Civic Intelligence

The Town Club

990 • Fiscal year 2016 • EIN 93-0298400

Nov 01, 2015 to Oct 31, 2016 • Filed on Mar 14, 2017

2115 SW Salmon StreetPortland, OR 97205-1559

(503) 226-4084

Siviq Scores

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

Liabilities / Assets

17th percentile

0.01x

Higher debt load relative to assets than 17% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

19th percentile

0.04x

Higher debt load relative to revenue than 19% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Net Margin

83rd percentile

21%

Higher net margin than 83% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

79th percentile

$37,013

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Asset Growth

75th percentile

6.3%

Faster asset growth than 75% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

72nd percentile

8.4%

Faster revenue growth than 72% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$4,913,214

Up $292,129 (+6.3%) from 2015

Net Assets

Up

$4,856,863

Up $297,897 (+6.5%) from 2015

Liabilities

Down

$56,351

Down $5,768 (-9.3%) from 2015

Revenue

Up

$1,476,594

Up $114,656 (+8.4%) from 2015

Expenses

Up

$1,162,082

Up $7,609 (+0.7%) from 2015

Net Income

Up

$314,512

Up $107,047 (+52%) from 2015

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,535,570Liabilities 2010: $167,945Net Assets 2010: $3,367,6252010Assets 2011: $3,739,447Liabilities 2011: $128,562Net Assets 2011: $3,610,8852011Assets 2012: $3,804,404Liabilities 2012: $73,199Net Assets 2012: $3,731,2052012Assets 2013: $4,094,332Liabilities 2013: $85,487Net Assets 2013: $4,008,8452013Assets 2014: $4,461,240Liabilities 2014: $65,528Net Assets 2014: $4,395,7122014Assets 2015: $4,621,085Liabilities 2015: $62,119Net Assets 2015: $4,558,9662015Assets 2016: $4,913,214Liabilities 2016: $56,351Net Assets 2016: $4,856,8632016Assets 2017: $5,449,673Liabilities 2017: $52,758Net Assets 2017: $5,396,9152017Assets 2018: $5,665,896Liabilities 2018: $55,272Net Assets 2018: $5,610,6242018Assets 2019: $6,224,852Liabilities 2019: $68,724Net Assets 2019: $6,156,1282019Assets 2020: $6,488,787Liabilities 2020: $53,307Net Assets 2020: $6,435,4802020Assets 2021: $7,469,942Liabilities 2021: $53,499Net Assets 2021: $7,416,4432021Assets 2022: $7,247,441Liabilities 2022: $273,991Net Assets 2022: $6,973,4502022Assets 2023: $7,352,553Liabilities 2023: $277,411Net Assets 2023: $7,075,1422023Assets 2024: $7,681,109Liabilities 2024: $120,055Net Assets 2024: $7,561,0542024

Highlighted filing

2016

Assets$4,913,214
Liabilities$56,351
Net Assets$4,856,863

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Expenses 2010: $1,144,1172010Expenses 2011: $1,143,4332011Expenses 2012: $1,299,1352012Expenses 2013: $1,240,6202013Revenue 2014: $1,548,324Expenses 2014: $1,222,915Net Income 2014: $325,4092014Revenue 2015: $1,361,938Expenses 2015: $1,154,473Net Income 2015: $207,4652015Revenue 2016: $1,476,594Expenses 2016: $1,162,082Net Income 2016: $314,5122016Revenue 2017: $1,509,487Expenses 2017: $1,162,204Net Income 2017: $347,2832017Revenue 2018: $1,575,969Expenses 2018: $1,369,279Net Income 2018: $206,6902018Revenue 2019: $1,790,589Expenses 2019: $1,376,505Net Income 2019: $414,0842019Revenue 2020: $1,628,812Expenses 2020: $1,376,605Net Income 2020: $252,2072020Revenue 2021: $1,829,532Expenses 2021: $1,425,816Net Income 2021: $403,7162021Revenue 2022: $1,773,282Expenses 2022: $1,519,226Net Income 2022: $254,0562022Revenue 2023: $1,882,226Expenses 2023: $1,719,345Net Income 2023: $162,8812023Revenue 2024: $1,939,691Expenses 2024: $1,742,080Net Income 2024: $197,6112024

Highlighted filing

2016

Revenue$1,476,594
Expenses$1,162,082
Net Income$314,512
Jump To
Filing Snapshot
Filing Period
Nov 1, 2015 to Oct 31, 2016
Signed
Mar 14, 2017
Return Version
2015v3.0
Gross Receipts
$2,130,048
Mission and Program Overview

