Foxborough Country Club Inc
- Assets
- $6.3m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 73
- Location
- Foxboro, MA
- Founding
- 08/1961
- Data as of
- 09/2022
- EIN
- 04-2213299
Organization Overview
Foxborough Country Club Inc is located in Foxboro, MA. The organization was established in 1961. 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 09/2022, Foxborough Country Club Inc employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foxborough 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 09/2022, Foxborough Country Club Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $2.6m during the year ending 09/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A SEMI-PRIVATE, RECREATIONAL AND SOCIAL CLUB WITH GOLF COURSE, CLUBHOUSE AND OTHER RECREATIONAL FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A SEMI-PRIVATE, RECREATIONAL AND SOCIAL CLUB WITH GOLF COURSE, CLUBHOUSE AND OTHER RECREATIONAL FACILITIES.
DEPRECIATION ASSOCIATED WITH ORGANIZATION'S EXEMPT PURPOSE AS A RECREATIONAL SOCIAL CLUB WITH GOLF COURSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lou Carangelo President | OfficerTrustee | $0 | |
Norman Choiniere Clerk | OfficerTrustee | $0 | |
Sean Tierney Vice Preside | OfficerTrustee | $0 | |
Robert Truitt Treasurer | OfficerTrustee | $0 | |
Iain Baird Director | Trustee | $0 | |
Thomas Buckley Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $177,852 |
| 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 | $177,852 |
| Total Program Service Revenue | $2,736,518 |
| Investment income | $25,037 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $207,664 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,189,871 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $876,678 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,078 |
| Payroll taxes | $90,362 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,903 |
| Advertising and promotion | $890 |
| Office expenses | $7,561 |
| Information technology | $35,413 |
| Royalties | $0 |
| Occupancy | $142,301 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,847 |
| Interest | $24,452 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $468,735 |
| Insurance | $84,306 |
| All other expenses | $368,353 |
| Total functional expenses | $2,577,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,033,439 |
| Savings and temporary cash investments | $49,061 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $696,369 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,127 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,790,598 |
| Investments—publicly traded securities | $2,016,619 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $649,542 |
| Total assets | $6,264,755 |
| Accounts payable and accrued expenses | $191,086 |
| Grants payable | $0 |
| Deferred revenue | $35,471 |
| 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 | $1,145,000 |
| Other liabilities | $1,510,719 |
| Total liabilities | $2,882,276 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $3,382,479 |
| Total liabilities and net assets/fund balances | $6,264,755 |
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 |