Country Club Of Fairfield Inc
- Assets
- $29.2m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 216
- Location
- Fairfield, CT
- Founding
- 05/1945
- Data as of
- 12/2021
- 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 12/2021, Country Club Of Fairfield Inc employed 216 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 12/2021, Country Club Of Fairfield Inc generated $7.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $7.7m during the year ending 12/2021. While expenses have increased by 5.3% 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 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 |
|---|---|---|---|
Tim Minahan General Manager | Officer | 40 | $353,097 |
Dave Renzulli Director Of Golf | 40 | $216,063 | |
Dave Koziol Golf Course Superintendent | Officer | 40 | $179,838 |
Pablo Bellagamba Director Of Racquets | 40 | $160,305 | |
Ed Neiman Executive Chef | 40 | $145,693 | |
Richard J Bineti Controller | 40 | $126,899 |
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 | $5,726,414 |
| Investment income | $9,404 |
| 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 | $1,835,624 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,946,208 |
| 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. | $602,558 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,922,068 |
| Pension plan accruals and contributions | $121,436 |
| Other employee benefits | $371,830 |
| Payroll taxes | $369,895 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,582 |
| Fees for services: Accounting | $28,221 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $189,468 |
| Advertising and promotion | $0 |
| Office expenses | $341,793 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $430,314 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,626 |
| Interest | $303,097 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $864,794 |
| Insurance | $247,506 |
| All other expenses | $0 |
| Total functional expenses | $7,732,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $739,402 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $512,173 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $80,554 |
| Prepaid expenses and deferred charges | $381,583 |
| Net Land, buildings, and equipment | $26,898,823 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $577,347 |
| Total assets | $29,190,882 |
| Accounts payable and accrued expenses | $660,437 |
| Grants payable | $0 |
| Deferred revenue | $766,496 |
| 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 | $14,200,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $137,288 |
| Total liabilities | $15,764,221 |
| Net assets without donor restrictions | $13,426,661 |
| 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 | $29,190,882 |
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| Organization Name | Assets | Revenue |
|---|---|---|
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Innis Arden Golf Club Inc Old Greenwich, CT | $33,992,814 | $14,860,228 |
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Nantucket Golf Club Inc Siasconset, MA | $41,080,926 | $8,761,983 |
Great Harbor Yacht Club Inc Nantucket, MA | $67,641,341 | $7,821,481 |
Fisher Island Club Inc Fishers Island, NY | $26,382,427 | $9,842,592 |
Golf Club Of Marthas Vineyard Inc Edgartown, MA | $54,618,022 | $7,664,048 |
Noyac Golf Club Inc Sag Harbor, NY | $25,263,669 | $11,022,614 |
Greenwich Water Club Inc Cos Cob, CT | $34,734 | $8,500,732 |
Huntington Crescent Club Inc Huntington, NY | $18,101,805 | $9,571,803 |
Mill River Club Inc Oyster Bay, NY | $11,730,867 | $8,340,769 |
Oakley Country Club Watertown, MA | $19,643,392 | $9,027,669 |