River Club of New York Inc.

Overview

River Club of New York Inc. is a nonprofit organization established in 1931, recognized for providing a family-oriented social and recreational club environment. Located in New York City, the club caters to its members with a variety of athletic and social facilities, fostering a sense of community among families.

History

The River Club was founded on December 3, 1931, by notable figures including Kermit Roosevelt and Mrs. Joseph (Mollie) Edward Davis. It quickly became a favored gathering place among New York's elite families, such as the Astors, Roosevelts, and Vanderbilts. The club differentiates itself by promoting equality between men and women, embodying a full-service sporting and social club philosophy.

Facilities and Services

The River Club features a range of athletic and social amenities, including:

• Athletic Facilities:
  • Two tennis courts
  • Three squash courts
  • A golf simulator
  • A pool
  • A paddle court
  • A comprehensive fitness center

These facilities are designed to accommodate various athletic interests and promote a healthy lifestyle among members of all ages.

• Dining and Social Areas:
  • Multiple dining venues offering diverse cuisine options
  • Event spaces for private gatherings
  • A garden patio with views of the East River, providing a scenic backdrop for social interactions.

Financial Information

As of 2023, River Club of New York Inc. reported total revenue of approximately $12.9 million against expenses of about $13.2 million. The club holds total assets valued at approximately $83.6 million, with liabilities amounting to roughly $92 million. The majority of the club's revenue is derived from program services, which accounted for about 62.7% of total revenue, while net inventory sales contributed approximately 37.3%[1].

Commitment to Community

River Club of New York Inc. emphasizes a commitment to enhancing the quality of life for its members through a blend of recreational activities, social engagement, and family-friendly programming. This approach reinforces the club’s longstanding tradition as a pivotal social hub within the New York City community.

Status and Tax Information

The organization operates as a nonprofit social and recreational club, but donations made to it are not tax deductible. This designation is reflective of its primary focus on providing member services rather than typical charitable activities[1].