Woodlands Club
- Assets
- $15.0m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 239
- Location
- Falmouth, ME
- Founding
- 01/1987
- Data as of
- 12/2023
- EIN
- 01-0414169
Organization Overview
Woodlands Club is located in Falmouth, ME. The organization was established in 1987. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Woodlands Club employed 239 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodlands Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Woodlands Club generated $9.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $9.3m during the year ending 12/2023. While expenses have increased by 6.4% per year over the past 5 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
THE WOODLANDS CLUB IS A PRIVATE, MEMBER OWNED, RECREATIONAL, ATHLETIC AND DINING CLUB ESTABLISHED IN 1986 FOR SOCIAL ENJOYMENT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Holgredge President | OfficerTrustee | 6 | $0 |
Deb Abondanza Vice President | OfficerTrustee | 4 | $0 |
Brent Demichael Treasurer | OfficerTrustee | 4 | $0 |
Scott Carter Clerk | Trustee | 4 | $0 |
Jane Bopp Governor | Trustee | 2 | $0 |
Mike Major Governor | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jpm Golf Llc Golf Pro Shop | 12/30/20 | $374,742 |
Trackman Inc Contractor | 12/30/20 | $110,580 |
Aaa Energy Services Inc Contractor | 12/30/20 | $123,502 |
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 | $6,114,158 |
| Investment income | $45,340 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,004 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,589,485 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,741,979 |
| 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. | $414,708 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,704,685 |
| Pension plan accruals and contributions | $87,843 |
| Other employee benefits | $484,678 |
| Payroll taxes | $406,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,019 |
| Advertising and promotion | $0 |
| Office expenses | $560,809 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $590,577 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $74,935 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $622,046 |
| Insurance | $175,367 |
| All other expenses | $18,158 |
| Total functional expenses | $9,282,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,141,711 |
| Savings and temporary cash investments | $1,647,050 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,525,590 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $68,631 |
| Prepaid expenses and deferred charges | $108,331 |
| Net Land, buildings, and equipment | $9,965,999 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $566,751 |
| Total assets | $15,024,063 |
| Accounts payable and accrued expenses | $582,998 |
| Grants payable | $0 |
| Deferred revenue | $3,281,383 |
| 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 | $973,440 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $566,751 |
| Total liabilities | $5,404,572 |
| Net assets without donor restrictions | $9,619,491 |
| 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 | $15,024,063 |