Worcester Club
- Assets
- $2.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 32
- Location
- Worcester, MA
- Founding
- 09/1934
- Data as of
- 04/2022
- EIN
- 04-1988860
Organization Overview
Worcester Club is located in Worcester, MA. The organization was established in 1934. 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 04/2022, Worcester Club employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worcester Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 04/2022, Worcester Club generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $1.6m during the year ending 04/2022. While expenses have increased by 14.1% 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
PROVISION OF FACILITIES TO MEMBERS FOR SOCIAL AND INTELLECTUAL ENHANCEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Z Laplant Club Manager | Officer | 40 | $115,146 |
Stafano Zimei Executive Chef | 40 | $110,353 | |
Kenneth C Pickering President | OfficerTrustee | 2 | $0 |
J Christopher Collins Secretary | OfficerTrustee | 2 | $0 |
Kenneth M Robbins Treasurer | OfficerTrustee | 2 | $0 |
Eric K Torkornoo Vice President Membership | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $873,235 |
| 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 | $873,235 |
| Total Program Service Revenue | $38,974 |
| Investment income | $0 |
| 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 | $567,061 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,479,270 |
| 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. | $115,146 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $589,595 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $10,945 |
| Other employee benefits | $64,005 |
| Payroll taxes | $80,974 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,587 |
| Fees for services: Accounting | $24,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,638 |
| Information technology | $56,001 |
| Royalties | $0 |
| Occupancy | $248,289 |
| Travel | $6,814 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,204 |
| Interest | $19,781 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $227,938 |
| Insurance | $42,488 |
| All other expenses | $12,975 |
| Total functional expenses | $1,614,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $318,204 |
| Savings and temporary cash investments | $78,004 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $207,119 |
| Loans from Officers, Directors, or Controlling Persons | $112,616 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $79,581 |
| Prepaid expenses and deferred charges | $24,921 |
| Net Land, buildings, and equipment | $1,212,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,032,990 |
| Accounts payable and accrued expenses | $190,149 |
| Grants payable | $0 |
| Deferred revenue | $89,134 |
| 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 | $423,123 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $175,245 |
| Total liabilities | $877,651 |
| Net assets without donor restrictions | $0 |
| 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 | $1,155,339 |
| Total liabilities and net assets/fund balances | $2,032,990 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Wee Burn Country Club Inc Darien, CT | $32,519,463 | $16,725,850 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
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 |