Kittansett Club
- Assets
- $8.9m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 129
- Location
- Marion, MA
- Founding
- 05/1947
- Data as of
- 10/2020
- 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 10/2020, Kittansett Club employed 129 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 10/2020, Kittansett Club generated $5.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $4.5m during the year ending 10/2020. While expenses have increased by 0.5% per year over the past 6 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
2020
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 |
|---|---|---|---|
James Burns Club Manager | Officer | 55 | $196,273 |
John T Kelly Jr Golf Superintendent | Officer | 55 | $159,502 |
Jonathan Tamburro Golf Professional | 55 | $159,396 | |
J Duncan Gratton President | OfficerTrustee | 3 | $0 |
Joseph Sheehan Treasurer | OfficerTrustee | 3 | $0 |
Barbara Shea O'hare Secretary/director | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Read Custom Soils Golf Course Grounds | 10/30/15 | $102,392 |
Mas Golf Construction Golf Course Construction | 10/30/15 | $141,786 |
Tanto Irrigation Golf Course Irrigation Systems | 10/30/15 | $243,772 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,100 |
| 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 | $1,384,891 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,556,802 |
| Statement of Expenses | |
|---|---|
| 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. | $385,955 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,559,111 |
| Pension plan accruals and contributions | $41,090 |
| Other employee benefits | $188,932 |
| Payroll taxes | $250,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,042 |
| Fees for services: Accounting | $19,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,915 |
| Advertising and promotion | $0 |
| Office expenses | $93,741 |
| Information technology | $37,888 |
| Royalties | $0 |
| Occupancy | $217,895 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,596 |
| Interest | $34,876 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $526,734 |
| Insurance | $152,399 |
| All other expenses | $0 |
| Total functional expenses | $4,532,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,277,988 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $468,728 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $172,096 |
| Prepaid expenses and deferred charges | $106,641 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $220,000 |
| Total assets | $8,910,566 |
| Accounts payable and accrued expenses | $411,919 |
| 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 | $696,032 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,107,951 |
| 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 |
| Total liabilities and net assets/fund balances | $7,802,615 |
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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 |
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