Fort Kent Golf Club
- Assets
- $202.1k
- Revenue
- $216.0k
- Investments
- $0.0
- Employees
- 9
- Location
- Fort Kent, ME
- Founding
- 12/1969
- Data as of
- 12/2021
- EIN
- 01-0281420
Organization Overview
Fort Kent Golf Club is located in Fort Kent, ME. The organization was established in 1969. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Fort Kent Golf Club employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Kent 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 12/2021, Fort Kent Golf Club generated $216.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $188.4k during the year ending 12/2021. While expenses have increased by 1.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MEMBERSHIP GOLF COURSE
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE OPEN TO THE MEMBERSHIP AS WELL AS TO PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lupita Albert Treasurer | Officer | 1 | $0 |
Kevin Dubois President & Secretary | Officer | 2 | $0 |
Brian Dubois Vice President | Officer | 1 | $0 |
Bob Lozier Director | Trustee | 0.5 | $0 |
Jeff Theriault Director | Trustee | 0.5 | $0 |
Garrett Albert Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,400 |
| 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 | $20,400 |
| Total Program Service Revenue | $131,403 |
| Investment income | $43 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,150 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $22,793 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $216,026 |
| 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. | $99,368 |
| Compensation of current officers, directors, key employees. | $24,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,011 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,843 |
| Advertising and promotion | $100 |
| Office expenses | $2,305 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,901 |
| Travel | $975 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $404 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,899 |
| Insurance | $14,452 |
| All other expenses | $2,666 |
| Total functional expenses | $188,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,634 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,355 |
| Prepaid expenses and deferred charges | $700 |
| Net Land, buildings, and equipment | $180,421 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $202,110 |
| Accounts payable and accrued expenses | $1,475 |
| 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 | $44,100 |
| Total liabilities | $45,575 |
| Net assets without donor restrictions | $0 |
| 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 | $156,535 |
| Total liabilities and net assets/fund balances | $202,110 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Laconia Golf Club Inc Laconia, NH | $5,924,050 | $2,120,065 |
Maine Golf House Inc Cumberland, ME | $1,550,780 | $1,201,316 |
Megunticook Golf Club Rockport, ME | $1,379,805 | $881,497 |
New Hampshire Golf Association Concord, NH | $596,648 | $935,150 |
New Hampshire Senior Golfers Associates Salisbury, NH | $42,026 | $223,917 |
The First Tee Of New Hampshire Inc North Hampton, NH | $266,153 | $253,996 |
Fort Kent Golf Club Fort Kent, ME | $202,110 | $216,026 |
North Haven Golf Club North Haven, ME | $287,507 | $218,907 |
Maine Seniors Golf Association Yarmouth, ME | $56,725 | $0 |
Eastern Maine Seniors Golf Assn Bangor, ME | $37,727 | $0 |
Maine Golf Course Superintendents Association Cumberland, ME | $100,075 | $0 |