Megunticook Golf Club
- Assets
- $1.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 20
- Location
- Rockport, ME
- Founding
- 11/1967
- Data as of
- 10/2023
- EIN
- 01-0119385
Organization Overview
Megunticook Golf Club is located in Rockport, ME. The organization was established in 1967. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Megunticook Golf Club employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Megunticook Golf Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, Megunticook Golf Club generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.1m during the year ending 10/2023. While expenses have increased by 6.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB IS A MEMBERSHIP ASSOCIATION ORGANIZED FOR RECREATIONAL PURPOSES IN WHICH NO PART OF ITS NET EARNINGS INURE TO THE BENEFIT OF ANY ONE OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB OWNS AND OPERATES A GOLF COURSE FOR ITS MEMBERS AND THEIR GUESTS. THERE IS A PRO-SHOP AND LOCKER ROOM AT THE FACILITY. A GOLF PRO PROVIDES LESSONS FOR A FEE. THROUGH THE 2022 SEASON, ABOUT 3,700 ROUNDS OF GOLF WERE PLAYED AT THE CLUB BY MEMBERS AND THEIR GUESTS.
OTHER PROGRAM SERVICE ACCOMPLISHMENTS DURING THE YEAR INCLUDE MAKING THE CLUB'S FACILITIES AVAILABLE FOR MEMBER MEETINGS AND GATHERINGS, AND RENTING FACILITIES TO MEMBERS FOR THEIR PRIVATE EVENTS (SUCH AS MEMBER WEDDINGS).
THE CLUB MAINTAINS A CLUBHOUSE AND RESTAURANT FOR THE MEMBERS AND THEIR GUESTS. THERE ARE APPROXIMATELY 180 MEMBERSHIPS, INCLUDING MANY MULTIPLE- USER MEMBERSHIPS WITH ESTIMATED OVER 400 TOTAL USERS. THE CLUB HOSTS NUMEROUS SPECIAL EVENTS DURING THE SEASON. APPROXIMATELY 4,000 MEALS WERE SERVED AT THE RESTAURANT DURING 2022.
THE CLUB OWNS AND MAINTAINS 4 TENNIS COURTS FOR THE USE OF ITS MEMBERS AND THEIR GUESTS. A TENNIS PRO PROVIDES LESSONS FOR A FEE. DURING 2022, ABOUT 750 HOURS OF TENNIS WERE PLAYED AT THE CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ward Wickwire President | OfficerTrustee | 4 | $0 |
Jay N Foster 1st Vice Pre | OfficerTrustee | 4 | $0 |
Philip Fowler III 2nd Vice Pre | OfficerTrustee | 2 | $0 |
Peter Van Alstine Treasurer | OfficerTrustee | 3 | $0 |
Ted Pieri Asst. Treasu | OfficerTrustee | 2 | $0 |
John Claussen Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,521 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,521 |
| Total Program Service Revenue | $1,019,667 |
| Investment income | $1,730 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,072,918 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $414,196 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,386 |
| Payroll taxes | $45,571 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,120 |
| Fees for services: Accounting | $31,734 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,382 |
| Advertising and promotion | $0 |
| Office expenses | $1,987 |
| Information technology | $12,669 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $407 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,638 |
| Insurance | $36,995 |
| All other expenses | $21,195 |
| Total functional expenses | $1,071,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,833 |
| Savings and temporary cash investments | $76,931 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,960 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $260 |
| Inventories for sale or use | $13,250 |
| Prepaid expenses and deferred charges | $4,500 |
| Net Land, buildings, and equipment | $1,180,807 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,583 |
| Total assets | $1,373,124 |
| Accounts payable and accrued expenses | $11,246 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,592 |
| Total liabilities | $22,838 |
| Net assets without donor restrictions | $1,316,140 |
| Net assets with donor restrictions | $34,146 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,373,124 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Golf House Inc Freeport, ME | $896,893 | $1,312,898 |
New Hampshire Golf Association Concord, NH | $862,868 | $1,190,295 |
Megunticook Golf Club Rockport, ME | $1,373,124 | $1,072,918 |
Castine Golf Club Inc Castine, ME | $1,633,611 | $1,474,786 |
New Hampshire Senior Golfers Associates Exeter, NH | $62,814 | $310,312 |
North Haven Golf Club North Haven, ME | $448,741 | $346,706 |
Fort Kent Golf Club Fort Kent, ME | $246,207 | $246,717 |
The First Tee Of New Hampshire Inc North Hampton, NH | $191,078 | $170,114 |
Maine Seniors Golf Association Yarmouth, ME | $49,216 | $0 |
Eastern Maine Seniors Golf Assn Bangor, ME | $48,348 | $0 |
Maine Golf Course Superintendents Association Cumberland, ME | $118,244 | $0 |