Cohasset Golf Club
- Assets
- $19.1m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 148
- Location
- Cohasset, MA
- Founding
- 05/1934
- Data as of
- 12/2023
- EIN
- 04-1189290
Organization Overview
Cohasset Golf Club is located in Cohasset, MA. The organization was established in 1934. 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, Cohasset Golf Club employed 148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cohasset 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, Cohasset Golf Club generated $8.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $7.0m during the year ending 12/2023. While expenses have increased by 3.2% per year over the past 6 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
PRIVATE GOLF CLUB INCLUDING GOLF COURSE, DRIVING RANGE, TENNIS COURTS, AND DINING FACILITIES FOR MEMBER USE.
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 |
|---|---|---|---|
Michael Rawson President | OfficerTrustee | 25 | $0 |
Jay Fee Vice President | OfficerTrustee | 10 | $0 |
Steve Matthews Treasurer | OfficerTrustee | 15 | $0 |
Chris Nelson Secretary | OfficerTrustee | 5 | $0 |
Thomas Carroll House Chair | Trustee | 20 | $0 |
Cathy Mcgovern Ec Chair | Trustee | 5 | $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 | $5,815,490 |
| Investment income | $124,545 |
| 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 | $2,016,992 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,957,027 |
| 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. | $512,465 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,464,948 |
| Pension plan accruals and contributions | $33,077 |
| Other employee benefits | $256,529 |
| Payroll taxes | $341,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $268,200 |
| Advertising and promotion | $7,591 |
| Office expenses | $225,015 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $436,623 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $121,833 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,207,889 |
| Insurance | $117,336 |
| All other expenses | $23,955 |
| Total functional expenses | $7,032,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,083,472 |
| Savings and temporary cash investments | $1,579,564 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $223,029 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,650 |
| Prepaid expenses and deferred charges | $174,166 |
| Net Land, buildings, and equipment | $15,269,186 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $771,127 |
| Total assets | $19,144,194 |
| Accounts payable and accrued expenses | $634,792 |
| 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 | $2,817,859 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,412,142 |
| Total liabilities | $4,864,793 |
| Net assets without donor restrictions | $14,279,401 |
| 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 | $19,144,194 |