Mission

Private membership social club whose activities are solely for the recreation, pleasure and other nonprofitable purposes of its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,318,908$2,323,760▲ $4,852
Investments in Publicly Traded Securities$1,624,391$1,645,027▲ $20,636
Savings and Temporary Cash Investments$405,143$603,527▲ $198,384
Cash and Non-Interest-Bearing Accounts$133,603$210,368▲ $76,765
Prepaid Expenses and Deferred Charges$65,289$55,084▼ $10,205
Accounts Receivable$42,200$49,652▲ $7,452
Inventories for Sale or Use$31,551$25,796▼ $5,755
Total Assets$4,621,085$4,913,214▲ $292,129
Liabilities
Accounts Payable and Accrued Expenses$62,119$56,351▼ $5,768
Total Liabilities$62,119$56,351▼ $5,768
Net Assets / Fund Balance
Unrestricted Net Assets$3,532,385$3,589,145▲ $56,760
Temporarily Rstr Net Assets$1,026,581$1,267,718▲ $241,137
Total Net Assets Fund Balance$4,558,966$4,856,863▲ $297,897
Total Liabilities and Net Assets / Fund Balance$4,621,085$4,913,214▲ $292,129

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,394,658$919,989$2,314,647
Other Land Buildings$809,669$790,049$1,143,771
Land$119,433-$119,433
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jade KiosseGeneral ManaFT$34,847$2,166$37,013

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$41,849
Program Service Revenue
$1,279,842
Investment Income
$145,878
Other Revenue
$9,025
Change in Net Assets
$314,512

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,321,094
Revenue Not Reported on Financial Statements
$155,500
Revenue Not Reported on Form 990
$551,535
Other Revenue Adjustments
$155,500
Total Revenue per Audited Statements
$1,872,629
Total Revenue per Form 990
$1,476,594
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$603,331
Other Expenses$558,751
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$353,533
Other Employee Benefits---$105,832
Depreciation Depletion---$97,031
Payroll Taxes---$78,763
Insurance---$62,421
Occupancy---$52,974
Current Officers, Directors, Trustees, and Key Employees---$34,847
Office Expenses---$32,126
Pension Plan Contributions---$30,356
Information Technology---$18,086
All Other Expenses---$16,257
Other Expenses---$15,678
Fees for Services Other---$12,191
Total Functional Expenses$0$0$0$1,162,082

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,730,232
Expenses per Audited Statements$1,162,082
Total Expenses per Form 990$1,162,082
Expenses Not Reported on Form 990$568,150
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
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, Page 6, Part VI, Line 6

All members are individuals

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by the general manager before filing and copies are provided to governing body after filing.

Form 990, Page 6, Part VI, Line 12C

Board members are required to annually disclose potential conflicts of interest. The finance committee monitors conflicts of interest on a ongoing basis.

Form 990, Page 6, Part VI, Line 15A

On an annual basis the governing board reviews the general manager's compensation and considers many factors inlcuding but no limited to performance,length of service and comparable compensation in similar organizations. As part of the review the board obtains information on comparable salaries paid by other social clubs.

Form 990, Page 6, Part VI, Line 19

Governing documents, financial statements and policies are only available to management, board of governors and to members upon request.

Filing and Contact Details

Filer

Filer Name
The Town Club
EIN
93-0298400
Phone
5032264084
Address
2115 SW SALMON STREET, PORTLAND, OR 97205-1559

Signing Officer

Name
Jade Kiosse
Title
General Manager
Phone
5032264084
Signed
2017-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mrs William Winter
Formed
1928
Legal Domicile
Or
Voting Board Members
5
Independent Board Members
5
Employees
41

Preparer

Firm
ROSTAD & ENGLISH CPA'S PC
Address
9498 SW BARBUR BLVD STE 200, PORTLAND, OR 97219-5423
Preparer
Michael W English
Phone
5039772266
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The club is exempt from federal and state income taxes under section 501 (c)(7) of the internal revenue code and is not a private foundation, and therefore no provision for federal income taxes has been made. However, federal, state and local taxes are assessed on interest and dividend income and from realized gains from the club's investments and non-member business. Management believes that there are no uncertain tax positions. The club's tax returns remain subject to audit by the irs for three years after filing. At october 31, 2016, the returns for tax years, 2012, 2013, 2014 and remain open.

