Warwick Country Club
- Assets
- $9.2m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 186
- Location
- Warwick, RI
- Founding
- 04/1926
- Data as of
- 12/2023
- EIN
- 05-0235015
Organization Overview
Warwick Country Club is located in Warwick, RI. The organization was established in 1926. 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, Warwick Country Club employed 186 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Warwick 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 12/2023, Warwick Country Club generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $4.1m during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 7 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
WARWICK COUNTRY CLUB, INC. IS ORGANIZED TO ENCOURAGE AND FURNISH FOR ITS MEMBERS AN OPPORTUNITY TO PLAY GOLF, TENNIS, OTHER OUT-OF-DOOR SPORTS, AND SOCIAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF - TO PROVIDE MEMBERS WITH STATE-OF-THE-ART GOLFING FACILITIES.
GOLF - TO PROVIDE MEMBERS WITH STATE-OF-THE-ART GOLFING FACILITIES.
BEVERAGE AND RESTAURANT OPERATION - TO PROVIDE MEMBERS AND THEIR GUESTS WITH AN OPPORTUNITY FOR DINING AND SOCIALIZING.
POOL & TENNIS - TO PROVIDE MEMBERS WITH A PLACE TO SWIM AND PLAY TENNIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Stone President | OfficerTrustee | 1 | $0 |
Michael Kacewizc Vice Preside | OfficerTrustee | 1 | $0 |
Len Grecco Treasurer | OfficerTrustee | 1 | $0 |
Joseph Mcgair Secretary | OfficerTrustee | 1 | $0 |
Matthew Vickery Chairperson | Trustee | 1 | $0 |
Nancy Enos Chairperson | Trustee | 1 | $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 | $3,928,588 |
| Investment income | $51,196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$74,223 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $287,935 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,709,486 |
| 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. | $666,370 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $775,862 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $111,388 |
| Payroll taxes | $174,923 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,926 |
| Fees for services: Accounting | $33,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,600 |
| Advertising and promotion | $0 |
| Office expenses | $178,174 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $392,817 |
| Travel | $1,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $72,769 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $483,483 |
| Insurance | $170,280 |
| All other expenses | $0 |
| Total functional expenses | $4,123,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $688,597 |
| Savings and temporary cash investments | $2,232,585 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $214,644 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $139,406 |
| Prepaid expenses and deferred charges | $144,670 |
| Net Land, buildings, and equipment | $5,011,057 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $19,940 |
| Other assets | $708,961 |
| Total assets | $9,159,860 |
| Accounts payable and accrued expenses | $568,334 |
| Grants payable | $0 |
| Deferred revenue | $888,862 |
| 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 | $1,748,157 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,205,353 |
| Net assets without donor restrictions | $5,954,507 |
| 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 | $9,159,860 |