Sankaty Head Golf Club Inc
- Assets
- $19.7m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 71
- Location
- Siasconset, MA
- Founding
- 09/1921
- Data as of
- 10/2020
- EIN
- 04-1807755
Organization Overview
Sankaty Head Golf Club Inc is located in Siasconset, MA. The organization was established in 1921. 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 10/2020, Sankaty Head Golf Club Inc employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sankaty Head 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 10/2020, Sankaty Head Golf Club Inc generated $7.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $6.2m during the year ending 10/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE FINEST COUNTRY CLUB SETTING AND EXPERIENCE FOR OUR MEMBERS AND GUESTS. TO OFFER THE BEST SERVICE, QUALITY OF PRODUCT, AND FRIENDLY AND ATTENTIVE SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES
TAX EXEMPT CLUB ACTIVITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Coley Penrose Superintendent | Officer | 40 | $225,793 |
Lori Snell Membership | 40 | $222,278 | |
John Cowden General Manager | Officer | 40 | $203,846 |
Morgan Killion Controller | 40 | $140,769 | |
Damian Gilchrist Chef | 40 | $119,432 | |
Christopher C Quick President | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wager Law Group Leal Services | 10/30/20 | $260,482 |
Jennifer Hudson Golf Professional | 10/30/20 | $132,750 |
Jennifer Hudson Golf Professional | 10/30/20 | $132,750 |
Wager Law Group Leal Services | 10/30/20 | $260,482 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $31,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,326 |
| 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 | $719,876 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,844,860 |
| Statement of Expenses | |
|---|---|
| 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. | $621,733 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,744,979 |
| Pension plan accruals and contributions | $18,091 |
| Other employee benefits | $195,888 |
| Payroll taxes | $198,039 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $257,634 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,568 |
| Advertising and promotion | $0 |
| Office expenses | $112,702 |
| Information technology | $55,930 |
| Royalties | $0 |
| Occupancy | $322,862 |
| Travel | $5,446 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,536,764 |
| Insurance | $145,200 |
| All other expenses | $0 |
| Total functional expenses | $6,162,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $489,763 |
| Savings and temporary cash investments | $982,766 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $533,658 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $200,000 |
| Inventories for sale or use | $55,347 |
| Prepaid expenses and deferred charges | $74,628 |
| Investments—publicly traded securities | $16,812 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $289,154 |
| Total assets | $19,744,368 |
| Accounts payable and accrued expenses | $498,386 |
| Grants payable | $0 |
| Deferred revenue | $27,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $329,728 |
| Total liabilities | $855,114 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $18,889,254 |
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Colony Club New York, NY | $19,784,366 | $16,065,896 |
Creek Inc Locust Valley, NY | $5,369,299 | $13,749,282 |
Woodway Country Club Incorporated Darien, CT | $32,570,201 | $14,880,536 |
Round Hill Club Incorporated Greenwich, CT | $26,532,622 | $13,385,000 |