Newport Country Club Inc
- Assets
- $984.6k
- Revenue
- $805.4k
- Investments
- $0.0
- Employees
- 17
- Location
- Newport, VT
- Founding
- 08/1934
- Data as of
- 12/2023
- EIN
- 03-0144952
Organization Overview
Newport Country Club Inc is located in Newport, VT. The organization was established in 1934. 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 12/2023, Newport Country Club Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newport Country 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 12/2023, Newport Country Club Inc generated $805.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $698.5k during the year ending 12/2023. While expenses have increased by 4.9% per year over the past 9 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
OPERATION OF A COLF COURSE AND COUNTRY CLUB, PROMOTING THE SPORT OF RECREATIONAL GOLF TO MEMBERS, CHILDREN AND THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONGOING OPERATION OF A GOLF COURSE AND COUNTRY CLUB
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Marsh Director | Trustee | 0 | $0 |
Annette Patenaude Director | Trustee | 0 | $0 |
Bill Hodgeman Director | Trustee | 0 | $0 |
Michael Worden Director | Trustee | 0 | $0 |
Ben Scherer Director | Trustee | 0 | $0 |
Derek Choquette Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $267,616 |
| 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 | $267,616 |
| Total Program Service Revenue | $326,245 |
| Investment income | $5,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,935 |
| Net Gain/Loss on Asset Sales | $86,477 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $12,113 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $805,355 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $283,931 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,970 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,306 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $926 |
| Office expenses | $25,660 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,684 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,703 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,088 |
| Insurance | $5,293 |
| All other expenses | $14,760 |
| Total functional expenses | $698,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,587 |
| Savings and temporary cash investments | $216,736 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,101 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,900 |
| Net Land, buildings, and equipment | $676,315 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $984,639 |
| Accounts payable and accrued expenses | $80,521 |
| 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 | $384,757 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,462 |
| Total liabilities | $473,740 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $61,900 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $448,999 |
| Total liabilities and net assets/fund balances | $984,639 |