Country Club Of Fairfield Inc
- Assets
- $29.8m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 193
- Location
- Fairfield, CT
- Founding
- 05/1945
- Data as of
- 12/2023
- EIN
- 06-0309230
Organization Overview
Country Club Of Fairfield Inc is located in Fairfield, CT. The organization was established in 1945. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Country Club Of Fairfield Inc employed 193 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Country Club Of Fairfield 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, Country Club Of Fairfield Inc generated $8.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $8.9m during the year ending 12/2023. While expenses have increased by 7.3% per year over the past 6 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
THE CLUB OFFERS MEMBERS UNIQUE SOCIAL AND WITHIN AN INFORMAL RELAXED SETTING WHICH INCLUDES, PRESERVING AND MAINTAINING CLUB FACILITIES.
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 |
|---|---|---|---|
Michael W Blair President | OfficerTrustee | 40 | $0 |
Richard Van DE Berghe Jr Vice-President | OfficerTrustee | 40 | $0 |
Andrew V Rankowitz Secretary | OfficerTrustee | 40 | $0 |
Sandra D Wright Treasurer | OfficerTrustee | 40 | $0 |
Tracy W Lennon Governor | Trustee | 40 | $0 |
Brian J Mcgrath Governor | Trustee | 40 | $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 | $6,327,335 |
| Investment income | $66,451 |
| 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 | $2,392,213 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,785,999 |
| 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. | $702,081 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,227,145 |
| Pension plan accruals and contributions | $109,868 |
| Other employee benefits | $378,252 |
| Payroll taxes | $311,207 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,420 |
| Fees for services: Accounting | $30,301 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $171,048 |
| Advertising and promotion | $0 |
| Office expenses | $327,123 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $594,977 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,801 |
| Interest | $562,068 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,264,058 |
| Insurance | $246,093 |
| All other expenses | $0 |
| Total functional expenses | $8,866,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $543,174 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $558,623 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $74,296 |
| Prepaid expenses and deferred charges | $168,964 |
| Net Land, buildings, and equipment | $27,349,027 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,083,438 |
| Total assets | $29,778,522 |
| Accounts payable and accrued expenses | $520,415 |
| Grants payable | $0 |
| Deferred revenue | $1,032,683 |
| 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 | $14,531,566 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $556,785 |
| Total liabilities | $16,641,449 |
| Net assets without donor restrictions | $13,137,073 |
| 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 | $29,778,522 |