Wollaston Golf Club
- Assets
- $25.2m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 182
- Location
- Milton, MA
- Founding
- 11/1951
- Data as of
- 12/2022
- EIN
- 04-1983120
Organization Overview
Wollaston Golf Club is located in Milton, MA. The organization was established in 1951. 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, Wollaston Golf Club employed 182 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wollaston 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 12/2022, Wollaston Golf Club generated $9.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $7.5m during the year ending 12/2022. While expenses have increased by 8.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE GOLF CLUB WITH POOL & TENNIS AMENITIES FOR THE ENJOYMENT OF THEIR MEMBERS AND IMMEDIATE FAMILY AND GUESTS ALONG WITH A BANQUET FACILITY, ALA CARTE DINING AND OTHER SATELLITE F & B OUTLETS DURING THE SEASON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph P Harrington Jr President | OfficerTrustee | 2 | $0 |
Patrick O'brien Vice President | OfficerTrustee | 1 | $0 |
Michael Flanagan Treasurer | OfficerTrustee | 2 | $0 |
Paul Mcmanus Jr Secretary | OfficerTrustee | 1 | $0 |
John Hynes III Board Member | Trustee | 3 | $0 |
James Bettini Board Member | Trustee | 3 | $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 | $6,093,462 |
| Investment income | $39,046 |
| 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 | $2,948,459 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,080,967 |
| 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. | $442,062 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,094,674 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $353,081 |
| Payroll taxes | $384,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $26,273 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,153 |
| Advertising and promotion | $0 |
| Office expenses | $56,348 |
| Information technology | $58,853 |
| Royalties | $0 |
| Occupancy | $723,450 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $266,926 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $828,824 |
| Insurance | $122,456 |
| All other expenses | $0 |
| Total functional expenses | $7,527,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $452,082 |
| Savings and temporary cash investments | $6,251,399 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $548,653 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $92,420 |
| Inventories for sale or use | $87,056 |
| Prepaid expenses and deferred charges | $122,811 |
| Net Land, buildings, and equipment | $17,225,371 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $396,703 |
| Total assets | $25,176,495 |
| Accounts payable and accrued expenses | $596,877 |
| Grants payable | $0 |
| Deferred revenue | $1,527,557 |
| 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 | $6,778,911 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,702,003 |
| Total liabilities | $13,605,348 |
| Net assets without donor restrictions | $11,571,147 |
| 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 | $25,176,495 |