The information for Singing Beach Club Inc is as of the organization's most recent filing in December 2020. This organization is located in Manchester, MA. It has been in existence for 75 years, following its founding in 1945.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Singing Beach Club Inc's NTEE code is N50. The "N" tells us that the organization is classified along with Recreation & Sports. The "50" tells us that the organization is a Recreational Clubs. The NTEE describes Recreational Clubs as organizations that make available to members and their guests and facilities for recreational activities, sports and games. It also includes social clubs that provide opportunities for people to meet and socialize with their peers and special interest clubs which enable people to share hobbies or other interests.
Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(7) organization. The IRS describes these organizations as Social and Recreational Clubs.
Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Singing Beach Club Inc is to provide goods and services to its members as a social club.
Singing Beach Club Inc. is a social club that provides its members with goods and services. It is funded through the general fund, which reports all revenues, support, and functional expenses that are not reported by another fund or program.
Singing Beach Club Inc is run by Ronald Skates, who is the President. The organization has 61 employees, of whom just 2 are paid more than $100k per year (according to the organization's most recent 990 tax filing). There are no volunteers supporting the paid staff.
Singing Beach Club Inc is well-governed with 8 voting members, 8 independent members, and a conflict of interest policy in place. The organization does not have a written whistleblower policy, but does have a document retention policy. Additionally, the organization substantiates and reviews leadership and officer salaries. Board meetings are documented, but committee meetings are not. Furthermore, the organization does not provide copies of the 990 to the board prior to filing. Despite the lack of a whistleblower policy and documentation of committee meetings, Singing Beach Club Inc has taken steps to ensure good governance and transparency. The organization requires disclosure of conflicts and has delegated management to an internal team. This demonstrates that Singing Beach Club Inc is committed to ensuring good governance and ethical practices.
The Singing Beach Club Inc has grown over the five year period between 2015 and 2020. Program Service Revenue, Investment Income, Total Revenue, Employee Salaries, Total Expenses and Total Employees have all increased during this time period. This demonstrates a steady and significant growth in the organization.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ralph J Poness Key Employee - Chef | 20 | $115,000 | |
Kristopher G Rose Club Manager | 20 | $112,000 | |
Francis M Bradley Secretary | Trustee | 0.25 | $0 |
Mark Brislin Treasurer | Trustee | 0.25 | $0 |
Elizabeth Skates Governor | Trustee | 0.25 | $0 |
Christopher Perkin Governor | Trustee | 0.25 | $0 |
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 | $1,155,982 |
Investment income | $683 |
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 | $296,909 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,705,723 |
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. | $296,000 |
Compensation of current officers, directors, key employees. | $80,080 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $425,258 |
Pension plan accruals and contributions | $14,798 |
Other employee benefits | $0 |
Payroll taxes | $76,307 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $9,213 |
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 | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $222,646 |
Insurance | $0 |
All other expenses | $227,249 |
Total functional expenses | $1,555,949 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $51,901 |
Savings and temporary cash investments | $868,491 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,829 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $46,496 |
Prepaid expenses and deferred charges | $34,366 |
Net Land, buildings, and equipment | $2,666,569 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,670,652 |
Accounts payable and accrued expenses | $28,504 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $28,504 |
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 | $176,224 |
Retained earnings, endowment, accumulated income, or other funds | $3,465,924 |
Total liabilities and net assets/fund balances | $3,670,652 |
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