Country Club Of New Bedford
- Assets
- $3.4m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 137
- Location
- N Dartmouth, MA
- Founding
- 08/1934
- Data as of
- 12/2022
- EIN
- 04-1212945
Organization Overview
Country Club Of New Bedford is located in N Dartmouth, 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 12/2022, Country Club Of New Bedford employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Country Club Of New Bedford is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Country Club Of New Bedford generated $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $3.7m during the year ending 12/2022. While expenses have increased by 3.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A GOLF COURSE AND RESTAURANT FOR CLUB MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB OPERATES AN 18 HOLE GOLF COURSE, RESTAURANT AND CLUB HOUSE FOR THE BENEFIT OF OVER 500 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil Wendell Golf Course Super | 40 | $112,000 | |
Vincent Forte Pga Head Profssnl | 40 | $88,384 | |
Brian Dyl Turf Equipment Mec | 40 | $62,567 | |
Henry Garcia Golf Course Super | 40 | $60,771 | |
Viorica Lupescu Kitchen | 40 | $59,184 | |
Doug Glassman Director | 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 | $2,777,859 |
| Investment income | $0 |
| 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 | $1,009,573 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,787,432 |
| 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 | $1,626,894 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $54,923 |
| Payroll taxes | $209,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,950 |
| Fees for services: Accounting | $9,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $61,141 |
| Office expenses | $8,962 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $318,484 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $98,463 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $185,565 |
| Insurance | $67,541 |
| All other expenses | $218,157 |
| Total functional expenses | $3,699,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,369 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $564,867 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $130,102 |
| Prepaid expenses and deferred charges | $25,573 |
| Net Land, buildings, and equipment | $2,620,115 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $86,323 |
| Other assets | $0 |
| Total assets | $3,449,349 |
| Accounts payable and accrued expenses | $549,596 |
| Grants payable | $0 |
| Deferred revenue | $530,465 |
| 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 | $2,292,357 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,243 |
| Total liabilities | $3,397,661 |
| Net assets without donor restrictions | $51,688 |
| 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 | $3,449,349 |