Foxborough Country Club Inc
- Assets
- $8.4m
- Revenue
- $152.0k
- Investments
- $0.0
- Employees
- 78
- Location
- Foxboro, MA
- Founding
- 08/1961
- Data as of
- 10/2023
- 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 09/2023, Foxborough Country Club Inc employed 78 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 10/2023, Foxborough Country Club Inc generated $152.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (28.3%) each year. All expenses for the organization totaled $157.3k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (27.6%) per year over the past 8 years. 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
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.
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 |
|---|---|---|---|
Thomas Buckley Director | Trustee | $0 | |
Susan Burlone Director | Trustee | $0 | |
Lou Carangelo President | OfficerTrustee | $0 | |
Paul Carey Director | Trustee | $0 | |
Norman Choiniere Clerk | OfficerTrustee | $0 | |
Dave Connolly Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,092 |
| 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 | $42,092 |
| Total Program Service Revenue | $60,597 |
| Investment income | $17,606 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $23,226 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $152,029 |
| 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 | $82,130 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,913 |
| Payroll taxes | $8,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $639 |
| Advertising and promotion | $250 |
| Office expenses | $407 |
| Information technology | $1,047 |
| Royalties | $0 |
| Occupancy | $5,463 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $589 |
| Interest | $8,884 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,438 |
| Insurance | $92,518 |
| All other expenses | $7,114 |
| Total functional expenses | $157,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,764,326 |
| Savings and temporary cash investments | $56,237 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $944,226 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $492 |
| Inventories for sale or use | $27,714 |
| Prepaid expenses and deferred charges | $14,191 |
| Net Land, buildings, and equipment | $1,827,387 |
| Investments—publicly traded securities | $2,077,687 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $252,454 |
| Other assets | $1,460,602 |
| Total assets | $8,425,316 |
| Accounts payable and accrued expenses | $142,572 |
| Grants payable | $0 |
| Deferred revenue | $39,450 |
| 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 | $1,259,166 |
| Unsecured mortgages and notes payable | $1,015,000 |
| Other liabilities | $1,990,639 |
| Total liabilities | $4,446,827 |
| 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 | $3,978,489 |
| Total liabilities and net assets/fund balances | $8,425,316 |