Fort Kent Golf Club
- Assets
- $246.2k
- Revenue
- $246.7k
- Investments
- $0.0
- Employees
- 14
- Location
- Fort Kent, ME
- Founding
- 12/1969
- Data as of
- 12/2022
- 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 12/2022, Fort Kent Golf Club employed 14 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 12/2022, Fort Kent Golf Club generated $246.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $227.8k during the year ending 12/2022. While expenses have increased by 3.2% 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
2022
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 |
|---|---|---|---|
Kevin Raymond Director | Trustee | 0.5 | $0 |
Don Michaud Director | Trustee | 0.5 | $0 |
Garrett Albert Director | Trustee | 0.5 | $0 |
Kale Hamilton Director | Trustee | 0.5 | $0 |
Jon Lozier Director | Trustee | 0.5 | $0 |
Mike Dumond Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,100 |
| 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 | $44,100 |
| Total Program Service Revenue | $146,977 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,240 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $25,449 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,717 |
| 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. | $106,826 |
| Compensation of current officers, directors, key employees. | $25,962 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,823 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,644 |
| Advertising and promotion | $700 |
| Office expenses | $4,415 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,551 |
| Travel | $1,146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $863 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,158 |
| Insurance | $15,434 |
| All other expenses | $4,382 |
| Total functional expenses | $227,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,406 |
| 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 | $2,241 |
| Prepaid expenses and deferred charges | $50 |
| Net Land, buildings, and equipment | $235,510 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $246,207 |
| Accounts payable and accrued expenses | $2,620 |
| 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 | $67,901 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $207 |
| Total liabilities | $70,728 |
| 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 | $175,479 |
| Total liabilities and net assets/fund balances | $246,207 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Golf House Inc Freeport, ME | $896,893 | $1,312,898 |
New Hampshire Golf Association Concord, NH | $862,868 | $1,190,295 |
Megunticook Golf Club Rockport, ME | $1,373,124 | $1,072,918 |
Castine Golf Club Inc Castine, ME | $1,633,611 | $1,474,786 |
New Hampshire Senior Golfers Associates Exeter, NH | $62,814 | $310,312 |
North Haven Golf Club North Haven, ME | $448,741 | $346,706 |
Fort Kent Golf Club Fort Kent, ME | $246,207 | $246,717 |
The First Tee Of New Hampshire Inc North Hampton, NH | $191,078 | $170,114 |
Maine Seniors Golf Association Yarmouth, ME | $49,216 | $0 |
Eastern Maine Seniors Golf Assn Bangor, ME | $48,348 | $0 |
Maine Golf Course Superintendents Association Cumberland, ME | $118,244 | $0 |