Bass Rocks Golf Club
- Assets
- $12.0m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 49
- Location
- Gloucester, MA
- Founding
- 10/1942
- Data as of
- 12/2023
- EIN
- 04-1066960
Organization Overview
Bass Rocks Golf Club is located in Gloucester, MA. The organization was established in 1942. 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 12/2023, Bass Rocks Golf Club employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bass Rocks Golf Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Bass Rocks Golf Club generated $4.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $3.9m during the year ending 12/2023. While expenses have increased by 5.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR SOLE PURPOSE IS TO MAINTAIN GOLF & TENNIS FACILITIES THAT ENCOURAGE ATHLETIC EXERCISE AND TO PROVIDE A PLACE FOR SOCIAL GATHERINGS.
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 |
|---|---|---|---|
Frank Sablone President | OfficerTrustee | 15 | $4,650 |
Frank Muzio Vice-President | OfficerTrustee | 5 | $4,650 |
Timothy J Allen Treasurer | OfficerTrustee | 10 | $0 |
Steve Mcgrail Secretary | OfficerTrustee | 5 | $0 |
Timothy Good IV Past President | OfficerTrustee | 0.5 | $0 |
Kathy Bertagna Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goodman Hospitality Llc Catering/f&b Services | 12/30/23 | $822,097 |
Tanto Irrigation Llc Irrigation Work | 12/30/23 | $681,093 |
Bianchini Construction Corp Contractor | 12/30/23 | $283,566 |
Ej Paving Co Inc Pavers | 12/30/23 | $135,249 |
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 | $2,949,986 |
| Investment income | $187,492 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,420 |
| Net Gain/Loss on Asset Sales | $7,484 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,279,228 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,452,610 |
| 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. | $475,684 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $975,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $74,366 |
| Payroll taxes | $160,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,104 |
| Fees for services: Accounting | $21,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,525 |
| Advertising and promotion | $0 |
| Office expenses | $123,249 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $183,100 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $166,126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $429,750 |
| Insurance | $70,778 |
| All other expenses | $27,960 |
| Total functional expenses | $3,890,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,357 |
| Savings and temporary cash investments | $624,606 |
| Pledges and grants receivable | $263,558 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,563 |
| Prepaid expenses and deferred charges | $31,775 |
| Net Land, buildings, and equipment | $8,668,081 |
| Investments—publicly traded securities | $2,241,898 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $78,396 |
| Total assets | $11,964,234 |
| Accounts payable and accrued expenses | $80,178 |
| Grants payable | $0 |
| Deferred revenue | $232,052 |
| 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 | $5,055,287 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,367,517 |
| Net assets without donor restrictions | $6,596,717 |
| Net assets with donor restrictions | $0 |
| 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 | $11,964,234 |