Civic Intelligence

The Greenwich Water Club Inc

EIN 20-1379604 • 501(c)7 • Cos Cob, CT

Profile

To provide aquatic and fitness activities for club members.

49 River RoadCos Cob, CT 06807

www.greenwichwaterclub.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

1.00x

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

501(c)7 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

1st percentile

0.00x

Higher debt load relative to revenue than 1% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Source year 2025

Net Margin

26th percentile

0.0%

Higher net margin than 26% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$205,805

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

501(c)7 • $10M-$25M nonprofits • Source year 2025

Asset Growth

28th percentile

0.0%

Faster asset growth than 28% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

36th percentile

3.7%

Faster revenue growth than 36% of similar nonprofits.

501(c)7 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Flat

$2,550

Flat from 2024

Liabilities

Flat

$2,550

Flat from 2024

Net Assets

Flat

$0

Flat from 2024

Revenue

Up

$10,039,381

Up $360,366 (+3.7%) from 2024

Expenses

Up

$10,039,381

Up $360,366 (+3.7%) from 2024

Net Income

Flat

$0

Flat from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40K$30K$20K$10K$0Assets 2011: $34,734Liabilities 2011: $34,734Net Assets 2011: $02011Assets 2012: $34,734Liabilities 2012: $34,734Net Assets 2012: $02012Assets 2013: $34,734Liabilities 2013: $34,734Net Assets 2013: $02013Assets 2014: $34,734Liabilities 2014: $34,734Net Assets 2014: $02014Assets 2015: $34,734Liabilities 2015: $34,734Net Assets 2015: $02015Assets 2016: $34,734Liabilities 2016: $34,734Net Assets 2016: $02016Assets 2017: $34,734Liabilities 2017: $34,734Net Assets 2017: $02017Assets 2018: $34,734Liabilities 2018: $34,734Net Assets 2018: $02018Assets 2019: $34,734Liabilities 2019: $34,734Net Assets 2019: $02019Assets 2020: $34,734Liabilities 2020: $34,734Net Assets 2020: $02020Assets 2021: $34,734Liabilities 2021: $34,734Net Assets 2021: $02021Assets 2022: $34,734Liabilities 2022: $34,734Net Assets 2022: $02022Assets 2023: $2,550Liabilities 2023: $2,550Net Assets 2023: $02023Assets 2024: $2,550Liabilities 2024: $2,550Net Assets 2024: $02024Assets 2025: $2,550Liabilities 2025: $2,550Net Assets 2025: $02025

Highlighted filing

2025

Assets$2,550
Liabilities$2,550
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0Revenue 2011: $4,504,451Expenses 2011: $4,504,451Net Income 2011: $02011Revenue 2012: $4,062,996Expenses 2012: $4,062,996Net Income 2012: $02012Revenue 2013: $5,475,699Expenses 2013: $5,475,699Net Income 2013: $02013Revenue 2014: $5,661,804Expenses 2014: $5,661,804Net Income 2014: $02014Revenue 2015: $6,030,774Expenses 2015: $6,030,774Net Income 2015: $02015Revenue 2016: $6,284,604Expenses 2016: $6,284,604Net Income 2016: $02016Revenue 2017: $6,640,139Expenses 2017: $6,640,139Net Income 2017: $02017Revenue 2018: $6,934,305Expenses 2018: $6,934,305Net Income 2018: $02018Revenue 2019: $7,234,144Expenses 2019: $7,234,144Net Income 2019: $02019Revenue 2020: $6,911,685Expenses 2020: $6,911,685Net Income 2020: $02020Revenue 2021: $7,866,246Expenses 2021: $7,866,246Net Income 2021: $02021Revenue 2022: $8,500,732Expenses 2022: $8,500,732Net Income 2022: $02022Revenue 2023: $9,003,239Expenses 2023: $9,003,239Net Income 2023: $02023Revenue 2024: $9,679,015Expenses 2024: $9,679,015Net Income 2024: $02024Revenue 2025: $10,039,381Expenses 2025: $10,039,381Net Income 2025: $02025

Highlighted filing

2025

Revenue$10,039,381
Expenses$10,039,381
Net Income$0

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$10.0$10.0$0.00
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$9.68$9.68$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$9.00$9.00$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.03$0.00$8.50$8.50$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.03$0.00$7.87$7.87$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.03$0.00$6.91$6.91$0.00
2019Summary only. Only limited summary data is available for this year.$0.03$0.03$0.00$7.23$7.23$0.00
2018Summary only. Only limited summary data is available for this year.$0.03$0.03$0.00$6.93$6.93$0.00
2017Summary only. Only limited summary data is available for this year.$0.03$0.03$0.00$6.64$6.64$0.00
2016Summary only. Only limited summary data is available for this year.$0.03$0.03$0.00$6.28$6.28$0.00
2015Summary only. Only limited summary data is available for this year.$0.03$0.03$0.00$6.03$6.03$0.00
2014Summary only. Only limited summary data is available for this year.$0.03$0.03$0.00$5.66$5.66$0.00
2013Summary only. Only limited summary data is available for this year.$0.03$0.03$0.00$5.48$5.48$0.00
2012Summary only. Only limited summary data is available for this year.$0.03$0.03$0.00$4.06$4.06$0.00
2011Summary only. Only limited summary data is available for this year.$0.03$0.03$0.00$4.50$4.50$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Feb 28, 2026
Return Version
2025v4.0
Gross Receipts
$10,039,381
Mission and Program Overview

Mission

To provide aquatic and fitness activities for club members.

