Shore & Country Club Inc
- Assets
- $16.6m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 151
- Location
- East Norwalk, CT
- Founding
- 07/1944
- Data as of
- 11/2023
- EIN
- 06-0534515
Organization Overview
Shore & Country Club Inc is located in East Norwalk, CT. The organization was established in 1944. 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 11/2023, Shore & Country Club Inc employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shore & 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 11/2023, Shore & Country Club Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $5.7m during the year ending 11/2023. While expenses have increased by 3.8% 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
TO PROVIDE DINING, TENNIS, SWIMMING, & BOATING FACILITIES FOR THE USE 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 |
|---|---|---|---|
Scott Douglass President | OfficerTrustee | 3 | $0 |
Kristen Staikos Vice President | OfficerTrustee | 3 | $0 |
Paul Piasecki Treasurer | OfficerTrustee | 3 | $0 |
Rex Gedney Secretary | OfficerTrustee | 3 | $0 |
Jeanne Peloso Governor | Trustee | 3 | $0 |
Ted Sihpol Governor | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lovas & Tomasetti Architects Llc Architectual Service | 11/29/18 | $119,031 |
Carla Mckenzie Director Of Tennis | 11/29/18 | $150,930 |
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 | $4,751,773 |
| Investment income | $4,210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,500 |
| 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 | $1,834,568 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,694,742 |
| 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. | $244,884 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,271,473 |
| Pension plan accruals and contributions | $15,053 |
| Other employee benefits | $133,987 |
| Payroll taxes | $279,991 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,933 |
| Fees for services: Accounting | $113,717 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $126,293 |
| Advertising and promotion | $12,672 |
| Office expenses | $170,018 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $425,900 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $190,779 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $509,819 |
| Insurance | $314,099 |
| All other expenses | $0 |
| Total functional expenses | $5,681,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,433 |
| Savings and temporary cash investments | $3,827,641 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $661,170 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $102,782 |
| Prepaid expenses and deferred charges | $130,224 |
| Net Land, buildings, and equipment | $10,302,245 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,521,175 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,614,670 |
| Accounts payable and accrued expenses | $266,566 |
| Grants payable | $0 |
| Deferred revenue | $55,442 |
| 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 | $3,968,225 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,290,233 |
| Net assets without donor restrictions | $12,324,437 |
| 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 | $16,614,670 |