Kittansett Club
- Assets
- $11.9m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 133
- Location
- Marion, MA
- Founding
- 05/1947
- Data as of
- 10/2023
- EIN
- 04-2035017
Organization Overview
Kittansett Club is located in Marion, MA. The organization was established in 1947. 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 10/2023, Kittansett Club employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kittansett Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, Kittansett Club generated $6.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $6.7m during the year ending 10/2023. While expenses have increased by 5.5% per year over the past 8 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
GOLF CLUB FOR MEMBERS AND GUESTS.
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 |
|---|---|---|---|
Duncan Gratton President | OfficerTrustee | 3 | $0 |
Benjamin Procter Vice President | OfficerTrustee | 3 | $0 |
Joseph Sheehan Treasurer | OfficerTrustee | 3 | $0 |
Jesse Stanesa Secretary | OfficerTrustee | 3 | $0 |
Patrick Fischoeder Director | Trustee | 3 | $0 |
Matt Osbourne Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Daniel R Sylvia Construction For Buiding Of New Deck | 10/30/22 | $417,581 |
Meg Braff Designs Llc Interior Design For Bar In Seaside Dinin | 10/30/22 | $241,310 |
Mas Golf Course Renovation & Constructio Worked For Bunker Upgrade | 10/30/22 | $763,220 |
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 | $4,628,343 |
| Investment income | $37,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,208,786 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,884,987 |
| 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. | $452,165 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,952,822 |
| Pension plan accruals and contributions | $70,110 |
| Other employee benefits | $293,963 |
| Payroll taxes | $347,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,482 |
| Fees for services: Accounting | $27,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,796 |
| Advertising and promotion | $0 |
| Office expenses | $133,964 |
| Information technology | $68,406 |
| Royalties | $0 |
| Occupancy | $264,248 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,915 |
| Interest | $82,076 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $652,606 |
| Insurance | $299,959 |
| All other expenses | $127,971 |
| Total functional expenses | $6,749,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,212 |
| Savings and temporary cash investments | $2,157,427 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $501,563 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $253,981 |
| Prepaid expenses and deferred charges | $191,155 |
| Net Land, buildings, and equipment | $8,170,591 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $541,303 |
| Total assets | $11,871,232 |
| Accounts payable and accrued expenses | $671,722 |
| 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 | $2,810,377 |
| Total liabilities | $3,482,099 |
| Net assets without donor restrictions | $8,389,133 |
| 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 | $11,871,232 |