Litchfield Country Club Incorporated
- Assets
- $3.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 84
- Location
- Litchfield, CT
- Founding
- 02/1965
- Data as of
- 12/2022
- EIN
- 06-0429830
Organization Overview
Litchfield Country Club Incorporated is located in Litchfield, CT. The organization was established in 1965. 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 12/2022, Litchfield Country Club Incorporated employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Litchfield Country Club Incorporated is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Litchfield Country Club Incorporated generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 7.7% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COUNTRY CLUB PROMOTE AND MAINTAIN A COUNTRY CLUB IN LITCHFIELD CT
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUBHOUSE ACTIVITIES INCLUDING RESTAURANT FOR MEMBERS, BANQUETS, AND OTHER SPECIAL MEMBER FUNCTIONS. APPROXIMATELY 240 PEOPLE SERVICED.
GOLF COURSE ACTIVITIES - MEMBER USE OF GOLF COURSE AND PERIODIC GOLF TOURNAMENTS. APPROXIMATELY 175 PEOPLE SERVICED.
TENNIS COURT ACTVITIES. APPROXIMATELY 90 PEOPLE SERVICED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Devos President | OfficerTrustee | $0 | |
Louisa Roraback Vice Preshouse Chair | OfficerTrustee | $0 | |
Matthew Shafer Treasurer | OfficerTrustee | $0 | |
Martha Fish Secretary | OfficerTrustee | $0 | |
Bentley King Governor | Trustee | $0 | |
Helen Shu Governor | Trustee | $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 | $1,937,599 |
| Investment income | $23 |
| 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 | $349,715 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,287,337 |
| 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 | $807,543 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $73,901 |
| Payroll taxes | $107,050 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,712 |
| Fees for services: Accounting | $2,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $322,218 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,274 |
| Interest | $40,111 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,398 |
| Insurance | $60,648 |
| All other expenses | $244,710 |
| Total functional expenses | $1,861,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $314,469 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $366,721 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,293 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,715,386 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,799 |
| Total assets | $3,452,668 |
| Accounts payable and accrued expenses | $131,544 |
| Grants payable | $0 |
| Deferred revenue | $235,679 |
| 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 | $1,266,126 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,633,349 |
| Net assets without donor restrictions | $1,819,319 |
| 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 | $3,452,668 |