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Nonprofiteer
← METROPOLITAN CLUB FOUNDATION INC

Form 990 for tax year 2024

Filed by METROPOLITAN CLUB FOUNDATION INC.

Totals

Total revenue
$648,070
Total expenses
$304,550
Contributions and grants received
$47,872
Grants paid
$83,714
Program service revenue
$269,152
Investment income
$331,046
Other revenue
$0
Total assets, end of year
$3,747,941
Total liabilities, end of year
$109,025
Net assets or fund balances, end of year
$3,638,916
Program services expenses (Part IX)
$216,426
Management and general expenses
$88,124
Fundraising expenses
$0
Program service expenses (Part III)
$216,426

Program services were 71.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $47,872

  • 2a · Program service revenue: VENDOR SHOW EXPOSITION

    total $265,402 · excluded $265,402

  • 2b · Program service revenue: WORKSHOPS

    total $3,750 · excluded $3,750

  • 3 · Investment income

    total $237,294 · excluded $237,294

  • 7a · Gross sales of assets other than inventory

    securities $354,050

  • 7b · Less cost or other basis and sales expenses

    securities $260,298

  • 7c · Gain or loss

    securities $93,752

  • 7d · Net gain or loss

    total $93,752 · excluded $93,752

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $35,917 · program services $35,917

  • 2 · Grants to domestic individuals

    total $47,797 · program services $47,797

  • 7 · Other salaries and wages

    total $50,501 · management and general $50,501

  • 10 · Payroll taxes

    total $4,112 · management and general $4,112

  • 11c · Fees: accounting

    total $23,092 · management and general $23,092

  • 23 · Insurance

    total $7,938 · management and general $7,938

  • 24a · Other expenses: VENDOR SHOW EXPOSITION

    total $113,135 · program services $113,135

  • 24b · Other expenses: WORKSHOPS/SPEAKERS EXPE

    total $19,577 · program services $19,577

  • 24c · Other expenses: MISCELLANEOUS

    total $2,481 · management and general $2,481

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $73,725 · end of year $165,433

  • 4 · Accounts receivable

    beginning of year $16,025 · end of year $12,887

  • 11 · Investments: publicly traded securities

    beginning of year $3,128,091 · end of year $3,569,621

  • 17 · Accounts payable and accrued expenses

    beginning of year $100,732 · end of year $109,025

  • 27 · Net assets without donor restrictions

    beginning of year $3,048,765 · end of year $3,570,572

  • 28 · Net assets with donor restrictions

    beginning of year $68,344 · end of year $68,344

Mission and programs · 2024

Mission

THE METROPOLITAN CLUB FOUNDATION (THE "FOUNDATION"), INC. WAS FORMED FOR THE FOLLOWING PURPOSES: TO SUPPORT EDUCATIONAL PROGRAMS FOR CLUB MANAGERS AND ASSISTANT MANAGERS; TO FURTHER THE CLUB MANAGEMENT PROFESSION; (CONTINUED ON SCHEDULE O).TO PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS FROM THE PUBLIC SECTOR, INCLUDING MINORITIES, INTERESTED IN THE CLUB AND HOSPITALITY FIELDS AND IN DOING SO, CREATE A GREATER PUBLIC AWARENESS OF PROFESSIONAL OPPORTUNITIES; TO PROMOTE THE CLUB MANAGEMENT PROFESSION THROUGH ACADEMIC PROGRAMS OFFERED BY COMMUNITY COLLEGES, CULINARY SCHOOLS AND UNIVERSITIES BOTH IN NEW YORK AND OTHER STATES; TO COOPERATE IN THE DISSEMINATION OF PROFESSIONAL INFORMATION TO ALLIED ASSOCIATIONS, ACADEMIC INSTITUTIONS AND OTHER GROUPS INVOLVED WITH THE HOSPITALITY FIELD; TO OFFER LIMITED ASSISTANCE TO CLUB MANAGEMENT PROFESSIONALS AND THEIR FAMILIES FACING CATASTROPHIC AND DEVASTATING SITUATIONS DUE TO ILLNESS, DISASTER OR DEATH OF A FAMILY MEMBER.

Activities or mission (Part I)

TO SUPPORT EDUCATIONAL PROGRAMS FOR CLUB MANAGERS

  • VENDOR SHOW - AN ANNUAL TRADE SHOW FEATURING VENDORS SHOWCASE CLUB SPECIFIC PRODUCTS. ATTENDEES OF THE SHOW INCLUDE MANAGEMENT STAFF FROM AREA CLUBS.

    Expenses $113,135 · Revenue $265,402

  • EDUCATION AND SCHOLARSHIPS.

    Expenses $83,714 · Grants $83,714

  • FOUNDATION HOSTS THREE WORKSHOPS A YEAR TO PROVIDE EDUCATIONAL PROGRAMS TO FURTHER THE CLUB MANAGEMENT PROFESSION. THESE 6-HOUR WORKSHOPS ARE OPEN TO THE MEMBERSHIP AND GUESTS AND TAUGHT BY LEADING INDUSTRY EXPERTS.

    Expenses $19,577 · Revenue $3,750

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Barry L Chandler

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Randall J Ruder Ccm Cce

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Robert Kasara Ccm

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Todd Zorn Ccm

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John Bladt Ccm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Colin A Burns Ccm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles D Dorn Ccm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert C James Ccm Cce Che

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Martocci Ccm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donald Mollitor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Craig Ruhling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Saalman CFP Crpc

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lori Sahagian Ccm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gene Westmoreland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Burton Ward Ccm Cce

    PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349314137

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