Conewango Club FY2022 filing

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To provide a social meeting place solely for the benefit of its members.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2022 · 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 $15K a year · 7% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$91K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$296K
+6% vs prior year
Spent
$252K
To programs
100%
Net assets
$730K
By yearFY2020–FY2024
Revenue
$296K
FY2022▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$128K
FY2021$280K
FY2022$296K
FY2023$236K
FY2024$213K
Expenses
$252K
FY2022▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$227K
FY2021$232K
FY2022$252K
FY2023$253K
FY2024$267K
Net assets
$730K
FY2022▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$636K
FY2021$685K
FY2022$730K
FY2023$713K
FY2024$659K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

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

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $252K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
House Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
Entertainment Chair
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Conewango Club executive salaries →

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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

Offers a social gathering space exclusively for members.

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Provided by the organization

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1 program · $252K · in their own filed words · FY2022
01

Providing a social meeting place solely for the benefit of its members.

$252Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$296K
Ln 12
Other incomeLn 4–11$211K
Gifts and grantsLn 1h$74K
Fees for servicesLn 2g$12K
Money outPt IX
$252K
Ln 25
Programscol B$252K
Owns and owesPt X
$730K
net assets · Ln 32
Cash and savingsLn 1–2$75K
Total assetsLn 16$821K
LiabilitiesLn 26$91K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$74K
Fees for servicesLn 2g$12K
Investment incomeLn 3$10
Other incomeLn 4–11$211K
Total revenueLn 12$296K
Assets in detailPt X, end of year
CashLn 1$68K
SavingsLn 2$7K
Cash and savings togetherLn 1–2$75K
Land, buildings, equipmentLn 10c$586K
Total assetsLn 16$821K
LiabilitiesLn 26$91K
Net assetsLn 32$730K
OperationsPt I, VI
EmployeesI 516
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$87K$75K
Land, buildings, equipmentLn 10c$612K$586K
Total assetsLn 16$819K$821K
LiabilitiesLn 26$135K$91K
Net assetsLn 32$685K$730K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$113K
Other employee benefitsLn 9$842
Payroll taxesLn 10$8K
Legal feesLn 11b$391
Accounting feesLn 11c$2K
Advertising and promotionLn 12$1K
Office expensesLn 13$14K
OccupancyLn 16$62K
Depreciation, depletion and amortizationLn 22$35K
InsuranceLn 23$1K
Other expenses (24a–d)Ln 24$14K
Total functional expensesLn 25$252K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $213K$267K−$54K$659K 990 PDF
FY2023 $236K$253K−$17K$713K 990 PDF
FY2022 Viewing $296K$252K$44K$730K 990 PDF
FY2021 $280K$232K$48K$685K 990 PDF
FY2020 $128K$227K−$99K$636K 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 FY2022 990 (6 parts)
Part I · Summary $296,434 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $73,500$73,879
I-9 Program service revenuePrior year $10,012$12,021
I-10 Investment incomePrior year $4$10
I-11 Other revenuePrior year $196,658$210,524
I-12 Total revenuePrior year $280,174$296,434
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 $108,930$121,495
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $122,901$130,530
I-18 Total expensesPrior year $231,831$252,025
I-19 Revenue less expensesPrior year $48,343$44,409
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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
Part VIII · Statement of revenue $296,434 across 7 lines filed
Lines not itemized here account for $130,049 of total revenue; see the IRS return.
VIII-1b Membership dues$73,879
VIII-1h Total contributions, gifts and grants$73,879
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,021$12,021
VIII-3 Investment incomeExcluded from tax $10$10
VIII-6 Net rental income or lossRelated to mission $15,471$15,471
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $65,004$65,004
VIII-12 Total revenueRelated to mission $204,221 · Unrelated business $18,324 · Excluded from tax $10$296,434
Part IX · Statement of functional expenses $252,025 across 11 lines filed
IX-6 Pay of disqualified persons$112,528
IX-9 Other employee benefits$842
IX-10 Payroll taxes$8,125
IX-11b Legal fees$391
IX-11c Accounting fees$2,160
IX-12 Advertising and promotion$1,366
IX-13 Office expenses$14,105
IX-16 Occupancy$61,607
IX-22 Depreciation, depletion and amortization$35,152
IX-23 Insurance$1,329
IX-24 Other expenses (24a–d)$14,420
IX-25 Total functional expenses$252,025
Part X · Balance sheet $821,402 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $79,501$67,859
X-2 Savings and temporary cash investmentsStart of year $7,309$7,310
X-3 Pledges and grants receivableStart of year $3,513$3,513
X-4 Accounts receivableStart of year $94,758$127,761
X-8 Inventories for sale or useStart of year $18,733$24,341
X-9 Prepaid expenses and deferred chargesStart of year $4,053$4,206
X-10c Land, buildings and equipment, netStart of year $611,604$586,412
X-16 Total assetsStart of year $819,471$821,402
X-17 Accounts payable and accrued expensesStart of year $34,679$42,450
X-24 Unsecured notes and loans payableStart of year $47,776$0
X-25 Other liabilitiesStart of year $52,109$48,925
X-26 Total liabilitiesStart of year $134,564$91,375
X-32 Total net assets or fund balancesStart of year $684,907$730,027
X-33 Total liabilities and net assetsStart of year $819,471$821,402
Part XI · Reconciliation of net assets $730,027 net assets at year end
XI-1 Total revenue$296,434
XI-2 Total expenses$252,025
XI-3 Revenue less expenses$44,409
XI-4 Net assets at start of year$684,907
XI-9 Other changes in net assets$711
XI-10 Net assets at end of year$730,027

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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