Sagamore Beach Colony Club
- Assets
- $486.3k
- Revenue
- $219.4k
- Investments
- $0.0
- Employees
- 21
- Location
- Sagamore Bch, MA
- Founding
- 03/1998
- Data as of
- 05/2024
- EIN
- 04-2813477
Organization Overview
Sagamore Beach Colony Club is located in Sagamore Bch, MA. The organization was established in 1998. 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 05/2024, Sagamore Beach Colony Club employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sagamore Beach Colony Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2024, Sagamore Beach Colony Club generated $219.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $225.1k during the year ending 05/2024. While expenses have increased by 15.1% per year over the past 4 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE SAGAMORE BEACH COLONY CLUB SBCC EXEMPT PURPOSE IS FOR THE ADVANCEMENT OF THE CIVIC INTEREST OF THE SAGAMORE BEACH COLONY CLUB. SEE PART III FOR MORE DETAILS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SBCC PROVIDED 60 CHILDREN RANGING FROM AGES 5 TO 13 VARIOUS ACTIVITIES INCLUDING SWIMMING BEACH ACTIVITIES TENNIS INSTRUCTIONS ARTS AND CRAFTS AND NATURE PROJECTS SCIENCE TECHNOLOGY ENGINEERING AND MATHEMATICS STEM WITH OUTDOOR SPORTS FOR 8 WEEKS OF THE SEASON SEASON-JUNE 26 2023 TO AUGUST 18 2023.
RACQUET PROGRAM PROVIDED OVER 65 TENNIS MEMBER FACILITIES TO PLAY TENNIS PICKLEBALL DURING THE YEAR. THE FOUR RACQUET COURTS ARE AVAILABLE FOR USE FROM 8 A.M. TO 8 P.M. AND RESTRICTED WITH PRIORITY USE BY THE JUNIOR TENNIS PROGRAM DURING THE 8 WEEK SEASON JUNE 26 2023 TO AUGUST 18 2023.
JUNIOR TENNIS PROGRAM PROVIDED 20 KIDS RANGING FROM 5 TO 15 YEARS OLD FOR THE EIGHT WEEK SEASON. JUNE 26 2023 TO AUGUST 19 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Doyle President | Officer | 6 | $0 |
Suzanne Conran Vice President | Officer | 4 | $0 |
Deanna Waldron Treasurer | Officer | 6 | $0 |
Rose Doyle Asst Treasurer | Officer | 4 | $0 |
Patricia Sharman Secretary | Officer | 0.25 | $0 |
Valerie Borden Board Of Governor | Officer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $36,548 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,788 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,336 |
| Total Program Service Revenue | $152,464 |
| Investment income | $3,117 |
| 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 | $219,442 |
| 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 | $84,802 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,928 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $3,611 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,009 |
| 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 | $35,415 |
| Insurance | $13,012 |
| All other expenses | $4,897 |
| Total functional expenses | $225,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,155 |
| Savings and temporary cash investments | $156,760 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $8,602 |
| Net Land, buildings, and equipment | $266,034 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,719 |
| Other assets | $0 |
| Total assets | $486,270 |
| Accounts payable and accrued expenses | $2,250 |
| 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 | $18,100 |
| Total liabilities | $20,350 |
| 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 | $465,920 |
| Total liabilities and net assets/fund balances | $486,270 |