Field Club Of Greenwich Inc
- Assets
- $20.8m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 04/1955
- Data as of
- 12/2021
- EIN
- 06-0342220
Organization Overview
Field Club Of Greenwich Inc is located in Greenwich, CT. The organization was established in 1955. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Field Club Of Greenwich 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, Field Club Of Greenwich Inc generated $8.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $5.7m during the year ending 12/2021. While expenses have increased by 3.4% 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
TO PROCURE AND MAINTAIN A CLUBHOUSE AND SUITABLE GROUNDS FOR THE USE AND ENJOYMENT OF ITS MEMBERS.
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 |
|---|---|---|---|
Meridith Picarelli-Khattar General Manager | Officer | 40 | $234,200 |
Mark Lemoult Executive Chef | 40 | $171,080 | |
Erik Zars Superintendent | 40 | $146,630 | |
Susan O'brien Controller | 40 | $140,000 | |
Ingrid V Cardemil Assistant Manager | 40 | $110,000 | |
Jill Coyle Vice President | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vdm Tennis Enterprises Inc Tennis Professional | 12/30/21 | $403,252 |
Squash Edge Inc Scquash Professional | 12/30/21 | $212,224 |
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 | $6,016,138 |
| Investment income | $535 |
| 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 | $2,372,452 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,729,186 |
| 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. | $234,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,333,350 |
| Pension plan accruals and contributions | $39,847 |
| Other employee benefits | $354,015 |
| Payroll taxes | $203,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,660 |
| Fees for services: Accounting | $20,368 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,116 |
| Advertising and promotion | $0 |
| Office expenses | $480,292 |
| Information technology | $56,572 |
| Royalties | $0 |
| Occupancy | $249,780 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $163,905 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $610,313 |
| Insurance | $130,946 |
| All other expenses | $0 |
| Total functional expenses | $5,727,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,513,839 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,325,223 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $95,397 |
| Prepaid expenses and deferred charges | $78,411 |
| Net Land, buildings, and equipment | $11,787,248 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,830 |
| Total assets | $20,848,948 |
| Accounts payable and accrued expenses | $1,155,570 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $9,001,728 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $638,257 |
| Total liabilities | $10,795,555 |
| Net assets without donor restrictions | $10,053,393 |
| 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 | $20,848,948 |
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Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
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Wellesley Country Club Wellesley, MA | $55,523,277 | $17,353,733 |
Colony Club New York, NY | $19,784,366 | $16,065,896 |
Creek Inc Locust Valley, NY | $5,369,299 | $13,749,282 |
Woodway Country Club Incorporated Darien, CT | $32,570,201 | $14,880,536 |
Round Hill Club Incorporated Greenwich, CT | $26,532,622 | $13,385,000 |