Needham Golf Club Inc
- Assets
- $4.7m
- Revenue
- $2.8m
- Investments
- $624.7k
- Employees
- 77
- Location
- Needham, MA
- Founding
- 00/0000
- Data as of
- 10/2023
- EIN
- 04-1655650
Organization Overview
Needham Golf Club Inc is located in Needham, MA. The organization was established in 0000. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Needham Golf Club Inc employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Needham 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 10/2023, Needham Golf Club Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $2.4m during the year ending 10/2023. While expenses have increased by 3.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NINE HOLE COURSE AND CLUB HOUSE FOR THE BENEFIT OF THE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE, 501(C)(7) ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Ernst President | OfficerTrustee | 4 | $0 |
Hans Hagen Vice President | OfficerTrustee | 4 | $0 |
Arthur Flashman Treasurer | OfficerTrustee | 8 | $0 |
Matthew Kane Secretary | OfficerTrustee | 4 | $0 |
Paula Caputo Director | Trustee | 1 | $0 |
Alexandra Clark Director | Trustee | 1 | $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 | $2,812,277 |
| Investment income | $48,225 |
| 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 | -$54,666 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,805,836 |
| 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. | $138,591 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $734,112 |
| Pension plan accruals and contributions | $17,604 |
| Other employee benefits | $12,047 |
| Payroll taxes | $92,933 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,137 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $78,148 |
| Information technology | $43,694 |
| Royalties | $0 |
| Occupancy | $490,470 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,373 |
| Interest | $105,354 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $215,414 |
| Insurance | $62,758 |
| All other expenses | $50,721 |
| Total functional expenses | $2,422,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,910 |
| Savings and temporary cash investments | $930,061 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $158,329 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,726 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,870,552 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $624,669 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,658,247 |
| Accounts payable and accrued expenses | $67,123 |
| Grants payable | $0 |
| Deferred revenue | $67,318 |
| 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 | $2,468,110 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,602,551 |
| Net assets without donor restrictions | $2,055,696 |
| 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 | $4,658,247 |