Pawtucket Country Club Inc
- Assets
- $2.7m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 133
- Location
- Pawtucket, RI
- Founding
- 04/1956
- Data as of
- 03/2023
- EIN
- 05-0272571
Organization Overview
Pawtucket Country Club Inc is located in Pawtucket, RI. The organization was established in 1956. 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 03/2023, Pawtucket Country Club Inc employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pawtucket 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 03/2023, Pawtucket Country Club Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $3.4m during the year ending 03/2023. While expenses have increased by 9.8% 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
PAWTUCKET COUNTRY CLUB, INC. IS ORGANIZED TO ENCOURAGE AND FURNISH FOR ITS MEMBERS AN OPPORTUNITY FOR GOLF, SWIMMING, AND OTHER SOCIAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF OPERATIONS - GOLF FACILITIES ARE AVAILABLE FOR USE BY GOLFING MEMBERS AND THEIR GUESTS. GOLF TOURNAMENTS ARE SPECIAL TOURNAMENTS HELD BY PARTICIPANTS BASED ON THE TYPE OF TOURNAMNET.
FOOD AND BEVERAGE - TO PROVIDE MEMBERS AND THEIR GUESTS WITH AN OPPORTUNITY FOR DINING AND SOCIALIZING.
POOL, LOCKER ROOM, AND OTHER - FACILITIES ARE AVAILABLE FOR USE BY MEMBERS AND THEIR GUESTS TO PROVIDE THEM WITH A PLACE TO SWIM, USE THE LOCKER ROOM, AND ENJOY OTHER SOCIAL CLUB AMENITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Beth Reis Treasurer | OfficerTrustee | 30 | $0 |
Gary R Reis President | OfficerTrustee | 15 | $0 |
Michael Gelinas Golf Professional | Officer | 40 | $295,000 |
Michael Whitehead Golf Superintendant | 40 | $127,000 |
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 | $2,961,316 |
| Investment income | $8,209 |
| 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 | $664,527 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,638,119 |
| 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. | $50,197 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,080,408 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $68,789 |
| Payroll taxes | $266,955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,244 |
| 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 | $48,000 |
| Advertising and promotion | $5,417 |
| Office expenses | $59,850 |
| Information technology | $32,419 |
| Royalties | $0 |
| Occupancy | $829,626 |
| Travel | $3,387 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,820 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $96,523 |
| All other expenses | $223,214 |
| Total functional expenses | $3,446,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,719 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,660 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,490 |
| Prepaid expenses and deferred charges | $270,798 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,123,161 |
| Total assets | $2,676,828 |
| Accounts payable and accrued expenses | $296,322 |
| Grants payable | $0 |
| Deferred revenue | $1,313,325 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $322,308 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $140,888 |
| Other liabilities | $201,148 |
| Total liabilities | $2,273,991 |
| Net assets without donor restrictions | $402,837 |
| 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 | $2,676,828 |