Sharon Country Club Inc
- Assets
- $4.7m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 48
- Location
- Sharon, CT
- Founding
- 05/1944
- Data as of
- 12/2023
- EIN
- 06-0531925
Organization Overview
Sharon Country Club Inc is located in Sharon, CT. The organization was established in 1944. 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, Sharon Country Club Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sharon 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 12/2023, Sharon Country Club Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 3.9% per year over the past 9 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 ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE A PRIVATE GOLF CLUB FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FACILITIES TO PLAY GOLF AND OTHER RECREATIONAL ACTIVITIES. THE CLUB MAINTAINS A CLUBHOUSE WITH DINING FACILITIES FOR THE USE AND ENJOYMENT OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Gill President, Governor | OfficerTrustee | 20 | $0 |
Ian John Vice President, Governor | OfficerTrustee | 5 | $0 |
Alexandra Tart Secretary, Governor | OfficerTrustee | 8 | $0 |
Michael Smith Treasurer, Governor | OfficerTrustee | 10 | $0 |
Tanya Apte Governor | Trustee | 2 | $0 |
Susan Brant Governor | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thomas Halsted Golf Professional | 12/30/20 | $148,248 |
Dustin Parente Tennis Professional | 12/30/20 | $121,126 |
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 | $1,948,775 |
| Investment income | $35,347 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $913,093 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $336,708 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,234,123 |
| 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 | $1,038,523 |
| Pension plan accruals and contributions | $19,164 |
| Other employee benefits | $41,984 |
| Payroll taxes | $93,633 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,082 |
| Advertising and promotion | $268 |
| Office expenses | $6,699 |
| Information technology | $18,269 |
| Royalties | $0 |
| Occupancy | $123,027 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $247,780 |
| Insurance | $56,051 |
| All other expenses | $70,864 |
| Total functional expenses | $2,175,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,701 |
| Savings and temporary cash investments | $1,255,655 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $105,139 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,745 |
| Prepaid expenses and deferred charges | $11,055 |
| Net Land, buildings, and equipment | $2,885,433 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $175,662 |
| Total assets | $4,716,390 |
| Accounts payable and accrued expenses | $36,824 |
| Grants payable | $0 |
| Deferred revenue | $27,002 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $175,662 |
| Total liabilities | $239,488 |
| Net assets without donor restrictions | $4,476,902 |
| 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 | $4,716,390 |