Bear Hill Golf Club Inc
- Assets
- $2.2m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 90
- Location
- Stoneham, MA
- Founding
- 12/1944
- Data as of
- 12/2021
- EIN
- 04-1072870
Organization Overview
Bear Hill Golf Club Inc is located in Stoneham, MA. The organization was established in 1944. 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 12/2021, Bear Hill Golf Club Inc employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bear Hill Golf 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, Bear Hill Golf Club Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 1.9% 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
BEAR HILL GOLF CLUB IS A PRIVATE COUNTRY CLUB PROVIDING GOLF, TENNIS AND POOL FACILITIES FOR ITS MEMBERS. BEAR HILL GOLF CLUB ALSO PROVIDES DINING SERVICES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEAR HILL GOLF CLUB IS A PRIVATE COUNTRY CLUB PROVIDING GOLF, TENNIS AND POOL FACILITIES FOR ITS MEMBERS. BEAR HILL GOLF CLUB ALSO PROVIDES DINING SERVICES FOR ITS MEMBERS. THE FUNCTION / DINING FACILITIES IS AVAILABLE TO NON-MEMBERS FOR PARTIES AND BANQUETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul White Secretary | Officer | 30 | $0 |
Michael Armstrong Treasurer | Officer | 30 | $0 |
Richard Antonelli President | Officer | 40 | $0 |
Tom Mackay Vice-President | Officer | 30 | $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 | $2,321,259 |
| Investment income | $618 |
| 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 | $982,723 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,304,600 |
| 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 | $1,493,559 |
| Pension plan accruals and contributions | $22,700 |
| Other employee benefits | $69,051 |
| Payroll taxes | $164,844 |
| Fees for services: Management | $4,273 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,017 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $154,705 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,923 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $218,443 |
| Insurance | $15,305 |
| All other expenses | $343,423 |
| Total functional expenses | $2,863,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $422,803 |
| Savings and temporary cash investments | $16,388 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,214 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,870 |
| Prepaid expenses and deferred charges | $22,990 |
| Net Land, buildings, and equipment | $1,672,499 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,243,764 |
| Accounts payable and accrued expenses | $69,111 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $573,990 |
| Other liabilities | $74,000 |
| Total liabilities | $717,101 |
| Net assets without donor restrictions | $0 |
| 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 | $1,526,663 |
| Total liabilities and net assets/fund balances | $2,243,764 |
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