Oyster Harbors Club Inc
- Assets
- $23.5m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 227
- Location
- Osterville, MA
- Founding
- 03/1948
- Data as of
- 12/2021
- 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 12/2021, Oyster Harbors Club Inc employed 227 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 12/2021, Oyster Harbors Club Inc generated $6.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $6.2m during the year ending 12/2021. While expenses have increased by 3.0% 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
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 440 (AT 12/31/21) 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. 440 MEMBERS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Mayo General Manager | Officer | 40 | $366,227 |
Weston Neff Golf Course Superintendent | 40 | $161,898 | |
David Mclaughlin Executive Chef | 40 | $122,573 | |
Adrienne Herringer Clubhouse Manager | 40 | $116,302 | |
Lori Sajdak Controller | 40 | $115,130 | |
Timothy Largay President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bayside Building Construction | 12/30/20 | $570,428 |
Universal Tennis Professional Tennis Lessons | 12/30/20 | $270,701 |
Colony Rug Carpet Installation | 12/30/20 | $103,677 |
Bayside Building Construction | 12/30/20 | $570,428 |
Universal Tennis Professional Tennis Lessons | 12/30/20 | $270,701 |
Universal Tennis Professional Tennis Lessons | 12/30/20 | $270,701 |
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 | $6,691,955 |
| Investment income | $850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$483,880 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,227,725 |
| 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. | $410,594 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,856,772 |
| Pension plan accruals and contributions | $30,747 |
| Other employee benefits | $219,929 |
| Payroll taxes | $317,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $31,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,981 |
| Advertising and promotion | $0 |
| Office expenses | $77,461 |
| Information technology | $53,776 |
| Royalties | $0 |
| Occupancy | $662,401 |
| Travel | $8,944 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,079 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $992,917 |
| Insurance | $21,223 |
| All other expenses | $221,555 |
| Total functional expenses | $6,222,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,536,925 |
| Savings and temporary cash investments | $173 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $397,463 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $112,665 |
| Prepaid expenses and deferred charges | $108,938 |
| Net Land, buildings, and equipment | $21,264,621 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,252 |
| Total assets | $23,520,037 |
| Accounts payable and accrued expenses | $313,211 |
| 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 | $500 |
| Total liabilities | $313,711 |
| Net assets without donor restrictions | $23,206,326 |
| 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 | $23,520,037 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oyster Harbors Club Inc has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Moran Fam Foundation Tequesta, FL PURPOSE: TO EXEMPT DONEE ORGANIZATION IN THEIR EXEMPT FUNCTION | $250 |
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 |