Dorset Field Club Inc
- Assets
- $8.5m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 107
- Location
- Dorset, VT
- Founding
- 12/1963
- Data as of
- 12/2022
- EIN
- 03-0117775
Organization Overview
Dorset Field Club Inc is located in Dorset, VT. The organization was established in 1963. 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 12/2022, Dorset Field Club Inc employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dorset Field Club Inc 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, Dorset Field Club Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $4.3m during the year ending 12/2022. While expenses have increased by 5.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE & MAINTAIN AN ENVIRONMENT WHERE THE CLUB'S MEMBERS & THEIR FAMILIES MAY ENJOY GOLF, TENNIS, PLATFORM TENNIS, DINNING & SOCIALIZING AND RELAXED & REFINED ATMOSPHERE.
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 |
|---|---|---|---|
Megan Thorn President | OfficerTrustee | 6 | $0 |
Ellen Agress Vice President | OfficerTrustee | 5 | $0 |
Jeffrey Lynch Treasurer | OfficerTrustee | 5 | $0 |
John Rodenburg Secretary | OfficerTrustee | 5 | $0 |
Barbara O'donnell Board Member | Trustee | 5 | $0 |
Michael Spence Board Member | Trustee | 5 | $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 | $3,621,080 |
| Investment income | $24,467 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,494 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,122,071 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,772,462 |
| 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. | $362,085 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,923,331 |
| Pension plan accruals and contributions | $32,578 |
| Other employee benefits | $115,560 |
| Payroll taxes | $210,636 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,992 |
| Advertising and promotion | $0 |
| Office expenses | $56,193 |
| Information technology | $48,758 |
| Royalties | $0 |
| Occupancy | $200,227 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,316 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $430,765 |
| Insurance | $69,237 |
| All other expenses | $72,520 |
| Total functional expenses | $4,270,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,539,736 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $162,610 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $144,382 |
| Prepaid expenses and deferred charges | $106,942 |
| Net Land, buildings, and equipment | $5,952,891 |
| Investments—publicly traded securities | $150,394 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $437,655 |
| Total assets | $8,494,610 |
| Accounts payable and accrued expenses | $322,610 |
| Grants payable | $0 |
| Deferred revenue | $3,250 |
| 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 | $436,794 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $598,150 |
| Total liabilities | $1,360,804 |
| Net assets without donor restrictions | $7,132,889 |
| Net assets with donor restrictions | $917 |
| 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 | $8,494,610 |