Concord Country Club
- Assets
- $15.7m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 178
- Location
- Concord, MA
- Founding
- 07/1938
- Data as of
- 12/2023
- EIN
- 04-1200680
Organization Overview
Concord Country Club is located in Concord, MA. The organization was established in 1938. 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, Concord Country Club employed 178 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concord 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 12/2023, Concord Country Club generated $7.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $6.6m during the year ending 12/2023. While expenses have increased by 2.8% 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
TO MAINTAIN AND OPERATE RECREATIONAL AND SOCIAL FACILITIES FOR THE BENEFIT OF ITS MEMBERS.
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 |
|---|---|---|---|
Richard D Briggs President | OfficerTrustee | 2.5 | $0 |
Matthew Rupley Vice President | OfficerTrustee | 2.5 | $0 |
Chandler D Fritz Secretary | OfficerTrustee | 2.5 | $0 |
Elizabeth Anthanasoulas Governor | Trustee | 2.5 | $0 |
Steve Principe Governor | Trustee | 2.5 | $0 |
Thomas Sibley Governor | Trustee | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Onyx Corp Irrigation Project Service | 12/30/22 | $186,200 |
Country Golf Inc Course Excavation Work | 12/30/22 | $162,420 |
Austin Architects Llc Architectual Design | 12/30/22 | $101,002 |
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 | $5,442,386 |
| Investment income | $117,451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,820 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,388,113 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,991,770 |
| 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. | $538,163 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,592,439 |
| Pension plan accruals and contributions | $46,571 |
| Other employee benefits | $255,644 |
| Payroll taxes | $353,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,676 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,118 |
| Fees for services: Other | $43,426 |
| Advertising and promotion | $0 |
| Office expenses | $260,244 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $303,602 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,139 |
| Interest | $107 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $836,382 |
| Insurance | $104,930 |
| All other expenses | $88,919 |
| Total functional expenses | $6,649,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $171,850 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,356,727 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $47,122 |
| Prepaid expenses and deferred charges | $183,192 |
| Net Land, buildings, and equipment | $10,504,108 |
| Investments—publicly traded securities | $3,221,533 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $189,057 |
| Total assets | $15,673,589 |
| Accounts payable and accrued expenses | $167,719 |
| Grants payable | $0 |
| Deferred revenue | $1,161,401 |
| 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 | $216,131 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $494,200 |
| Total liabilities | $2,039,451 |
| Net assets without donor restrictions | $13,203,470 |
| Net assets with donor restrictions | $430,668 |
| 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 | $15,673,589 |