Shorehaven Golf Club Inc
- Assets
- $27.7m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 210
- Location
- East Norwalk, CT
- Founding
- 03/1926
- Data as of
- 12/2022
- EIN
- 06-0534650
Organization Overview
Shorehaven Golf Club Inc is located in East Norwalk, CT. The organization was established in 1926. 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, Shorehaven Golf Club Inc employed 210 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shorehaven Golf 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 12/2022, Shorehaven Golf Club Inc generated $11.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $11.1m during the year ending 12/2022. While expenses have increased by 4.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SHOREHAVEN GOLF CLUB INC. IS A PRIVATE CLUB WHOSE OBJECTIVES ARE TO PROVIDE FACILITIES FOR MEMBERS AND THEIR GUESTS FOR GOLF, TENNIS, PADDLE TENNIS, SWIMMING AND SOCIAL EVENTS.
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 |
|---|---|---|---|
Nancie Dupier President | OfficerTrustee | 3 | $0 |
Brendan Moynihan Vice President | OfficerTrustee | 3 | $0 |
John Flaherty 2nd Vice President | OfficerTrustee | 3 | $0 |
Peter Ditomasso Treasurer | OfficerTrustee | 3 | $0 |
Mark Flynn Secretary | OfficerTrustee | 3 | $0 |
Dan Hartman Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Av Tuchy Builders Inc Pool Construction | 12/30/22 | $2,330,069 |
Brothers Fix It Hvac Vendor | 12/30/22 | $198,124 |
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 | $7,825,410 |
| Investment income | $29,002 |
| 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 | $3,384,897 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,239,309 |
| 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. | $765,331 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,501,504 |
| Pension plan accruals and contributions | $99,299 |
| Other employee benefits | $434,805 |
| Payroll taxes | $564,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,809 |
| Advertising and promotion | $2,668 |
| Office expenses | $567,484 |
| Information technology | $85,066 |
| Royalties | $0 |
| Occupancy | $554,501 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,685 |
| Interest | $189,149 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,356,530 |
| Insurance | $285,049 |
| All other expenses | $115,288 |
| Total functional expenses | $11,106,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,500 |
| Savings and temporary cash investments | $1,115,202 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $155,828 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $242,470 |
| Prepaid expenses and deferred charges | $74,133 |
| Net Land, buildings, and equipment | $23,875,745 |
| Investments—publicly traded securities | $2,013,612 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $219,276 |
| Total assets | $27,698,766 |
| Accounts payable and accrued expenses | $402,259 |
| 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 | $4,813,317 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $58,113 |
| Total liabilities | $5,273,689 |
| Net assets without donor restrictions | $22,425,077 |
| 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 | $27,698,766 |