Civic Intelligence

The Fay Club

990 • Fiscal year 2014 • EIN 04-1304140

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 30, 2014

658 Main StreetFitchburg, MA 01420

(978) 345-4537

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

1.59x

Higher debt load relative to assets than 98% of similar nonprofits.

2014 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

79th percentile

0.88x

Higher debt load relative to revenue than 79% of similar nonprofits.

2014 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2014

Net Margin

4th percentile

-29%

Higher net margin than 4% of similar nonprofits.

2014 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2014

Asset Growth

12th percentile

-8.6%

Faster asset growth than 12% of similar nonprofits.

2014 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

33rd percentile

-2.3%

Faster revenue growth than 33% of similar nonprofits.

2014 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$139,434

Down $13,154 (-8.6%) from 2013

Net Assets

Down

-$82,276

Down $71,761 (-682%) from 2013

Liabilities

Up

$221,710

Up $58,607 (+36%) from 2013

Revenue

Down

$250,745

Down $5,973 (-2.3%) from 2013

Expenses

Up

$322,506

Up $5,936 (+1.9%) from 2013

Net Income

Down

-$71,761

Down $11,909 (-20%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500KAssets 2011: $257,994Liabilities 2011: $164,519Net Assets 2011: $93,4752011Assets 2012: $209,396Liabilities 2012: $130,614Net Assets 2012: $78,7822012Assets 2013: $152,588Liabilities 2013: $163,103Net Assets 2013: -$10,5152013Assets 2014: $139,434Liabilities 2014: $221,710Net Assets 2014: -$82,2762014Assets 2015: $108,470Liabilities 2015: $241,366Net Assets 2015: -$132,8962015Assets 2016: $56,891Liabilities 2016: $237,965Net Assets 2016: -$181,0742016Assets 2017: $111,146Liabilities 2017: $296,916Net Assets 2017: -$185,7702017Assets 2018: $107,298Liabilities 2018: $280,368Net Assets 2018: -$173,0702018Assets 2019: $97,558Liabilities 2019: $231,877Net Assets 2019: -$134,3192019Assets 2020: $118,686Liabilities 2020: $258,053Net Assets 2020: -$139,3672020Assets 2021: $158,044Liabilities 2021: $315,845Net Assets 2021: -$157,8012021Assets 2022: $152,496Liabilities 2022: $225,369Net Assets 2022: -$72,8732022Assets 2023: $341,018Liabilities 2023: $216,864Net Assets 2023: $124,1542023Assets 2024: $586,990Liabilities 2024: $223,016Net Assets 2024: $363,9742024Assets 2025: $763,611Liabilities 2025: $210,899Net Assets 2025: $552,7122025

Highlighted filing

2014

Assets$139,434
Liabilities$221,710
Net Assets-$82,276

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $292,665Expenses 2011: $345,491Net Income 2011: -$52,8262011Expenses 2012: $344,5642012Revenue 2013: $256,718Expenses 2013: $316,570Net Income 2013: -$59,8522013Revenue 2014: $250,745Expenses 2014: $322,506Net Income 2014: -$71,7612014Revenue 2015: $232,855Expenses 2015: $283,899Net Income 2015: -$51,0442015Revenue 2016: $9,119Expenses 2016: $57,297Net Income 2016: -$48,1782016Revenue 2017: $379,366Expenses 2017: $384,062Net Income 2017: -$4,6962017Revenue 2018: $430,346Expenses 2018: $417,646Net Income 2018: $12,7002018Revenue 2019: $382,462Expenses 2019: $343,711Net Income 2019: $38,7512019Revenue 2020: $305,301Expenses 2020: $310,349Net Income 2020: -$5,0482020Revenue 2021: $300,540Expenses 2021: $318,974Net Income 2021: -$18,4342021Revenue 2022: $416,111Expenses 2022: $298,879Net Income 2022: $117,2322022Revenue 2023: $448,401Expenses 2023: $251,374Net Income 2023: $197,0272023Revenue 2024: $464,458Expenses 2024: $224,638Net Income 2024: $239,8202024Revenue 2025: $396,038Expenses 2025: $207,300Net Income 2025: $188,7382025

