The information for Purpoodock Club is as of the organization's most recent filing in September '22. This organization is located in Cape Elizabeth, ME. It has been in existence for 80 years, following its founding in 1942.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Purpoodock Club's NTEE code is N60. The "N" tells us that the organization is classified under Recreation & Sports. The "60" tells us that the organization is focused on Amateur Sports. The NTEE describes Amateur Sports organizations as those that provide opportunities for people of all ages to learn, become competitive in, and enjoy organized recreational activities, sports, or games of their choice. These organizations may offer coaching assistance, access to equipment and facilities, and may sponsor athletes to participate in amateur competitions. The Purpoodock Club is governed by section 7 of the Internal Revenue Code, which categorizes it as a Social and Recreational Club.
The operation of a golf course with approximately 450 members falls within the general fund, where the organization reports all revenues, support, and functional expenses that are not specifically reported by another fund or program.
Purpoodock Club is run by Erik Joncas, who is the President. The organization has 74 employees, none of whom are paid over $100k per year. Supporting the paid staff are 9 volunteers.
Purpoodock Club, a non-profit organization, appears to be well-governed based on the information provided. The organization has a total of 9 voting members, all of whom are independent. This ensures that decisions are made in the best interest of the organization without any potential conflicts of interest. Furthermore, both board meetings and committee meetings are documented, indicating a level of transparency and accountability in the organization's governance. This documentation allows for a clear record of discussions, decisions, and actions taken during these meetings. Although the organization does not have specific policies in place regarding conflicts of interest, whistleblower protection, document retention, and review of leadership and officer salaries, it is important to note that the absence of these policies does not necessarily indicate poor governance. However, implementing these policies in the future could further enhance the organization's governance practices. Overall, based on the information provided, Purpoodock Club demonstrates a commitment to transparency and accountability through the documentation of meetings. While there are areas for improvement, such as implementing policies related to conflicts of interest and whistleblower protection, the organization appears to be well-governed.
The Purpoodock Club nonprofit organization has experienced growth over the given time period. Program Service Revenue increased from $1.5M in 2014 to $2.1M in 2021, while Other Revenue increased from $95.9K to $259.7K. The Total Revenue also saw an increase from $1.6M to $2.4M. Additionally, Employee Salaries increased from $672.6K to $959.1K, and Total Expenses increased from $1.6M to $2.2M. However, the organization saw a decrease in Total Employees, from 89 in 2014 to 74 in 2021.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Andrew Piantidosi Secretary | OfficerTrustee | 10 | $0 |
Jake Brown Treasurer | OfficerTrustee | 10 | $0 |
Greg Woodworth Vice President | OfficerTrustee | 10 | $0 |
Erik Joncas President | OfficerTrustee | 10 | $0 |
Lindsey Berkowitz Director | Trustee | 10 | $0 |
Burr Duryee Director | Trustee | 10 | $0 |
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 | $2,103,047 |
Investment income | $1,217 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $40,253 |
Net Gain/Loss on Asset Sales | -$13,299 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $193,422 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,350,676 |
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 | $775,216 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $91,356 |
Payroll taxes | $63,916 |
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 | $30,442 |
Advertising and promotion | $25,670 |
Office expenses | $25,877 |
Information technology | $19,332 |
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 | $66,736 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $295,978 |
Insurance | $51,168 |
All other expenses | $189,264 |
Total functional expenses | $2,176,119 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $398,276 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $256,404 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $110,347 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $3,273,063 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,038,090 |
Accounts payable and accrued expenses | $139,374 |
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 | $1,830,206 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,969,580 |
Net assets without donor restrictions | $2,068,510 |
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 | $4,038,090 |
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