Dunes Club
- Assets
- $10.2m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 227
- Location
- Narragansett, RI
- Founding
- 11/1951
- Data as of
- 10/2023
- EIN
- 05-0132538
Organization Overview
Dunes Club is located in Narragansett, RI. The organization was established in 1951. 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 10/2023, Dunes Club employed 227 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dunes Club 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, Dunes Club generated $4.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $4.4m during the year ending 10/2023. While expenses have increased by 5.3% 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 AS A PRIVATE SOCIAL CLUB FOR THE RECREATIONAL AND SOCIAL BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE BEACH OPERATION INCLUDING BATHHOUSE AND CABANAS.
FOOD AND BEVERAGE OPERATION INCLUDING MAIN DINING ROOM, SNACKBAR AND GRILL.
TENNIS OPERATION, CHILDREN'S PROGRAMS, AND OTHER PRIVATE SOCIAL CLUB ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William M Kapos President | OfficerTrustee | 7 | $0 |
Eleanor F Earle Mascheroni Vice President | OfficerTrustee | 7 | $0 |
Charles E White II Treasurer | OfficerTrustee | 7 | $0 |
Anna M Mcgreen Secretary | OfficerTrustee | 7 | $0 |
Bogdan Nowak Assistant Treasurer | OfficerTrustee | 7 | $0 |
Edward W Burman Jr Assistant Secretary | OfficerTrustee | 7 | $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 | $371,232 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $371,232 |
| Total Program Service Revenue | $4,702,608 |
| Investment income | $91,984 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,000 |
| 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 | -$436,997 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,851,805 |
| 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. | $278,131 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,630,905 |
| Pension plan accruals and contributions | $89,131 |
| Other employee benefits | $105,889 |
| Payroll taxes | $178,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,518 |
| 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 | $33,309 |
| Advertising and promotion | $0 |
| Office expenses | $298,443 |
| Information technology | $10,194 |
| Royalties | $0 |
| Occupancy | $423,845 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,115 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $256,515 |
| Insurance | $299,550 |
| All other expenses | $243,695 |
| Total functional expenses | $4,396,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,956 |
| Savings and temporary cash investments | $2,996,202 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $157,966 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $617,604 |
| Inventories for sale or use | $87,499 |
| Prepaid expenses and deferred charges | $149,305 |
| Net Land, buildings, and equipment | $4,824,388 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $896,222 |
| Total assets | $10,165,142 |
| Accounts payable and accrued expenses | $470,111 |
| Grants payable | $0 |
| Deferred revenue | $101,500 |
| 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 | $896,960 |
| Total liabilities | $1,468,571 |
| Net assets without donor restrictions | $8,696,571 |
| 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 | $10,165,142 |