Hyannis Port Club Inc
- Assets
- $14.0m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 124
- Location
- Hyannis Port, MA
- Founding
- 06/1934
- Data as of
- 11/2021
- EIN
- 04-1465810
Organization Overview
Hyannis Port Club Inc is located in Hyannis Port, 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 11/2021, Hyannis Port Club Inc employed 124 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hyannis Port 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 11/2021, Hyannis Port Club Inc generated $7.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $6.0m during the year ending 11/2021. While expenses have increased by 2.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE, PROMOTE & PROTECT ATHLETIC EXERCISE, ESPECIALLY THE GAME OF GOLF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Klemenz General Manager | Officer | 40 | $256,641 |
Thomas C Colombo Golf Course Manager | Officer | 40 | $178,355 |
Michael Galvin Clubhouse Manager | 40 | $133,804 | |
Nicholas Reney Executive Chef | 40 | $117,205 | |
David Wilson Head Golf Pro | 40 | $115,858 | |
Walter Lankau Controller | 40 | $111,188 |
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 | $4,714,704 |
| Investment income | $9,046 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,006 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,067,206 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,143,931 |
| 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. | $488,588 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,423,696 |
| Pension plan accruals and contributions | $17,412 |
| Other employee benefits | $199,484 |
| Payroll taxes | $328,606 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,105 |
| Fees for services: Accounting | $32,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,263 |
| Advertising and promotion | $0 |
| Office expenses | $182,834 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $276,987 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,875 |
| Interest | $20,309 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $659,364 |
| Insurance | $100,484 |
| All other expenses | $82,606 |
| Total functional expenses | $6,036,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $267,547 |
| Savings and temporary cash investments | $2,813,291 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $492,728 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,262 |
| Prepaid expenses and deferred charges | $88,790 |
| Net Land, buildings, and equipment | $8,490,292 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,814,355 |
| Total assets | $14,021,265 |
| Accounts payable and accrued expenses | $475,642 |
| Grants payable | $0 |
| Deferred revenue | $154 |
| 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 | $539,843 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,220,902 |
| Total liabilities | $3,236,541 |
| Net assets without donor restrictions | $10,784,724 |
| 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 | $14,021,265 |
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