Point Judith Country Club
- Assets
- $13.0m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 126
- Location
- Narragansett, RI
- Founding
- 03/1944
- Data as of
- 10/2023
- EIN
- 05-0201530
Organization Overview
Point Judith Country Club is located in Narragansett, RI. The organization was established in 1944. 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, Point Judith Country Club employed 126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Point Judith Country 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, Point Judith Country Club generated $5.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $4.4m during the year ending 10/2023. While expenses have increased by 3.2% 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
MAINTAIN FACILITIES FOR THE LEISURE AND RECREATIONAL ACTIVITIES OF THE MEMBERS. AN 18 HOLE GOLF COURSE, TENNIS COURTS AND RESTAURANT COMPRISE THE MAJOR ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF CLUB PROVIDES SPORTS ACTIVITIES (GOLF AND TENNIS) AND FOOD AND BEVERAGE SERVICES TO ITS MEMBERS AND GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Toni Owens Assistant Secretary | OfficerTrustee | 40 | $133,292 |
Oliver Bennett Greens Chair | Trustee | 1 | $0 |
Edward Cooney Secretary | OfficerTrustee | 1 | $0 |
Scott Denelle Board Of Governors | Trustee | 1 | $0 |
Nicole Gammino Board Of Governors | Trustee | 1 | $0 |
James Gilbert Treasurer | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pariseault Builders Golf & Tennis Shop Renovation | 10/30/19 | $493,985 |
Nmp Golf Construction Drainage Work On Course | 10/30/19 | $122,427 |
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 | $5,338,642 |
| Investment income | $54,038 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$131,655 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,277,905 |
| 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. | $436,320 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,265,244 |
| Pension plan accruals and contributions | $37,690 |
| Other employee benefits | $122,924 |
| Payroll taxes | $198,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,977 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,905 |
| Advertising and promotion | $0 |
| Office expenses | $34,616 |
| Information technology | $55,013 |
| Royalties | $0 |
| Occupancy | $264,100 |
| Travel | $1,510 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,915 |
| Interest | $46,789 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $686,729 |
| Insurance | $145,472 |
| All other expenses | $71,728 |
| Total functional expenses | $4,383,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,244,840 |
| Savings and temporary cash investments | $2,500,546 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $267,215 |
| Loans from Officers, Directors, or Controlling Persons | $76,500 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,614 |
| Prepaid expenses and deferred charges | $94,338 |
| Net Land, buildings, and equipment | $8,494,049 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $274,323 |
| Total assets | $12,969,425 |
| Accounts payable and accrued expenses | $186,404 |
| 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 | $47,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $926,881 |
| Other liabilities | $5,854,485 |
| Total liabilities | $7,014,770 |
| Net assets without donor restrictions | $5,954,655 |
| 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 | $12,969,425 |