Belmont Hill Club Inc
- Assets
- $4.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 76
- Location
- Belmont, MA
- Founding
- 04/1968
- Data as of
- 12/2023
- EIN
- 04-2426559
Organization Overview
Belmont Hill Club Inc is located in Belmont, MA. The organization was established in 1968. 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 12/2023, Belmont Hill Club Inc employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belmont Hill 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 12/2023, Belmont Hill Club Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 1.9% 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
A PRIVATE CLUB WHICH OFFERS SWIMMING, TENNIS AND OTHER RECREATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OFFERED SWIMMING, TENNIS AND OTHER RECREATIONAL ACTIVITIES TO IT'S MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Lewis President/director | OfficerTrustee | 4 | $0 |
David Hamer Treasurer/director | OfficerTrustee | 4 | $0 |
Amanda Lubarsky Clerk/director | OfficerTrustee | 4 | $0 |
Gary Pforzheimer Vice President/director | OfficerTrustee | 4 | $0 |
Brit Dewey Director | Trustee | 1 | $0 |
Rene Hudson Director | Trustee | 1 | $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 | $21,239 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,239 |
| Total Program Service Revenue | $1,586,667 |
| Investment income | $24,947 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,477 |
| 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 | $1,821,499 |
| 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 | $824,424 |
| Pension plan accruals and contributions | $10,437 |
| Other employee benefits | $31,903 |
| Payroll taxes | $74,374 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,960 |
| Fees for services: Accounting | $13,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,781 |
| Advertising and promotion | $0 |
| Office expenses | $43,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $312,512 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $270,912 |
| Insurance | $37,711 |
| All other expenses | $64,379 |
| Total functional expenses | $2,063,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,209 |
| Savings and temporary cash investments | $1,000,888 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $152,104 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,893 |
| Net Land, buildings, and equipment | $3,667,632 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,795 |
| Other assets | $0 |
| Total assets | $4,859,521 |
| Accounts payable and accrued expenses | $6,068 |
| 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 | $111,019 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $827,890 |
| Total liabilities | $944,977 |
| Net assets without donor restrictions | $3,914,544 |
| 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 | $4,859,521 |