The information for Tatnuck Country Club is as of the organization's most recent filing in February 2020. This organization is located in Worcester, MA and has been in existence for 61 years, following its founding in 1959.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
Tatnuck Country Club's NTEE code is N50. The "N" tells us that the organization is classified along with Recreation & Sports. The "50" tells us that the organization is a Recreational Club. The NTEE describes Recreational Clubs as organizations that make available to members and their guests and facilities for recreational activities, sports and games, as well as social clubs that provide opportunities for people to meet and socialize and special interest clubs that enable people to share hobbies or other interests. These types of organizations are typically 501(c)(7) organizations, which are Social and Recreational Clubs as identified by the Internal Revenue Code.
The Program Service includes golf tournaments, visitors fees, and cart rentals all related to golf course maintenance for club members. It also includes some tennis and pool expenses for the members, as well as salaries and wages for the employees of the club.
Tatnuck Country Club is run by Timothy Rassias, who is the President. The organization has 82 employees, of whom none are paid more than $100k per year (according to the organization's most recent 990 tax filing). There are no volunteers supporting the paid staff.
Tatnuck Country Club is well-governed with a board of 10 voting members and 10 independent members, meaning that the board is not subject to any potential conflicts of interest. The organization has also chosen not to delegate management to an outside firm. Board and committee meetings are documented, and the organization provides copies of the 990 to the board prior to filing. However, Tatnuck Country Club does not have a conflict of interest policy, a written whistleblower policy, or a document retention policy. Additionally, the organization does not substantiate and review leadership or officer salaries. Overall, Tatnuck Country Club is adequately governed given its lack of certain policies.
Tatnuck Country Club has not seen much growth over the given time period, as all of its program service, investment income, other revenue, and employee salary revenue sources have decreased. However, their total expenses have increased and their total employees have increased slightly.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Laurent Treasurer | Officer | 1 | $0 |
Doris Gould Secretary | Officer | 1 | $0 |
John Graham President | Officer | 1 | $0 |
Bill Crimmin Golf Committee Chair | Trustee | 1 | $0 |
John Harrity Grounds Committee Chair | Trustee | 1 | $0 |
Stephen Grenier House Committee Chair | Trustee | 1 | $0 |
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 | $1,314,698 |
Investment income | $23 |
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 | $446,291 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,874,212 |
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 | $808,983 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $4,424 |
Payroll taxes | $145,270 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $15,193 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $10,715 |
Office expenses | $15,398 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $73,683 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $182,897 |
Insurance | $73,855 |
All other expenses | $210,757 |
Total functional expenses | $2,125,910 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $16,375 |
Savings and temporary cash investments | $41,817 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $19,079 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $40,052 |
Prepaid expenses and deferred charges | $10,454 |
Net Land, buildings, and equipment | $2,380,834 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,508,611 |
Accounts payable and accrued expenses | $210,179 |
Grants payable | $0 |
Deferred revenue | $3,450 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $570,000 |
Secured mortgages and notes payable | $951,763 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,735,392 |
Net assets without donor restrictions | $773,219 |
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 | $2,508,611 |
Beg. Balance | $41,794 |
Earnings | $23 |
Ending Balance | $41,817 |
Organization Name | Assets | Revenue |
---|---|---|
Old Westbury Golf & Country Club Inc Old Westbury, NY | $24,637,751 | $16,881,231 |
Innis Arden Golf Club Inc Old Greenwich, CT | $33,992,814 | $14,860,228 |
Hudson National Golf Club Inc Croton On Hudson, NY | $51,687,185 | $12,086,027 |
Nantucket Golf Club Inc Siasconset, MA | $41,080,926 | $8,761,983 |
Great Harbor Yacht Club Inc Nantucket, MA | $67,641,341 | $7,821,481 |
Fisher Island Club Inc Fishers Island, NY | $26,382,427 | $9,842,592 |
Golf Club Of Marthas Vineyard Inc Edgartown, MA | $54,618,022 | $7,664,048 |
Noyac Golf Club Inc Sag Harbor, NY | $25,263,669 | $11,022,614 |
Greenwich Water Club Inc Cos Cob, CT | $34,734 | $8,500,732 |
Huntington Crescent Club Inc Huntington, NY | $18,101,805 | $9,571,803 |
Mill River Club Inc Oyster Bay, NY | $11,730,867 | $8,340,769 |
Oakley Country Club Watertown, MA | $19,643,392 | $9,027,669 |