Sakonnet Golf Club
- Assets
- $6.7m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 87
- Location
- Little Compton, RI
- Founding
- 05/1945
- Data as of
- 12/2021
- EIN
- 05-0213430
Organization Overview
Sakonnet Golf Club is located in Little Compton, RI. The organization was established in 1945. 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 12/2021, Sakonnet Golf Club employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sakonnet Golf Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Sakonnet Golf Club generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. 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 PROVIDE GOLF FACILITIES FOR THEIR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE GOLF FACILITIES FOR THEIR MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Alwin Golf Pro | Officer | 40 | $187,120 |
Matthew Barratt Superintendent | 40 | $123,500 | |
Mark H Chafee President | OfficerTrustee | 5 | $0 |
Matthew P Havens Vice President | OfficerTrustee | 5 | $0 |
Don B Mcnaughton Treasurer | OfficerTrustee | 5 | $0 |
John T Montgomery Secretary | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Richard Lebeau Golf Merchandise/golf Pro | 12/30/19 | $234,955 |
Patrick Mcnally Tennis Pro | 12/30/19 | $119,244 |
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 | $3,073,708 |
| Investment income | $1,386 |
| 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 | -$122,781 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,952,313 |
| 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 | $310,620 |
| Other salaries and wages | $689,718 |
| Pension plan accruals and contributions | $17,685 |
| Other employee benefits | $86,888 |
| Payroll taxes | $131,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,119 |
| Advertising and promotion | $0 |
| Office expenses | $2,424 |
| Information technology | $19,385 |
| Royalties | $0 |
| Occupancy | $168,657 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $441,671 |
| Insurance | $110,302 |
| All other expenses | $348,470 |
| Total functional expenses | $2,999,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,676 |
| Savings and temporary cash investments | $1,834,757 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,524 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,733 |
| Prepaid expenses and deferred charges | $18,859 |
| Net Land, buildings, and equipment | $4,616,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,320 |
| Total assets | $6,703,414 |
| Accounts payable and accrued expenses | $78,572 |
| Grants payable | $0 |
| Deferred revenue | $180,524 |
| 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 | $0 |
| Total liabilities | $259,096 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $6,966 |
| Paid-in or capital surplus, or land, building, or equipment fund | $850,179 |
| Retained earnings, endowment, accumulated income, or other funds | $5,587,173 |
| Total liabilities and net assets/fund balances | $6,703,414 |
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|---|---|---|
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Greenwich Country Club Greenwich, CT | $48,407,804 | $23,136,592 |
Wellesley Country Club Wellesley, MA | $55,523,277 | $17,353,733 |
Woodway Country Club Incorporated Darien, CT | $32,570,201 | $14,880,536 |
Round Hill Club Incorporated Greenwich, CT | $26,532,622 | $13,385,000 |
Country Club Of New Canaan New Canaan, CT | $36,388,345 | $15,800,201 |
The Stanwich Club Incorporated Greenwich, CT | $33,116,377 | $12,033,633 |
Country Club Of Darien Darien, CT | $36,108,761 | $11,698,340 |
Pinebrook Country Club Inc Weston, MA | $32,646,318 | $13,203,918 |
Brae Burn Country Club West Newton, MA | $26,622,764 | $12,323,812 |
Tamarack Country Club Inc Greenwich, CT | $21,944,422 | $12,683,379 |
Burning Tree Country Club Inc Greenwich, CT | $31,629,818 | $12,623,577 |