Dorset Field Club Inc
- Assets
- $8.0m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 89
- Location
- Dorset, VT
- Founding
- 12/1963
- Data as of
- 12/2021
- 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 12/2021, Dorset Field Club Inc employed 89 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 12/2021, Dorset Field Club Inc generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 5.0% 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
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 |
|---|---|---|---|
Patrick Mcguire General Manager | Officer | 60 | $191,950 |
David Berard Greens Superintendent | 60 | $139,260 | |
Patrick Berry Golf Pro | 60 | $122,043 | |
Ellen Agress Vice President | OfficerTrustee | 5 | $0 |
Jeffrey Lynch Treasurer | OfficerTrustee | 5 | $0 |
Megan Thorn President | OfficerTrustee | 6 | $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 | $3,186,822 |
| Investment income | $1,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,700 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,112,405 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,678,359 |
| 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. | $198,487 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,843,999 |
| Pension plan accruals and contributions | $38,748 |
| Other employee benefits | $144,597 |
| Payroll taxes | $178,023 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,292 |
| Advertising and promotion | $0 |
| Office expenses | $64,351 |
| Information technology | $44,704 |
| Royalties | $0 |
| Occupancy | $198,894 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,344 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $410,800 |
| Insurance | $66,673 |
| All other expenses | $57,525 |
| Total functional expenses | $3,921,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,446,321 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $149,792 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $136,926 |
| Prepaid expenses and deferred charges | $86,497 |
| Net Land, buildings, and equipment | $5,882,572 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $248,906 |
| Total assets | $7,951,014 |
| Accounts payable and accrued expenses | $244,386 |
| Grants payable | $0 |
| Deferred revenue | $4,309 |
| 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 | $410,279 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $660,350 |
| Total liabilities | $1,319,324 |
| Net assets without donor restrictions | $6,600,929 |
| Net assets with donor restrictions | $30,761 |
| 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 | $7,951,014 |
Endowment Analysis
| Beg. Balance | $180,761 |
| Ending Balance | $180,761 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Old Westbury Golf & Country Club Inc Old Westbury, NY | $24,637,751 | $16,881,231 |
Hudson National Golf Club Inc Croton On Hudson, NY | $51,687,185 | $12,086,027 |
Nantucket Golf Club Inc Siasconset, MA | $41,080,926 | $8,761,983 |
Great Harbor Yacht Club Inc Nantucket, MA | $67,641,341 | $7,821,481 |
Fisher Island Club Inc Fishers Island, NY | $26,382,427 | $9,842,592 |
Golf Club Of Marthas Vineyard Inc Edgartown, MA | $54,618,022 | $7,664,048 |
Noyac Golf Club Inc Sag Harbor, NY | $25,263,669 | $11,022,614 |
Huntington Crescent Club Inc Huntington, NY | $18,101,805 | $9,571,803 |
Mill River Club Inc Oyster Bay, NY | $11,730,867 | $8,340,769 |
Oakley Country Club Watertown, MA | $19,643,392 | $9,027,669 |
Garden City Country Club Inc Garden City, NY | $15,572,533 | $8,460,994 |
University Club Of Boston Boston, MA | $34,166,489 | $7,340,957 |