Operate a facility dedicated to the enjoyment of recreational water, fitness and social related activities. The following sponsored programs are provided to club members rowing classes, fitness programs, swimming lessons, scuba classes, lifeguard and rescue training and other recreational activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,550$2,550→ $0
Loans From Officers Directors$2,550$2,550→ $0
Total Assets$2,550$2,550→ $0
Liabilities
Total Liabilities$2,550$2,550→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$2,550$2,550→ $0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Richard F Kral JrOfficer DirectorPT$205,805$205,805
Margaret DahlemDirectorPT$183,559$183,559
Todd McGarveyEmployeeFT$138,859$138,859
Kim CrosbyEmployeeFT$132,618$132,618
Laurie BaudouineDirectorPT$79,805$79,805
Revenue and Support

Revenue Composition

Contributions and Grants
$6,625,991
Program Service Revenue
$3,413,390
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,039,684
Salaries, Compensation, and Employee Benefits$2,999,697
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$2,603,598-$2,603,598
Other Salaries and Wages$1,850,301$640,487-$2,490,788
Occupancy-$1,108,644-$1,108,644
Office Expenses$922,253$123,679-$1,045,932
Other Expenses$719,247$442,946-$442,946
Depreciation Depletion$29,725$244,723-$274,448
Other Employee Benefits-$257,025-$257,025
Payroll Taxes$150,397$47,714-$198,111
Insurance-$86,891-$86,891
Pension Plan Contributions-$53,773-$53,773
Fees for Services Legal-$50,415-$50,415
Advertising-$41,036-$41,036
Travel-$245-$245
Total Functional Expenses$3,671,923$6,367,458$0$10,039,381
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Richard F Kral JrPresident of Beacon Point Marine IncBeacon Point Marine provides management services to the Water ClubNo$2,603,598
Richard F Kral JrPresident of RFK Greenwich Enterprises, IncRFK Greenwich Enterprises leases facilities to the Water ClubNo$640,000
Richard F Kral JrMember of CRK, LLCCRK LLC leases facilities to the Water ClubNo$208,000
Richard F Kral JrMember of 56 River, LLC56 River LLC leases facilities to the Water ClubNo$28,250

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$2,550$2,550→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section C, Line 19

Documents are made available upon request and employees via the Employee Handbook.

Filing and Contact Details

Filer

Filer Name
The Greenwich Water Club Inc
EIN
20-1379604
Phone
2036614033
Address
49 River Road, Cos Cob, CT 06807

Signing Officer

Name
Richard F Kral JR
Title
President
Phone
2036614033
Signed
2026-02-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard F Kral JR
Formed
2007
Legal Domicile
Ct
Voting Board Members
3
Independent Board Members
2
Employees
136

Preparer

Firm
Michalka & Associates LLC
Address
13 Kristy Drive, Bethel, CT 06801
Preparer
Todd Michalka CPA
Phone
2034347316
Supplemental Narrative

Additional Explanations

Form 990, Part V, Section A, Line 6 and 7A

The organization has Class B members which may elect the Board of Directors. Directors are subject to a Conflict of Interest Policy and 2 Directors must be independent.

Raw XML Appendix391 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt05191722
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02890249
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02674524
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt015330129
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/PublicSupportPY509Pct01.00000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt09003239
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt08500732
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt07866246
IRS990ScheduleA/Total509Grp/TotalAmt045088613
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt09003239
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt08500732
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IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Richard F Kral Jr
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Richard F Kral Jr
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2Richard F Kral Jr
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3Richard F Kral Jr
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0President of Beacon Point Marine Inc
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1President of RFK Greenwich Enterprises, Inc
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2Member of CRK, LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3Member of 56 River, LLC
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Beacon Point Marine provides management services to the Water Club
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1RFK Greenwich Enterprises leases facilities to the Water Club
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2CRK LLC leases facilities to the Water Club
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc356 River LLC leases facilities to the Water Club
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt02550
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Working Capital
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Richard F Kral Jr
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Officer Director
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IRS990ScheduleL/TotalBalanceDueAmt02550
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization has Class B members which may elect the Board of Directors. Directors are subject to a Conflict of Interest Policy and 2 Directors must be independent.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Documents are made available upon request and employees via the Employee Handbook.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part V, Section A, Line 6 and 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt02550
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IRS990/TotalAssetsGrp/EOYAmt02550
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IRS990/TotalEmployeeCnt0136
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06367458
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03671923
IRS990/TotalFunctionalExpensesGrp/TotalAmt010039381
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02550
IRS990/TotalLiabilitiesEOYAmt02550
IRS990/TotalLiabilitiesGrp/BOYAmt02550
IRS990/TotalLiabilitiesGrp/EOYAmt02550
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt0469169
IRS990/TotalProgramServiceExpensesAmt03671923
IRS990/TotalProgramServiceRevenueAmt03413390
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03413390
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010039381
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02550
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02550
IRS990/TotReportableCompRltdOrgAmt0271477
IRS990/TravelGrp/ManagementAndGeneralAmt0245
IRS990/TravelGrp/TotalAmt0245
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt049 River Road
IRS990/USAddress/CityNm0Cos Cob
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006807
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0www.greenwichwaterclub.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Richard F Kral JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02036614033
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-02-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Greenwich Water Club Inc
ReturnHeader/Filer/BusinessNameControlTxt0GREE
ReturnHeader/Filer/EIN0201379604
ReturnHeader/Filer/PhoneNum02036614033
ReturnHeader/Filer/USAddress/AddressLine1Txt049 River Road
ReturnHeader/Filer/USAddress/CityNm0Cos Cob
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006807
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061448427
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Michalka & Associates LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt013 Kristy Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bethel
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006801
ReturnHeader/PreparerPersonGrp/PhoneNum02034347316
ReturnHeader/PreparerPersonGrp/PreparationDt02026-02-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Todd Michalka CPA
ReturnHeader/ReturnTs02026-02-28T08:33:32-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

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