Waterville Country Club Incorporated

Organization Overview

Waterville Country Club Incorporated is located in Oakland, ME. The organization was established in 1972. 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 10/2021, Waterville Country Club Incorporated employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterville Country Club Incorporated is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 10/2021, Waterville Country Club Incorporated generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.1m during the year ending 10/2021. While expenses have increased by 2.0% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTION OF OUTDOOR SPORTS THROUGH THE OPERATION OF AN EIGHTEEN HOLE GOLF COURSE AND RELATED SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PURPOSE OF THE WATERVILLE COUNTRY CLUB IS THE PROMOTION OF OUTDOOR SPORTS FOR ITS MEMBERS. THIS IS ACHEIVED THROUGH THE OPERATION OF A GOLF COURSE WITH CART RENTALS, ANNUAL GOLF TOURNAMENTS AND STORAGE FACILITIES. DURING THE YEAR ENDED 10/31/21, THE WATERVILLE COUNTRY CLUB HAD 390 MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Nicholas Pelotte
General Mana
$86,057
Don Roberts
Director/pga
$76,452
Glen Whalen
President
$0
Tj Smart
Vice Preside
$0
Anthony Reid
Secretary
$0
Kevin Rice
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $150,319
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$150,319
Total Program Service Revenue$1,089,980
Investment income $3,771
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,450
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $37,060
Miscellaneous Revenue$0
Total Revenue $1,286,580

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