Country Club
- Assets
- $77.8m
- Revenue
- $24.1m
- Investments
- $7.6m
- Employees
- 492
- Location
- Chestnut Hill, MA
- Founding
- 08/1942
- Data as of
- 09/2023
- EIN
- 04-1212940
Organization Overview
Country Club is located in Chestnut Hill, 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 09/2023, Country Club employed 492 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 09/2023, Country Club generated $24.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $22.3m during the year ending 09/2023. While expenses have increased by 6.0% per year over the past 8 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
THE COUNTRY CLUB PROVIDES A NUMBER OF MEMBER SERVICES INCLUDING GOLF, TENNIS, PADDLE TENNIS, SKEET SHOOTING, POND SKATING, CURLING, FINE DINING, SWIMMING AND FITNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COUNTRY CLUB PROVIDES A NUMBER OF MEMBER SERVICES INCLUDING GOLF, TENNIS, PADDLE TENNIS, SKEET SHOOTING, POND SKATING, CURLING, FINE DINING, SWIMMING AND FITNESS TO ITS APPROXIMATELY 1,359 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lyman G Bullard Jr President | OfficerTrustee | 3 | $0 |
Russell T Pyle Treasurer | OfficerTrustee | 8 | $0 |
Andrew E Taylor Jr Secretary | OfficerTrustee | 3 | $0 |
Thomas D French Board Member Eff. 12/22 | Trustee | 3 | $0 |
James F Hunnewell Jr Board Member | Trustee | 3 | $0 |
Linda L Leahy Board Member | Trustee | 3 | $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 | $24,750,356 |
| Investment income | $354,660 |
| 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 | -$1,048,892 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,056,124 |
| 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. | $1,411,102 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,050,629 |
| Pension plan accruals and contributions | $391,844 |
| Other employee benefits | $844,504 |
| Payroll taxes | $697,148 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,910 |
| Fees for services: Accounting | $37,729 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,676 |
| Fees for services: Other | $268,924 |
| Advertising and promotion | $5,825 |
| Office expenses | $396,027 |
| Information technology | $222,621 |
| Royalties | $0 |
| Occupancy | $2,392,862 |
| Travel | $47,272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $284,753 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,309,270 |
| Insurance | $315,281 |
| All other expenses | $1,077,475 |
| Total functional expenses | $22,308,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $448,042 |
| Savings and temporary cash investments | $406,095 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,808,982 |
| Loans from Officers, Directors, or Controlling Persons | $307,228 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $792,293 |
| Prepaid expenses and deferred charges | $302,637 |
| Net Land, buildings, and equipment | $54,887,750 |
| Investments—publicly traded securities | $223,258 |
| Investments—other securities | $7,555,356 |
| Investments—program-related | $0 |
| Intangible assets | $1,215,327 |
| Other assets | $1,844,569 |
| Total assets | $77,791,537 |
| Accounts payable and accrued expenses | $2,594,761 |
| Grants payable | $0 |
| Deferred revenue | $8,266,244 |
| 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 | $4,475,042 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,447,288 |
| Total liabilities | $16,783,335 |
| Net assets without donor restrictions | $61,008,202 |
| 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 | $77,791,537 |