Woods Hole Golf Club
- Assets
- $21.3m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 162
- Location
- Falmouth, MA
- Founding
- 11/1942
- Data as of
- 12/2021
- EIN
- 04-1986440
Organization Overview
Woods Hole Golf Club is located in Falmouth, MA. The organization was established in 1942. 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, Woods Hole Golf Club employed 162 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woods Hole 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, Woods Hole Golf Club generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $6.8m during the year ending 12/2021. While expenses have increased by 2.5% 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
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS FOR THE PLEASURE, RECREATION AND SOCIAL ACTIVITIES FOR CLUB MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Zauner General Manager | Officer | 40 | $194,157 |
Ryan Walsh Golf Course Superintendent | Officer | 40 | $154,800 |
Kathleen Leone-Seeley Controller | 40 | $123,777 | |
Glenn Kelly Golf Pro | 40 | $118,363 | |
Raymond Carvey President | OfficerTrustee | 3 | $0 |
Heather A Klimm Secretary | OfficerTrustee | 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 | $6,162,660 |
| Investment income | $5,530 |
| 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 | $1,820,232 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,434,829 |
| 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. | $370,596 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,386,718 |
| Pension plan accruals and contributions | $28,592 |
| Other employee benefits | $118,495 |
| Payroll taxes | $427,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,472 |
| Fees for services: Accounting | $21,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,199 |
| Advertising and promotion | $0 |
| Office expenses | $131,705 |
| Information technology | $14,594 |
| Royalties | $0 |
| Occupancy | $249,705 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $364,466 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,181,165 |
| Insurance | $153,551 |
| All other expenses | $134,233 |
| Total functional expenses | $6,779,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $700 |
| Savings and temporary cash investments | $3,637,704 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,524,214 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $183,115 |
| Prepaid expenses and deferred charges | $406,770 |
| Net Land, buildings, and equipment | $15,501,014 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,253,517 |
| Accounts payable and accrued expenses | $597,864 |
| Grants payable | $0 |
| Deferred revenue | $2,066,429 |
| 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 | $9,081,874 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,746,167 |
| Net assets without donor restrictions | $9,507,350 |
| 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 | $21,253,517 |
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