Acoaxet Club Inc
- Assets
- $3.3m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 68
- Location
- Westport, MA
- Founding
- 04/1997
- Data as of
- 09/2021
- EIN
- 04-3308688
Organization Overview
Acoaxet Club Inc is located in Westport, MA. The organization was established in 1997. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, Acoaxet Club Inc employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acoaxet 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 09/2021, Acoaxet Club Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $2.5m during the year ending 09/2021. While expenses have increased by 2.4% 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
THE ORGANIZATION'S MISSION IS TO BE A PRIVATE, FAMILY-ORIENTED, SEASONAL CLUB:WHERE MEMBERS AND THEIR GUESTS MAY PLAY TENNIS, GOLF, DINE AND/OR SOCIALIZE WITH ONE ANOTHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DINING ROOM / CLUBHOUSE- A SOCIAL MEETING PLACE WHERE MEMBERS AND GUEST GATHER TO SOCIALIZE. A PORTION OF THESE EXPENSES ARE UNRELATED BUSINESS EXPENSES.
PRO-SHOP OFFERS THE MEMBERS A PLACE TO BUY WHAT IS NEEDED FOR GOLF AS WELL AS PROFESSIONAL INSTRUCTION.
TENNIS & YOUTH ACTIVITIES-PROVIDES A BROADER MEMBERSHIP ENROLLMENT TO INDIVIDUALS AS WELL AS TO FAMILIES.
GOLF COURSE GROUNDS- THE UPKEEP OF THE GROUNDS AND THE GOLF COURSE IS AN ESSENTIAL PART OF WHAT THE SOCIAL CLUB HAS TO OFFER ITS MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen T Carney President | OfficerTrustee | 10 | $0 |
Matthew Forbes Treasurer | OfficerTrustee | 10 | $0 |
Rebecca Merchant Secretary | OfficerTrustee | 10 | $0 |
Jay Mercer House Chairman | OfficerTrustee | 10 | $0 |
Henry Ashworth Honorary Governor | Trustee | 10 | $0 |
Peter Briggs Governor | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $313,053 |
| 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 | $313,053 |
| Total Program Service Revenue | $2,657,426 |
| Investment income | $341 |
| 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 | $2,970,820 |
| 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 | $956,870 |
| Pension plan accruals and contributions | $31,723 |
| Other employee benefits | $100,615 |
| Payroll taxes | $132,536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,385 |
| Office expenses | $114,218 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $209,681 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,456 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $280,601 |
| Insurance | $8,599 |
| All other expenses | $196,161 |
| Total functional expenses | $2,482,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $357,180 |
| Savings and temporary cash investments | $275,632 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $434,456 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,411 |
| Prepaid expenses and deferred charges | $41,791 |
| Net Land, buildings, and equipment | $2,150,568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,287,038 |
| Accounts payable and accrued expenses | $249,338 |
| Grants payable | $0 |
| Deferred revenue | $395,801 |
| 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 | $474,077 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $166,482 |
| Total liabilities | $1,285,698 |
| Net assets without donor restrictions | $2,001,340 |
| 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 | $3,287,038 |
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Greenwich Country Club Greenwich, CT | $48,407,804 | $23,136,592 |
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Wellesley Country Club Wellesley, MA | $55,523,277 | $17,353,733 |
Colony Club New York, NY | $19,784,366 | $16,065,896 |
Creek Inc Locust Valley, NY | $5,369,299 | $13,749,282 |
Woodway Country Club Incorporated Darien, CT | $32,570,201 | $14,880,536 |
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