Waterville Country Club Incorporated
- Assets
- $1.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 71
- Location
- Oakland, ME
- Founding
- 07/1972
- Data as of
- 10/2023
- EIN
- 01-0204920
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 10/2023, Waterville Country Club Incorporated employed 71 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 10/2023, Waterville Country Club Incorporated generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.1m during the year ending 10/2023. While expenses have increased by 2.0% 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
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 10/31/23, THE WATERVILLE COUNTRY CLUB HAD 402 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tj Smart President | OfficerTrustee | 5 | $0 |
Ben Grant Vice Preside | OfficerTrustee | 1 | $0 |
Douglas Terp Treasurer | OfficerTrustee | 5 | $0 |
Olivia Chayer Secretary | OfficerTrustee | 5 | $0 |
Andrew Glasheen Director | Trustee | 1 | $0 |
Jenn Seekins Director | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,278,798 |
| Investment income | $7,679 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,934 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$91,796 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,196,615 |
| 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. | $93,038 |
| Compensation of current officers, directors, key employees. | $93,038 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $372,278 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $43,050 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,991 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $550 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $33,927 |
| Royalties | $0 |
| Occupancy | $7,363 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,817 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,129 |
| Insurance | $20,805 |
| All other expenses | $136,767 |
| Total functional expenses | $1,101,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,085 |
| Savings and temporary cash investments | $2,840 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $208,861 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $110,422 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $647,968 |
| Investments—publicly traded securities | $213,679 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $283,012 |
| Total assets | $1,700,867 |
| Accounts payable and accrued expenses | $55,952 |
| Grants payable | $0 |
| Deferred revenue | $8,400 |
| 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 | $110,341 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $283,012 |
| Total liabilities | $457,705 |
| Net assets without donor restrictions | $1,161,636 |
| Net assets with donor restrictions | $81,526 |
| 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 | $1,700,867 |