Oyster Harbors Club Inc
- Assets
- $25.9m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 264
- Location
- Osterville, MA
- Founding
- 03/1948
- Data as of
- 12/2023
- EIN
- 04-2026125
Organization Overview
Oyster Harbors Club Inc is located in Osterville, MA. The organization was established in 1948. 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 12/2023, Oyster Harbors Club Inc employed 264 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oyster Harbors Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Oyster Harbors Club Inc generated $7.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $6.7m during the year ending 12/2023. While expenses have increased by 3.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OYSTER HARBORS CLUB IS A CLUB THAT HAS ATHLETIC, RECREATIONAL AND SOCIAL ACTIVITIES. THE FACILITY INCLUDES AN 18 HOLE GOLF COURSE, 5 TENNIS COURTS AND A BEACH AREA. THE CLUB HOLDS NUMEROUS SOCIAL FUNCTIONS FOR ITS 439 (AT 12/31/23) MEMBERS, INCLUDING DINNER DANCES, SPEAKERS, BRIDGE, A 4TH OF JULY PICNIC AND GOLF/TENNIS RELATED FUNCTIONS. THE CLUB ALSO PROVIDES RECREATIONAL PROGRAMS FOR MEMBER'S CHILDREN AND GRANDCHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DINING, GOLF, DAY CAMP, AND OTHER SPORTS ACTIVITIES FOR APPROX. 439 MEMBERS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremiah T Doyle President, Director | OfficerTrustee | 3 | $0 |
John V Murphy Treasurer, Director | OfficerTrustee | 3 | $0 |
Henry L Murphy III Clerk, Director | OfficerTrustee | 1 | $0 |
Henry L Murphy Jr Assistant Clerk, Director | OfficerTrustee | 1 | $0 |
Hillary Baker Director | Trustee | 1 | $0 |
Stephen Demirjian Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bayside Builders Construction | 12/30/23 | $919,925 |
Universal Tennis Professional Tennis Lessons | 12/30/23 | $268,554 |
Labar Golf Renovations Golf Course Renovations | 12/30/23 | $255,000 |
Colony Rug Company Carpet Replacement | 12/30/23 | $199,848 |
Watertronics Pump And Irrigation Specialists | 12/30/23 | $129,305 |
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 | $7,911,331 |
| Investment income | $130,959 |
| 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 | -$626,263 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,416,027 |
| 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. | $496,009 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,955,145 |
| Pension plan accruals and contributions | $43,280 |
| Other employee benefits | $326,270 |
| Payroll taxes | $280,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,002 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $128,188 |
| Advertising and promotion | $0 |
| Office expenses | $77,088 |
| Information technology | $47,763 |
| Royalties | $0 |
| Occupancy | $733,462 |
| Travel | $6,816 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,470 |
| Interest | $4,424 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,056,731 |
| Insurance | $31,867 |
| All other expenses | $217,725 |
| Total functional expenses | $6,706,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,792 |
| Savings and temporary cash investments | $2,605,125 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $143,468 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $81,111 |
| Prepaid expenses and deferred charges | $146,548 |
| Net Land, buildings, and equipment | $21,699,054 |
| Investments—publicly traded securities | $108,461 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $917,731 |
| Other assets | $50,207 |
| Total assets | $25,860,497 |
| Accounts payable and accrued expenses | $275,902 |
| 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 | $876,522 |
| Total liabilities | $1,152,424 |
| Net assets without donor restrictions | $24,708,073 |
| 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 | $25,860,497 |