Overview
What is The Somerset Club?
The Somerset Club is a social club situated in Boston, Massachusetts. Established with the purpose of fostering social interaction, it offers a restaurant serving meals and beverages to its members, recording 13,035 covers in fiscal year 2023. Additionally, the club provides lodging facilities, with 919 rooms occupied during the same period. The clubhouse is utilized by its members for various social activities, further enhancing its role as a social hub. The club employs a staff of 151 individuals.
Is The Somerset Club legitimate?
The Somerset Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. The Somerset Club submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $513,862
Professional Fundraising Fees: $0
Other Salaries and Wages: $549,795
For more financial information, click here
What is the mission statement of The Somerset Club?
The Somerset Club, established for the promotion of social interaction, serves as a platform for its members to engage in social activities. The club's restaurant offers food and beverage services, catering to 13,035 covers during fiscal year 2023. In addition, the club provides accommodations with 919 rooms occupied during the same period. The clubhouse is utilized by the membership for various social activities, indicating the club's role in fostering social connections among its members.
What is the revenue of The Somerset Club?
The Somerset Club's revenue in 2024 was $3,311,351.
Who are the executives of The Somerset Club and what are their salaries?
The average compensation at The Somerset Club during 2024 was $9,941. There are 107 employees and 15 volunteers at The Somerset Club.
Here are 20 key members and their salaries:
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- Compensation: $168,173
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- Other: $2,665
- Compensation: $154,176
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- Other: $13,774
- Compensation: $116,591
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- Other: $29,666
Where can I find the form 990 for The Somerset Club?
The Somerset Club's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Somerset Club
The Somerset Club, established for the promotion of social interaction, serves as a hub for its members in Boston. Its primary objective is to foster social connections among its members. The club achieves this through various means, including a restaurant that offers food and beverage services, catering to the culinary needs of its members, with an impressive 13,035 covers served during fiscal year 2023. Moreover, The Somerset Club provides lodging facilities, with 919 rooms occupied during the same period. Beyond these practical services, the clubhouse is utilized by its membership for social activities, furthering the club's mission of promoting social intercourse.
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Impact
October, 2024
The Somerset Club significantly enhances the social fabric of Boston by providing a dedicated space for interpersonal connections among its members. Through its restaurant, the Club served 13,035 covers in the fiscal year 2023, facilitating numerous gatherings and culinary experiences. Additionally, the Club's lodging facilities, with 919 rooms occupied, offer a comfortable and inviting environment for members to relax and connect.
The Clubhouse serves as a central hub for various social activities, fostering a sense of community and engagement. This emphasis on social interaction supports not only individual relationships but also contributes to a broader communal atmosphere within the city, making The Somerset Club an important institution for recreation and social life in Boston.
This information is meant to be a general summary of The Somerset Club. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $52,648
- Program Service Revenue: $4,279,388
- Gross Receipts: $6,368,933
Assets and Liabilities:
- Total Assets: $16,470,543
- Total Liabilities: $5,125,684
- Net Assets: $11,344,859
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES, FEES & ASSESSMEN
Revenue
$3,913,913
ROOMS & SUITES
Revenue
$365,475
Organization Details
Founding Year
1925
Principal Officer
Richard Batchelder Jr
NTEE Category
Code: N50 - Recreation
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