Lincoln Country Club Inc
- Assets
- $958.9k
- Revenue
- $813.7k
- Investments
- $0.0
- Employees
- 16
- Location
- Lincoln, RI
- Founding
- 06/1966
- Data as of
- 12/2021
- EIN
- 05-0283267
Organization Overview
Lincoln Country Club Inc is located in Lincoln, RI. The organization was established in 1966. As of 12/2021, Lincoln Country Club Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln 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 12/2021, Lincoln Country Club Inc generated $813.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $785.3k during the year ending 12/2021. While expenses have increased by 2.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB OFFERS ITS MEMBERS COUNTRY CLUB FACILITIES INCLUDING GOLF, DINING AND SOCIAL ACTIVITITES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES THE FACILITIES NECESSARY FOR INDIVIDUALS AND THEIR FAMILIES TO ENJOY THE SPORT OF GOLF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerry Loon President | Officer | 1 | $0 |
David Tice 1st Vice President | Officer | 1 | $0 |
Michael Cote Treasurer | Officer | 1 | $0 |
Joe Mccoart 2nd Vice President | Officer | 1 | $0 |
Sabra Nash Secretary | Officer | 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 | $813,469 |
| Investment income | $204 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $813,673 |
| 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 | $0 |
| Other salaries and wages | $255,893 |
| Pension plan accruals and contributions | $3,026 |
| Other employee benefits | $6,304 |
| Payroll taxes | $37,951 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,238 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,029 |
| Office expenses | $12,297 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,154 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,097 |
| Insurance | $24,800 |
| All other expenses | $90,672 |
| Total functional expenses | $785,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,123 |
| Savings and temporary cash investments | $180,127 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,198 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,058 |
| Net Land, buildings, and equipment | $637,609 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,071 |
| Other assets | $750 |
| Total assets | $958,936 |
| Accounts payable and accrued expenses | $21,952 |
| Grants payable | $0 |
| Deferred revenue | $101,835 |
| 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 | $524,431 |
| Unsecured mortgages and notes payable | $58,660 |
| Other liabilities | $12 |
| Total liabilities | $706,890 |
| Net assets without donor restrictions | $252,046 |
| 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 | $958,936 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Belmont Country Club Inc Belmont, MA | $30,849,041 | $10,251,378 |
Winchester Country Club Winchester, MA | $23,172,682 | $9,172,951 |
Lincoln Country Club Inc Lincoln, RI | $958,936 | $813,673 |
Wadawanuck Club Inc Stonington, CT | $2,001,918 | $784,680 |
Hatherly Country Club N Scituate, MA | $3,239,802 | $210,109 |
Club Frontenac Inc West Warwick, RI | $391,221 | $0 |
Sioga Club Of Berkshire County Inc Pittsfield, MA | $423,927 | $59,122 |