Highlighted filing

2014

Revenue$250,745
Expenses$322,506
Net Income-$71,761
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 30, 2014
Return Version
2013v3.1
Gross Receipts
$506,911
Mission and Program Overview

Mission

SOCIAL CLUB

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$58,816$49,590▼ $9,226
Accounts Receivable$27,312$24,995▼ $2,317
Cash and Non-Interest-Bearing Accounts$13,863$17,804▲ $3,941
Inventories for Sale or Use$16,774$16,647▼ $127
Intangible Assets$23,231$15,577▼ $7,654
Prepaid Expenses and Deferred Charges$6,319$8,527▲ $2,208
Savings and Temporary Cash Investments$6,273$6,294▲ $21
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Rtn Earn Endowment Incm Other Fnds$-10,515$-82,276▼ $71,761
Total Assets$152,588$139,434▼ $13,154
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$121,637$194,740▲ $73,103
Accounts Payable and Accrued Expenses$41,466$26,970▼ $14,496
Total Liabilities$163,103$221,710▲ $58,607
Net Assets / Fund Balance
Total Net Assets Fund Balance$-10,515$-82,276▼ $71,761
Total Liabilities and Net Assets / Fund Balance$152,588$139,434▼ $13,154

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,228$278,940$284,168
Leasehold Improvements$44,362$96,210$140,572
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joseph G SovaPresident
Rick BrackettVice President
Ashok HingoranyDirector
Christie ConnorsDirector
Deborah PhillipsDirector
Donald LegerDirector
Donna WarshawDirector
Kevin MeehanDirector
Norm WironenDirector
Phyllis LeblancDirector
Susan GagneDirector
Kenneth GurgeSecretary
Janet ChambersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$229,294
Investment Income
$21
Other Revenue
$21,430
Change in Net Assets
$-71,761
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$166,147
Salaries, Compensation, and Employee Benefits$156,359
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$156,359
Occupancy---$55,830
Insurance---$16,955
Depreciation Depletion---$16,882
Interest---$13,762
Office Expenses---$11,154
All Other Expenses---$6,296
Other Expenses---$4,702
Advertising---$1,324
Conferences and Meetings---$322
Total Functional Expenses$0$0$0$322,506
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The organization is a social club which is made up of members who pay dues to belong.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

The officers and board of directors are nominated by the nominating committee and the members vote these nominees to the board of directors at the annual meeting.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

SEE LINE 7A ABOVE.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is presented and reviewed with the board of directors prior to filing the returns.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation of the club manager and head chef is determined by the personnel committee along with the input of the board of directors.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

SEE 15 A ABOVE.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

EIN
04-1304140
Phone
9783454537

Signing Officer

Name
Janet Chambers
Title
Treasurer
Signed
2014-10-30
Discuss with paid preparer
Yes

Organization Details

Formed
1910
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
13
Employees
24

