Hatherly Golf Club Inc
- Assets
- $9.6m
- Revenue
- $5.4m
- Investments
- $146.0k
- Employees
- 106
- Location
- N Scituate, MA
- Founding
- 02/1992
- Data as of
- 10/2023
- 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 10/2023, Hatherly Golf Club Inc employed 106 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 10/2023, Hatherly Golf Club Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $5.0m during the year ending 10/2023. While expenses have increased by 4.0% 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
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 489 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth R Johnson Jr Head Golf Professional | 40 | $141,132 | |
Richard Caughey Grounds Manager | 40 | $135,664 | |
Jeffrey Heyl Executive Chef | 40 | $114,570 | |
Joseph Ferrari Clubhouse Manager | 1 | $102,353 | |
Andrew Blanchard Director | Trustee | 1 | $0 |
John Dolan Jr Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tanto Irrigation Llc Construction | 10/30/23 | $226,000 |
Desalitech Inc Construction | 10/30/23 | $173,717 |
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 | $4,110,245 |
| Investment income | $108,961 |
| 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 | $829,194 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,384,393 |
| 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 | $2,166,643 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $152,148 |
| Payroll taxes | $317,348 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,137 |
| Fees for services: Accounting | $22,050 |
| 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 | $161,576 |
| Information technology | $46,811 |
| Royalties | $0 |
| Occupancy | $492,449 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,086 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $457,946 |
| Insurance | $163,194 |
| All other expenses | $156,942 |
| Total functional expenses | $4,952,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,048 |
| Savings and temporary cash investments | $2,777,146 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $335,960 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $229,634 |
| Prepaid expenses and deferred charges | $100,981 |
| Net Land, buildings, and equipment | $5,288,651 |
| Investments—publicly traded securities | $365,225 |
| Investments—other securities | $145,977 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $111,095 |
| Total assets | $9,617,717 |
| Accounts payable and accrued expenses | $405,040 |
| Grants payable | $0 |
| Deferred revenue | $74,996 |
| 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 | $630,090 |
| Total liabilities | $1,110,126 |
| Net assets without donor restrictions | $8,507,591 |
| 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 | $9,617,717 |