Prouts Neck Country Club
- Assets
- $5.2m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 60
- Location
- Scarborough, ME
- Founding
- 07/1925
- Data as of
- 10/2023
- EIN
- 01-0145135
Organization Overview
Prouts Neck Country Club is located in Scarborough, ME. The organization was established in 1925. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Prouts Neck Country Club employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prouts Neck Country 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, Prouts Neck Country Club generated $3.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $2.5m during the year ending 10/2023. While expenses have increased by 4.2% 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 COUNTRY CLUB PROVIDES A SOCIAL ORGANIZATION FOR ITS MEMBERS TO PLAY GOLF AND TENNIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED THE PRIVATE CLUB OFFERING GOLF AND TENNIS AND SOCIAL ACTIVITIES FOR APPROXIMATELY 500 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin J Maroni President | OfficerTrustee | 4 | $0 |
Kerry Stevens Vice President | OfficerTrustee | 0.5 | $0 |
Jonathan Shepherd Treasurer | OfficerTrustee | 0.5 | $0 |
Julie Bostwick Director | Trustee | 0.5 | $0 |
Gail G Garcia Director | Trustee | 0.5 | $0 |
Charles C Lee III Director | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,965,651 |
| Investment income | $31,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,977 |
| Net Gain/Loss on Asset Sales | $5,750 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,032,560 |
| 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. | $67,588 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $765,560 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $87,016 |
| Payroll taxes | $71,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,071 |
| Advertising and promotion | $0 |
| Office expenses | $70,915 |
| Information technology | $21,999 |
| Royalties | $0 |
| Occupancy | $31,973 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,970 |
| Interest | $6,728 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $251,816 |
| Insurance | $73,727 |
| All other expenses | $146,779 |
| Total functional expenses | $2,508,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,240,029 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $237,234 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $42,353 |
| Net Land, buildings, and equipment | $1,698,394 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,218,010 |
| Accounts payable and accrued expenses | $75,189 |
| 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 | $237,783 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $312,972 |
| Net assets without donor restrictions | $4,905,038 |
| Net assets with donor restrictions | $0 |
| 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 | $5,218,010 |