Schedule D, Page 4, Part XI, Line 2D

Dining room expenses offset to revenue 568,150

Schedule D, Page 4, Part XI, Line 4B

New member capital assessments 155,500

Schedule D, Page 4, Part XII, Line 2D

Dining room expenses offset to revenue 568,150

Raw XML Appendix342 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.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CLUB IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501 (C)(7) OF THE INTERNAL REVENUE CODE AND IS NOT A PRIVATE FOUNDATION, AND THEREFORE NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN MADE. HOWEVER, FEDERAL, STATE AND LOCAL TAXES ARE ASSESSED ON INTEREST AND DIVIDEND INCOME AND FROM REALIZED GAINS FROM THE CLUB'S INVESTMENTS AND NON-MEMBER BUSINESS. MANAGEMENT BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS. THE CLUB'S TAX RETURNS REMAIN SUBJECT TO AUDIT BY THE IRS FOR THREE YEARS AFTER FILING. AT OCTOBER 31, 2016, THE RETURNS FOR TAX YEARS, 2012, 2013, 2014 AND REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DINING ROOM EXPENSES OFFSET TO REVENUE 568,150
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2NEW MEMBER CAPITAL ASSESSMENTS 155,500
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3DINING ROOM EXPENSES OFFSET TO REVENUE 568,150
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02323760
IRS990ScheduleD/TotalExpensesPerForm990Amt01162082
IRS990ScheduleD/TotalRevenuePerForm990Amt01476594
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01872629
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01730232
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL MEMBERS ARE INDIVIDUALS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE GENERAL MANAGER BEFORE FILING AND COPIES ARE PROVIDED TO GOVERNING BODY AFTER FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE REQUIRED TO ANNUALLY DISCLOSE POTENTIAL CONFLICTS OF INTEREST. THE FINANCE COMMITTEE MONITORS CONFLICTS OF INTEREST ON A ONGOING BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ON AN ANNUAL BASIS THE GOVERNING BOARD REVIEWS THE GENERAL MANAGER'S COMPENSATION AND CONSIDERS MANY FACTORS INLCUDING BUT NO LIMITED TO PERFORMANCE,LENGTH OF SERVICE AND COMPARABLE COMPENSATION IN SIMILAR ORGANIZATIONS. AS PART OF THE REVIEW THE BOARD OBTAINS INFORMATION ON COMPARABLE SALARIES PAID BY OTHER SOCIAL CLUBS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND POLICIES ARE ONLY AVAILABLE TO MANAGEMENT, BOARD OF GOVERNORS AND TO MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01026581
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01267718
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04621085
IRS990/TotalAssetsEOYAmt04913214
IRS990/TotalAssetsGrp/BOYAmt04621085
IRS990/TotalAssetsGrp/EOYAmt04913214
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt041849
IRS990/TotalEmployeeCnt041
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01162082
IRS990/TotalGrossUBIAmt063574
IRS990/TotalLiabilitiesBOYAmt062119
IRS990/TotalLiabilitiesEOYAmt056351
IRS990/TotalLiabilitiesGrp/BOYAmt062119
IRS990/TotalLiabilitiesGrp/EOYAmt056351
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04558966
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04856863
IRS990/TotalOtherCompensationAmt02166
IRS990/TotalProgramServiceRevenueAmt01279842
IRS990/TotalReportableCompFromOrgAmt034847
IRS990/TotalRevenueGrp/ExclusionAmt082304
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01288867
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01476594
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt063574
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04621085
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04913214
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03532385
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03589145
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02115 SALMON STREET
IRS990/USAddress/CityNm0PORTLAND
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097205
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JADE KIOSSE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GENERAL MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum05032264084
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE TOWN CLUB
ReturnHeader/Filer/BusinessNameControlTxt0TOWN
ReturnHeader/Filer/EIN0930298400
ReturnHeader/Filer/PhoneNum05032264084
ReturnHeader/Filer/USAddress/AddressLine1Txt02115 SW SALMON STREET
ReturnHeader/Filer/USAddress/CityNm0PORTLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd0972051559
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200260950
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROSTAD & ENGLISH CPA'S PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09498 SW BARBUR BLVD STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PORTLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0972195423
ReturnHeader/PreparerPersonGrp/PhoneNum05039772266
ReturnHeader/PreparerPersonGrp/PreparationDt02017-03-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL W ENGLISH
ReturnHeader/ReturnTs02017-03-20T18:26:22+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-11-01
ReturnHeader/TaxPeriodEndDt02016-10-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.68$0.12$7.56$1.94$1.74$0.20
2023Detailed filing. Detailed filing data is available for this year.$7.35$0.28$7.08$1.88$1.72$0.16
2022Detailed filing. Detailed filing data is available for this year.$7.25$0.27$6.97$1.77$1.52$0.25
2021Detailed filing. Detailed filing data is available for this year.$7.47$0.05$7.42$1.83$1.43$0.40
2020Detailed filing. Detailed filing data is available for this year.$6.49$0.05$6.44$1.63$1.38$0.25
2019Detailed filing. Detailed filing data is available for this year.$6.22$0.07$6.16$1.79$1.38$0.41
2018Detailed filing. Detailed filing data is available for this year.$5.67$0.06$5.61$1.58$1.37$0.21
2017Detailed filing. Detailed filing data is available for this year.$5.45$0.05$5.40$1.51$1.16$0.35
2016Detailed filing. Detailed filing data is available for this year.$4.91$0.06$4.86$1.48$1.16$0.31
2015Detailed filing. Detailed filing data is available for this year.$4.62$0.06$4.56$1.36$1.15$0.21
2014Detailed filing. Detailed filing data is available for this year.$4.46$0.07$4.40$1.55$1.22$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.09$0.09$4.01$1.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.80$0.07$3.73$1.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.74$0.13$3.61$1.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.54$0.17$3.37$1.14
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)7 • $1M-$5M nonprofits