Ekwanok Country Club is located in Manchester, VT. The organization was established in 1965. 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, Ekwanok Country Club employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ekwanok 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 12/2021, Ekwanok Country Club generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $4.2m during the year ending 12/2021. While expenses have increased by 4.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER, ENCOURAGE AND ENGAGE IN GOLFING AND RELATED ACTIVITIES FOR MEMBERS AND THEIR GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ted A Maddocks General Manager | Officer | 40 | $170,546 |
Andrew Tarwater Asst. General Manager | 40 | $126,500 | |
Alden Maddocks Course Superintendent | 40 | $121,131 | |
Tom Mackey Golf Pro | 40 | $112,999 | |
Thad Buck Chef | 40 | $104,512 | |
Laurence V Senn President & Governor | OfficerTrustee | 2 | $0 |
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 | $3,033,373 |
Investment income | $3,678 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $1,674,176 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,806,636 |
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. | $178,896 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,707,334 |
Pension plan accruals and contributions | $66,650 |
Other employee benefits | $204,421 |
Payroll taxes | $203,183 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $25,420 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $1,750 |
Fees for services: Other | $140,600 |
Advertising and promotion | $0 |
Office expenses | $335,096 |
Information technology | $42,810 |
Royalties | $0 |
Occupancy | $235,409 |
Travel | $8,881 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $535,321 |
Insurance | $48,466 |
All other expenses | $0 |
Total functional expenses | $4,159,294 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $19,199 |
Savings and temporary cash investments | $1,788,147 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $359,995 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $11,249 |
Prepaid expenses and deferred charges | $8,135 |
Net Land, buildings, and equipment | $6,383,785 |
Investments—publicly traded securities | $15,771 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $8,586,281 |
Accounts payable and accrued expenses | $117,389 |
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 | $21,823 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $327,224 |
Total liabilities | $466,436 |
Net assets without donor restrictions | $7,890,577 |
Net assets with donor restrictions | $36,428 |
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 | $8,586,281 |
Beg. Balance | $39,100 |
Earnings | -$245 |
Other Expense | $2,427 |
Ending Balance | $36,428 |
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