$3.4M$3.5M 990 PDF
FY2022 $8.9M$8.3M$599K$7.1M 990 PDF
FY2021 $7.2M$6.8M$413K$8.1M 990 PDF
FY2020 $5.1M$5.6M−$518K$7.2M 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 J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $9,219,984 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $102,421$147,513
I-9 Program service revenuePrior year $4,441,449$4,663,041
I-10 Investment incomePrior year $1,088,744$616,473
I-11 Other revenuePrior year $4,208,985$3,792,957
I-12 Total revenuePrior year $9,841,599$9,219,984
I-13 Grants and similar amounts paidPrior year $1,062,061$16,318
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,448,701$5,728,255
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,712,230$5,745,404
I-18 Total expensesPrior year $13,222,992$11,489,977
I-19 Revenue less expensesPrior year −$3,381,393−$2,269,993
Part VI · Governance 25 of 25 board members independent, no flags
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $9,219,984 across 7 lines filed
Lines not itemized here account for $3,790,743 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$147,513
VIII-1h Total contributions, gifts and grants$147,513
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,663,041$4,663,041
VIII-3 Investment incomeUnrelated business $135,975$135,975
VIII-7 Net gain or loss on sales of assetsUnrelated business $480,498$480,498
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,214$2,214
VIII-12 Total revenueRelated to mission $7,459,166 · Unrelated business $1,611,091 · Excluded from tax $2,214$9,219,984
Part IX · Statement of functional expenses $11,489,977 across 16 lines filed
IX-1 Grants to domestic organizations$16,318
IX-5 Pay of current officers, directors and key staff$727,626
IX-7 Other salaries and wages$3,445,206
IX-8 Pension plan contributions$256,504
IX-9 Other employee benefits$869,582
IX-10 Payroll taxes$429,337
IX-11b Legal fees$11,951
IX-11c Accounting fees$15,000
IX-11g Other fees for services$52,981
IX-13 Office expenses$111,966
IX-16 Occupancy$562,670
IX-20 Interest$134,714
IX-22 Depreciation, depletion and amortization$132,737
IX-23 Insurance$314,755
IX-24 Other expenses (24a–d)$4,287,093
IX-24e All other expenses$121,537
IX-25 Total functional expenses$11,489,977
Part X · Balance sheet $7,556,728 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $436,418$488,345
X-2 Savings and temporary cash investmentsStart of year $80,595$683,587
X-4 Accounts receivableStart of year $1,434,429$1,009,881
X-8 Inventories for sale or useStart of year $786,712$770,877
X-9 Prepaid expenses and deferred chargesStart of year $258,129$388,567
X-10c Land, buildings and equipment, netStart of year $1,349,575$1,279,774
X-11 Publicly traded securitiesStart of year $3,334,585$2,330,556
X-15 Other assetsStart of year $3,051,713$605,141
X-16 Total assetsStart of year $10,732,156$7,556,728
X-17 Accounts payable and accrued expensesStart of year $2,416,271$1,699,712
X-25 Other liabilitiesStart of year $4,781,492$4,510,511
X-26 Total liabilitiesStart of year $7,197,763$6,210,223
X-27 Net assets without donor restrictionsStart of year $3,388,302$1,181,415
X-28 Net assets with donor restrictionsStart of year $146,091$165,090
X-32 Total net assets or fund balancesStart of year $3,534,393$1,346,505
X-33 Total liabilities and net assetsStart of year $10,732,156$7,556,728
Part XI · Reconciliation of net assets $1,346,505 net assets at year end
XI-1 Total revenue$9,219,984
XI-2 Total expenses$11,489,977
XI-3 Revenue less expenses−$2,269,993
XI-4 Net assets at start of year$3,534,393
XI-5 Net unrealized gains (losses) on investments$82,105
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,346,505

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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