Wollaston Golf Club
- Assets
- $22.7m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 154
- Location
- Milton, MA
- Founding
- 11/1951
- Data as of
- 12/2021
- 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 12/2021, Wollaston Golf Club employed 154 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 12/2021, Wollaston Golf Club generated $8.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $6.5m during the year ending 12/2021. While expenses have increased by 6.3% 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Grandon General Manager | Officer | 40 | $237,921 |
David Dwinell Greens Superintendent | Officer | 40 | $173,846 |
Rosemary Blasi Controller | 40 | $141,135 | |
Nikki Gulla Clubhouse Manager | 40 | $131,077 | |
Michael Hogan Executive Chef | 40 | $125,211 | |
Joseph P Harrington Jr President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $612,970 |
| 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 | $612,970 |
| Total Program Service Revenue | $4,891,418 |
| Investment income | $10,808 |
| 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 | $2,294,400 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,159,152 |
| 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. | $449,914 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,559,721 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $262,319 |
| Payroll taxes | $347,120 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,443 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,060 |
| Advertising and promotion | $0 |
| Office expenses | $50,842 |
| Information technology | $51,362 |
| Royalties | $0 |
| Occupancy | $634,226 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $272,239 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $777,293 |
| Insurance | $107,745 |
| All other expenses | $0 |
| Total functional expenses | $6,528,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $321,594 |
| Savings and temporary cash investments | $4,278,712 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $581,485 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $67,080 |
| Inventories for sale or use | $69,191 |
| Prepaid expenses and deferred charges | $68,884 |
| Net Land, buildings, and equipment | $17,154,766 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $139,667 |
| Total assets | $22,681,379 |
| Accounts payable and accrued expenses | $317,835 |
| Grants payable | $0 |
| Deferred revenue | $872,791 |
| 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 | $7,014,422 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,457,667 |
| Total liabilities | $12,662,715 |
| Net assets without donor restrictions | $10,018,664 |
| 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 | $22,681,379 |
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Greenwich Country Club Greenwich, CT | $48,407,804 | $23,136,592 |
Harvard Club Of New York City New York, NY | $57,363,784 | $14,784,742 |
Wellesley Country Club Wellesley, MA | $55,523,277 | $17,353,733 |
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 |