Preparer

Preparer
Kenneth P Basque CPA
Phone
9785344095
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0RESTAURANT SUPPLIES
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2REPAIRS & BLDG MAINT.
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL FEES
IRS990/OtherExpensesGrp/TotalAmt019833
IRS990/OtherExpensesGrp/TotalAmt19924
IRS990/OtherExpensesGrp/TotalAmt29163
IRS990/OtherExpensesGrp/TotalAmt34702
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0156359
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06319
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08527
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES & ASSESSM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0229294
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0229294
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt028
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0158344
IRS990/PYOtherRevenueAmt014113
IRS990/PYProgramServiceRevenueAmt0242577
IRS990/PYRevenuesLessExpensesAmt0-59852
IRS990/PYSalariesCompEmpBnftPaidAmt0158226
IRS990/PYTotalExpensesAmt0316570
IRS990/PYTotalRevenueAmt0256718
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-71761
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-10515
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-82276
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06273
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06294
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt044362
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt096210
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0140572
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05228
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0278940
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0284168
IRS990ScheduleD/TotalBookValueLandBuildingsAmt049590
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A SOCIAL CLUB WHICH IS MADE UP OF MEMBERS WHO PAY DUES TO BELONG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE OFFICERS AND BOARD OF DIRECTORS ARE NOMINATED BY THE NOMINATING COMMITTEE AND THE MEMBERS VOTE THESE NOMINEES TO THE BOARD OF DIRECTORS AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SEE LINE 7A ABOVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS PRESENTED AND REVIEWED WITH THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION OF THE CLUB MANAGER AND HEAD CHEF IS DETERMINED BY THE PERSONNEL COMMITTEE ALONG WITH THE INPUT OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SEE 15 A ABOVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0152588
IRS990/TotalAssetsEOYAmt0139434
IRS990/TotalAssetsGrp/BOYAmt0152588
IRS990/TotalAssetsGrp/EOYAmt0139434
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0322506
IRS990/TotalGrossUBIAmt0655
IRS990/TotalLiabilitiesBOYAmt0163103
IRS990/TotalLiabilitiesEOYAmt0221710
IRS990/TotalLiabilitiesGrp/BOYAmt0163103
IRS990/TotalLiabilitiesGrp/EOYAmt0221710
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-10515
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-82276
IRS990/TotalProgramServiceRevenueAmt0229294
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0250090
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0250745
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0655
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0152588
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0139434
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0www.thefayclub.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JANET CHAMBERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-30
ReturnHeader/Filer/BusinessName/BusinessNameLine10THE FAY CLUB
ReturnHeader/Filer/BusinessNameControlTxt0FAYC
ReturnHeader/Filer/EIN0041304140
ReturnHeader/Filer/PhoneNum09783454537
ReturnHeader/Filer/USAddress/AddressLine10658 MAIN STREET
ReturnHeader/Filer/USAddress/City0FITCHBURG
ReturnHeader/Filer/USAddress/State0MA
ReturnHeader/Filer/USAddress/ZIPCode001420
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10REAGAN & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1098 Adams ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Leominster
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode001453
ReturnHeader/PreparerPersonGrp/PhoneNum09785344095

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.64$2.11$5.53$3.96$2.07$1.89
2024Detailed filing. Detailed filing data is available for this year.$5.87$2.23$3.64$4.64$2.25$2.40
2023Detailed filing. Detailed filing data is available for this year.$3.41$2.17$1.24$4.48$2.51$1.97
2022Detailed filing. Detailed filing data is available for this year.$1.52$2.25$0.73$4.16$2.99$1.17
2021Detailed filing. Detailed filing data is available for this year.$1.58$3.16$1.58$3.01$3.19$0.18
2020Detailed filing. Detailed filing data is available for this year.$1.19$2.58$1.39$3.05$3.10$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.98$2.32$1.34$3.82$3.44$0.39
2018Detailed filing. Detailed filing data is available for this year.$1.07$2.80$1.73$4.30$4.18$0.13
2017Detailed filing. Detailed filing data is available for this year.$1.11$2.97$1.86$3.79$3.84$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.57$2.38$1.81$0.09$0.57$0.48
2015Detailed filing. Detailed filing data is available for this year.$1.08$2.41$1.33$2.33$2.84$0.51
2014Detailed filing. Detailed filing data is available for this year.$1.39$2.22$0.82$2.51$3.23$0.72
2013Summary only. Only limited summary data is available for this year.$1.53$1.63$0.11$2.57$3.17$0.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$1.31$0.79$3.45
2011Summary only. Only limited summary data is available for this year.$2.58$1.65$0.93$2.93$3.45$0.53