West Chop Club Inc
- Assets
- $13.7m
- Revenue
- $3.9m
- Investments
- $135.0k
- Employees
- 40
- Location
- Vineyard Haven, MA
- Founding
- 03/1969
- Data as of
- 12/2022
- EIN
- 04-2377299
Organization Overview
West Chop Club Inc is located in Vineyard Haven, MA. The organization was established in 1969. 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 12/2022, West Chop Club Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Chop 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 12/2022, West Chop Club Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 4.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL CLUB FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEALS, LODGING, BOARD FOR MEMBERS
TENNIS LESSONS, GROUP DAY CARE, MERCHANDISE SALES FOR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Mercier General Mgr | Officer | 0 | $141,600 |
John Luke Jr President/governor | OfficerTrustee | 0 | $0 |
W Clark Mcfadden II Vp/governor | OfficerTrustee | 0 | $0 |
Alec Sargent Treasurer/governor | OfficerTrustee | 0 | $0 |
Jay Arnold Secretary/governor | OfficerTrustee | 0 | $0 |
Jeremy Flug Governor | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,335,078 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,511,194 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,846,272 |
| Total Program Service Revenue | $989,207 |
| Investment income | $75,403 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,910,882 |
| 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. | $141,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $596,169 |
| Pension plan accruals and contributions | $1,950 |
| Other employee benefits | $57,861 |
| Payroll taxes | $58,602 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,599 |
| Fees for services: Accounting | $65,544 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $54,426 |
| Information technology | $51,963 |
| Royalties | $0 |
| Occupancy | $374,506 |
| Travel | $4,159 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,071 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $417,161 |
| Insurance | $94,836 |
| All other expenses | $70,416 |
| Total functional expenses | $2,307,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $502,579 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,594 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,419 |
| Prepaid expenses and deferred charges | $141,368 |
| Net Land, buildings, and equipment | $8,362,212 |
| Investments—publicly traded securities | $2,422,086 |
| Investments—other securities | $135,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,120,003 |
| Total assets | $13,723,261 |
| Accounts payable and accrued expenses | $61,615 |
| 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 | $0 |
| Total liabilities | $61,615 |
| Net assets without donor restrictions | $11,062,166 |
| Net assets with donor restrictions | $2,599,480 |
| 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 | $13,723,261 |
Endowment Analysis
| Beg. Balance | $3,312,901 |
| Earnings | -$920,815 |
| Net Contributions | $30,000 |
| Ending Balance | $2,422,086 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Old Westbury Golf & Country Club Inc Old Westbury, NY | $24,637,751 | $16,881,231 |
Innis Arden Golf Club Inc Old Greenwich, CT | $33,992,814 | $14,860,228 |
Hudson National Golf Club Inc Croton On Hudson, NY | $51,687,185 | $12,086,027 |
Nantucket Golf Club Inc Siasconset, MA | $41,080,926 | $8,761,983 |
Great Harbor Yacht Club Inc Nantucket, MA | $67,641,341 | $7,821,481 |
Fisher Island Club Inc Fishers Island, NY | $26,382,427 | $9,842,592 |
Golf Club Of Marthas Vineyard Inc Edgartown, MA | $54,618,022 | $7,664,048 |
Noyac Golf Club Inc Sag Harbor, NY | $25,263,669 | $11,022,614 |
Greenwich Water Club Inc Cos Cob, CT | $34,734 | $8,500,732 |
Huntington Crescent Club Inc Huntington, NY | $18,101,805 | $9,571,803 |
Mill River Club Inc Oyster Bay, NY | $11,730,867 | $8,340,769 |
Oakley Country Club Watertown, MA | $19,643,392 | $9,027,669 |