Edgartown Golf Club Inc
- Assets
- $2.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 18
- Location
- Edgartown, MA
- Founding
- 01/1977
- Data as of
- 10/2022
- EIN
- 04-1278305
Organization Overview
Edgartown Golf Club Inc is located in Edgartown, MA. The organization was established in 1977. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 10/2022, Edgartown Golf Club Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edgartown 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 10/2022, Edgartown Golf Club Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $1.2m during the year ending 10/2022. While expenses have increased by 3.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A PRIVATE GOLF CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PRIVATE GOLF CLUB
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alfred Woollacott Treasurer/vice President | OfficerTrustee | 0 | $0 |
John Mettler President | OfficerTrustee | 0 | $0 |
Robert K Brown Secretary | OfficerTrustee | 0 | $0 |
Brian Gibney Governor | Trustee | 0 | $0 |
Phillip J Norton Jr Governor | Trustee | 0 | $0 |
Peter Getsinger Governor | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,084,265 |
| 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 | $1,084,265 |
| Total Program Service Revenue | $128,903 |
| Investment income | $28 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,615 |
| 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 | $10,401 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,226,212 |
| 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 | $508,969 |
| Pension plan accruals and contributions | $30,523 |
| Other employee benefits | $66,213 |
| Payroll taxes | $52,895 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,960 |
| 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 | $14,182 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $88,865 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,784 |
| Insurance | $0 |
| All other expenses | $11,991 |
| Total functional expenses | $1,187,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,693 |
| Savings and temporary cash investments | $154,393 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,123 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,951 |
| Prepaid expenses and deferred charges | $39,568 |
| Net Land, buildings, and equipment | $2,314,585 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,624,313 |
| Accounts payable and accrued expenses | $275,034 |
| Grants payable | $0 |
| Deferred revenue | $90,000 |
| 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 | $1,095,547 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,000 |
| Total liabilities | $1,465,581 |
| Net assets without donor restrictions | $1,158,732 |
| 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 | $2,624,313 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quaker Ridge Golf Club Inc Scarsdale, NY | $45,555,222 | $13,797,158 |
Scarsdale Golf Club Inc Hartsdale, NY | $24,959,613 | $12,672,303 |
Hartford Golf Club West Hartford, CT | $10,526,252 | $10,110,374 |
Hempstead Golf Club Inc Hempstead, NY | $9,116,815 | $9,107,574 |
Blind Brook Club Inc Purchase, NY | $28,184,694 | $8,355,363 |
Westchester Hills Golf Club White Plains, NY | $7,065,789 | $7,028,257 |
Golf Club Of Avon Inc Avon, CT | $12,352,994 | $6,540,190 |
Nissequogue Golf Club Inc St James, NY | $10,129,606 | $6,149,464 |
Massachusetts Golf Association Inc Norton, MA | $15,590,916 | $5,132,097 |
Hatherly Golf Club Inc N Scituate, MA | $7,824,887 | $4,661,399 |
First Tee New York Inc Bronx, NY | $7,549,038 | $6,113,567 |
Professional Golfers Assn New England Section Pga Of America Boylston, MA | $3,506,395 | $3,841,332 |