Thorny Lea Golf Club Inc
- Assets
- $8.4m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 109
- Location
- Brockton, MA
- Founding
- 09/1952
- Data as of
- 12/2022
- EIN
- 04-1902787
Organization Overview
Thorny Lea Golf Club Inc is located in Brockton, MA. The organization was established in 1952. 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 12/2022, Thorny Lea Golf Club Inc employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thorny Lea 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 12/2022, Thorny Lea Golf Club Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $3.3m during the year ending 12/2022. While expenses have increased by 3.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE COUNTRY CLUB OFFERING GOLF, FOOD AND BEVERAGE FACILITIES TO MEMBERS AND THEIR GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE GOLF COURSE AND CLUBHOUSE FACILITIES FOR ITS MEMBERS AND THEIR GUESTS.
TO PROVIDE AN OPPORTUNITY FOR DINING AND SOCIALIZING FOR ITS MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Gadles President | OfficerTrustee | 4 | $0 |
Thomas Cook Vice President | OfficerTrustee | 4 | $0 |
Jeff Edelson Treasurer | OfficerTrustee | 4 | $0 |
Wayne Mathews Secretary | OfficerTrustee | 4 | $0 |
Patrick Folan Director | Trustee | 2 | $0 |
George Lane Director | Trustee | 2 | $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 | $3,667,679 |
| Investment income | $6,225 |
| 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 | $79,785 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,763,772 |
| 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 | $1,262,006 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $115,384 |
| Payroll taxes | $139,305 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,294 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,997 |
| Advertising and promotion | $655 |
| Office expenses | $43,902 |
| Information technology | $24,423 |
| Royalties | $0 |
| Occupancy | $316,839 |
| Travel | $57 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $124,404 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $370,897 |
| Insurance | $71,056 |
| All other expenses | $176,441 |
| Total functional expenses | $3,294,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $599,179 |
| Savings and temporary cash investments | $1,832,021 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $316,055 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $173,459 |
| Prepaid expenses and deferred charges | $30,091 |
| Net Land, buildings, and equipment | $4,923,636 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $483,149 |
| Total assets | $8,357,590 |
| Accounts payable and accrued expenses | $306,286 |
| Grants payable | $0 |
| Deferred revenue | $1,928,753 |
| 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 | $3,440,337 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,675,376 |
| Net assets without donor restrictions | $2,682,214 |
| 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 | $8,357,590 |