Hopedale Country Club Inc
- Assets
- $1.5m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 25
- Location
- Hopedale, MA
- Founding
- 03/1955
- Data as of
- 02/2023
- EIN
- 04-2172615
Organization Overview
Hopedale Country Club Inc is located in Hopedale, MA. The organization was established in 1955. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 02/2023, Hopedale Country Club Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopedale Country 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 02/2023, Hopedale Country Club Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $980.0k during the year ending 02/2023. While expenses have increased by 4.2% 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
OPERATION OF A 9 HOLE GOLF COURSE, PROVIDING SCHOLARSHIPS, PROVIDING A PLACE FOR SENIORS TO PLAY INEXPENSIVE AND FOR JUNIORS TO LEARN THE GAME. PROVIDES A PLACE FOR 2 HIGH SCHOOL GOLF PROGRAMS TO PRACTICE AND PLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A 9 HOLE GOLF COURSE, ALLOWING JUNIORS AND SENIORS A PLACE TO PLAY TO ALLOW LOCAL GROUPS TO PLAY AND RAISE FUNDS TO PROVIDE SCHOLARSHIPS AND TO PROVIDE A PLACE FOR THE HOPEDALE AND MILFORD HIGH SCHOOL GOLF PROGAMS TO PRACTICE AND PLAY MATCHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Haynes Treasurer | OfficerTrustee | 8 | $7,200 |
Donald Stewardson Director | Trustee | 0 | $0 |
Christopher Tuttle Director | Trustee | 0 | $0 |
James Duffy Clerk | Trustee | 0 | $0 |
Paul Cellucci President | Trustee | 0 | $0 |
John Tommaro Director | Trustee | 0 | $0 |
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 | $871,105 |
| 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 | $162,717 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,033,822 |
| 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. | $7,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,331 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,784 |
| Payroll taxes | $45,299 |
| Fees for services: Management | $9,600 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $800 |
| Office expenses | $12,234 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $191,817 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,646 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,921 |
| Insurance | $35,349 |
| All other expenses | $22,732 |
| Total functional expenses | $980,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $434,695 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,056,910 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,000 |
| Total assets | $1,503,105 |
| Accounts payable and accrued expenses | $3,244 |
| Grants payable | $0 |
| Deferred revenue | $306,622 |
| 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 | $671,971 |
| Unsecured mortgages and notes payable | $300,000 |
| Other liabilities | $21,714 |
| Total liabilities | $1,303,551 |
| Net assets without donor restrictions | $199,554 |
| 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 | $1,503,105 |