Nashua Country Club
- Assets
- $11.9m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 185
- Location
- Nashua, NH
- Founding
- 05/1944
- Data as of
- 09/2022
- EIN
- 02-0170060
Organization Overview
Nashua Country Club is located in Nashua, NH. The organization was established in 1944. 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 09/2022, Nashua Country Club employed 185 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nashua Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2022, Nashua Country Club generated $9.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $8.2m during the year ending 09/2022. While expenses have increased by 5.8% 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
SOCIAL AND RECREATIONAL CLUB FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES SOCIAL BENEFITS TO ITS MEMBERS PRINCIPALLY THROUGH DINING FACILITIES, GOLF, CURLING AND OTHER ATHLETIC OPPORTUNITIES AND FELLOWSHIP ON AN ONGOING BASIS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Scaer General Manager | Officer | 40 | $173,610 |
Gregg Hollick Golf Professional | Officer | 40 | $156,822 |
Ashim Kapur Board Of Governors | Officer | 1 | $0 |
Denise Mcintyre Board Of Governors | Officer | 1 | $0 |
Daniel Ethier Treasurer | Officer | 1 | $0 |
Robert Burke Board Of Governors | Officer | 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 | $8,516,394 |
| Investment income | $2,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,573 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,163,090 |
| 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. | $330,432 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,718,312 |
| Pension plan accruals and contributions | $56,821 |
| Other employee benefits | $124,905 |
| Payroll taxes | $298,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,229 |
| Fees for services: Accounting | $9,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,502 |
| Advertising and promotion | $0 |
| Office expenses | $13,525 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $293,828 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $173,520 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $688,083 |
| Insurance | $151,879 |
| All other expenses | $537,609 |
| Total functional expenses | $8,160,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $977,526 |
| Savings and temporary cash investments | $1,011,921 |
| Pledges and grants receivable | $240,158 |
| Accounts receivable, net | $698,099 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $264,319 |
| Prepaid expenses and deferred charges | $450,933 |
| Net Land, buildings, and equipment | $7,887,864 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $23,220 |
| Other assets | $322,818 |
| Total assets | $11,876,858 |
| Accounts payable and accrued expenses | $266,003 |
| Grants payable | $0 |
| Deferred revenue | $374,724 |
| 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 | $3,954,612 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,595,339 |
| Net assets without donor restrictions | $9,215,405 |
| Net assets with donor restrictions | -$1,933,886 |
| 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 | $11,876,858 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellesley Country Club Wellesley, MA | $55,523,277 | $17,353,733 |
Pinebrook Country Club Inc Weston, MA | $32,646,318 | $13,203,918 |
Brae Burn Country Club West Newton, MA | $26,622,764 | $12,323,812 |
Charles River Country Club Inc Newton Centre, MA | $20,350,665 | $11,370,458 |
Nashawtuc Country Club Inc Concord, MA | $33,858,798 | $12,655,320 |
Weston Golf Club Inc Weston, MA | $20,248,501 | $11,312,979 |
Woodland Golf Club Of Auburndale Auburndale, MA | $17,847,721 | $11,196,754 |
Dedham Country And Polo Club Dedham, MA | $24,123,080 | $9,937,286 |
Boston Athletic Assoc Boston, MA | $31,710,723 | $11,798,031 |
Nashua Country Club Nashua, NH | $11,876,858 | $9,163,090 |
Eastward Ho Country Club Inc Chatham, MA | $17,613,791 | $8,453,262 |
Myopia Hunt Club South Hamilton, MA | $17,150,391 | $8,958,178 |