Wanumetonomy Golf & Country Club Inc
- Assets
- $4.5m
- Revenue
- $4.1m
- Investments
- $349.0k
- Employees
- 97
- Location
- Middletown, RI
- Founding
- 08/1955
- Data as of
- 12/2023
- EIN
- 05-0234475
Organization Overview
Wanumetonomy Golf & Country Club Inc is located in Middletown, RI. The organization was established in 1955. 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 12/2023, Wanumetonomy Golf & Country Club Inc employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wanumetonomy Golf & Country 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 12/2023, Wanumetonomy Golf & Country Club Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $3.9m during the year ending 12/2023. While expenses have increased by 8.1% per year over the past 9 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 AND OPERATE A PRIVATE GOLF COURSE AND COUNTRY CLUB FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX-EXEMPT CLUB ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Alofsin President | OfficerTrustee | 0 | $0 |
Jay Napoli Vice President | OfficerTrustee | 0 | $0 |
Donald Mccall Treasurer | OfficerTrustee | 1 | $7,962 |
J Peter Dugan Jr Secretary | OfficerTrustee | 1 | $15,339 |
Tim Carroll Board Member | Trustee | 0 | $0 |
Brian Cornell Board Member | Trustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,893,114 |
| Investment income | $10,449 |
| 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 | $1,178,774 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,082,337 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,030 |
| 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. | $194,815 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,583,116 |
| Pension plan accruals and contributions | $8,573 |
| Other employee benefits | $139,221 |
| Payroll taxes | $245,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,303 |
| Fees for services: Accounting | $15,383 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,351 |
| Advertising and promotion | $0 |
| Office expenses | $97,764 |
| Information technology | $1,615 |
| Royalties | $0 |
| Occupancy | $196,349 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,381 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $485,837 |
| Insurance | $101,515 |
| All other expenses | $24,455 |
| Total functional expenses | $3,947,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $318,362 |
| Savings and temporary cash investments | $504,338 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $143,164 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $66,887 |
| Prepaid expenses and deferred charges | $38,505 |
| Net Land, buildings, and equipment | $2,402,514 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $349,048 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $687,848 |
| Total assets | $4,510,666 |
| Accounts payable and accrued expenses | $147,798 |
| 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 | $0 |
| Secured mortgages and notes payable | $1,005,549 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,153,347 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $54,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $6,315 |
| Retained earnings, endowment, accumulated income, or other funds | $3,297,004 |
| Total liabilities and net assets/fund balances | $4,510,666 |