Longmeadow Golf Club
- Assets
- $4.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 47
- Location
- Lowell, MA
- Founding
- 06/1972
- Data as of
- 09/2023
- EIN
- 04-1554115
Organization Overview
Longmeadow Golf Club is located in Lowell, MA. The organization was established in 1972. 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, Longmeadow Golf Club employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Longmeadow Golf 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, Longmeadow Golf Club generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $2.0m during the year ending 09/2023. While expenses have increased by 3.1% 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
TO PROVIDE AN EXCEPTIONALLY WELL MAINTAINED AND MANAGED GOLF COURSE AND CLUB THAT FOSTERS MEMBER CAMARADERIE THROUGH MUTUAL RESPECT, FRIENDLY COMPETITIVE GOLF, CASUAL DINING AND INCLUSIVE SOCIAL EXPERIENCES WHILE OPERATING IN A FINANCIALLY VIABLE MANNER AS A GOOD NEIGHBOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A QUALITY GOLF ENVIRONMENT FOR THE MEMBERSHIP
PROVIDE A QUALITY SOCIAL EXPERIENCE TO THE MEMBERSHIP VIA THE MEMBERS LOUNGE
PROVIDE ACCESS TO A FEATURE RICH FUNCTION HALL INCLUDING FOOD AND BAR SERVICES ALONG WITH AV TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Allison President | OfficerTrustee | 15 | $0 |
David Flanagan Jr Vice Preside | OfficerTrustee | 5 | $0 |
Leo Sheridan Treasurer | OfficerTrustee | 10 | $0 |
Brian Barry Jr Director | Trustee | 3 | $0 |
Don Mcgillicuddy Director | Trustee | 3 | $0 |
John Sheehian Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $265,119 |
| 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 | $265,119 |
| Total Program Service Revenue | $1,626,260 |
| Investment income | $15,238 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,706 |
| 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 | $369,228 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,316,218 |
| 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 | $633,070 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,494 |
| Payroll taxes | $78,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,024 |
| Advertising and promotion | $0 |
| Office expenses | $20,724 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $123,143 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $118,854 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $229,527 |
| Insurance | $90,321 |
| All other expenses | $281,172 |
| Total functional expenses | $2,025,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,137,855 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,381 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,760 |
| Prepaid expenses and deferred charges | $44,092 |
| Net Land, buildings, and equipment | $2,715,670 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $231,408 |
| Total assets | $4,183,166 |
| Accounts payable and accrued expenses | $51,334 |
| Grants payable | $0 |
| Deferred revenue | $12,065 |
| 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 | $2,220,026 |
| Unsecured mortgages and notes payable | $16,550 |
| Other liabilities | $198,057 |
| Total liabilities | $2,498,032 |
| Net assets without donor restrictions | $1,685,134 |
| 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 | $4,183,166 |