Woodway Country Club Incorporated
- Assets
- $34.3m
- Revenue
- $18.2m
- Investments
- $0.0
- Employees
- 362
- Location
- Darien, CT
- Founding
- 02/1949
- Data as of
- 10/2023
- EIN
- 06-0595440
Organization Overview
Woodway Country Club Incorporated is located in Darien, CT. The organization was established in 1949. 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 10/2023, Woodway Country Club Incorporated employed 362 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodway 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 10/2023, Woodway Country Club Incorporated generated $18.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $19.3m during the year ending 10/2023. While expenses have increased by 4.8% per year over the past 8 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
ESTABLISHING AND MAINTAINING FACILITIES FOR A PRIVATE GOLF AND COUNTRY CLUB MEMBERSHIP GROUP. TO MAINTAIN AND OPERATE DINING, TENNIS, PADDLE TENNIS, GOLF AND BEACH CLUB FACILITIES.
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 |
|---|---|---|---|
David Durkin President | OfficerTrustee | 3 | $0 |
Michael Bogdan Secretary | OfficerTrustee | 3 | $0 |
Michael Frankenfield Treasurer | OfficerTrustee | 3 | $0 |
Andrew Nelson Governor | Trustee | 3 | $0 |
Allison Mcdermott Governor | Trustee | 3 | $0 |
Greg Crowley Governor | Trustee | 3 | $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 | $11,916,505 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,069 |
| 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 | $6,213,261 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,168,750 |
| 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. | $427,938 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,647,618 |
| Pension plan accruals and contributions | $135,337 |
| Other employee benefits | $1,041,614 |
| Payroll taxes | $799,703 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,228 |
| Fees for services: Accounting | $47,826 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $270,310 |
| Advertising and promotion | $0 |
| Office expenses | $1,544,509 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,144,647 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $296,046 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,552,689 |
| Insurance | $221,000 |
| All other expenses | $499,129 |
| Total functional expenses | $19,320,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $576,631 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,025,021 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $561,137 |
| Prepaid expenses and deferred charges | $328,199 |
| Net Land, buildings, and equipment | $30,370,863 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $399,029 |
| Total assets | $34,260,880 |
| Accounts payable and accrued expenses | $602,462 |
| Grants payable | $0 |
| Deferred revenue | $1,559,220 |
| 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 | $7,663,537 |
| Other liabilities | $2,797,650 |
| Total liabilities | $12,622,869 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $500,250 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $21,137,761 |
| Total liabilities and net assets/fund balances | $34,260,880 |