Hatherly Golf Club Inc
- Assets
- $7.8m
- Revenue
- $4.7m
- Investments
- $142.6k
- Employees
- 95
- Location
- N Scituate, MA
- Founding
- 02/1992
- Data as of
- 10/2021
- EIN
- 04-2981443
Organization Overview
Hatherly Golf Club Inc is located in N Scituate, MA. The organization was established in 1992. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 10/2021, Hatherly Golf Club Inc employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hatherly Golf 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 10/2021, Hatherly Golf Club Inc generated $4.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $4.0m during the year ending 10/2021. While expenses have increased by 1.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE SUITABLE FACILITIES FOR ATHLETIC ACTIVITIES, INCLUDING GOLF AND TENNIS, AND TO ENCOURAGE ALL MEMBERS TO PARTICIPATE IN THOSE ATHLETIC ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ENCOURAGES THE SPORTS OF GOLF AND TENNIS AND PROVIDES A SUITABLE GOLF COURSE AND TENNIS COURTS FOR THE BENEFIT OF ITS 440 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth R Johnson Jr Head Golf Professional | 40 | $134,488 | |
Richard Caughey Grounds Manager | 40 | $131,206 | |
Jeffrey Heyl Executive Chef | 40 | $100,716 | |
John Dolan Jr Director/president Thru 11/12/20 | OfficerTrustee | 1 | $0 |
Frank Colpoys Director/vice President A/o 11/12/20 | OfficerTrustee | 1 | $0 |
Thomas Mcnulty Director/president A/o 11/12/20 | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Weed & Feed Dba Dht Golf Golf Course Construction/consulting | 10/30/21 | $1,069,657 |
Watertronics Llc Golf Course Construction/consulting | 10/30/21 | $111,544 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,705,430 |
| Investment income | $48 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,826 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $666,552 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,661,399 |
| 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 | $1,735,742 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $166,836 |
| Payroll taxes | $261,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,786 |
| Fees for services: Accounting | $20,100 |
| 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 | $135,304 |
| Information technology | $27,733 |
| Royalties | $0 |
| Occupancy | $449,349 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,221 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $364,431 |
| Insurance | $152,136 |
| All other expenses | $108,808 |
| Total functional expenses | $4,035,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,416,565 |
| Savings and temporary cash investments | $483,483 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $300,756 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $148,042 |
| Prepaid expenses and deferred charges | $63,864 |
| Net Land, buildings, and equipment | $4,142,431 |
| Investments—publicly traded securities | $384,214 |
| Investments—other securities | $142,577 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $742,955 |
| Total assets | $7,824,887 |
| Accounts payable and accrued expenses | $206,121 |
| Grants payable | $0 |
| Deferred revenue | $69,849 |
| 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 | $389,214 |
| Total liabilities | $665,184 |
| Net assets without donor restrictions | $7,159,703 |
| 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 | $7,824,887 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quaker Ridge Golf Club Inc Scarsdale, NY | $45,555,222 | $13,797,158 |
Scarsdale Golf Club Inc Hartsdale, NY | $24,959,613 | $12,672,303 |
Hartford Golf Club West Hartford, CT | $10,526,252 | $10,110,374 |
Hempstead Golf Club Inc Hempstead, NY | $9,116,815 | $9,107,574 |
Blind Brook Club Inc Purchase, NY | $28,184,694 | $8,355,363 |
Westchester Hills Golf Club White Plains, NY | $7,065,789 | $7,028,257 |
Golf Club Of Avon Inc Avon, CT | $12,352,994 | $6,540,190 |
Nissequogue Golf Club Inc St James, NY | $10,129,606 | $6,149,464 |
Massachusetts Golf Association Inc Norton, MA | $15,590,916 | $5,132,097 |
Hatherly Golf Club Inc N Scituate, MA | $7,824,887 | $4,661,399 |
First Tee New York Inc Bronx, NY | $7,549,038 | $6,113,567 |
Professional Golfers Assn New England Section Pga Of America Boylston, MA | $3,506,395 | $3,841,332 |