Wadawanuck Club Inc
- Assets
- $2.0m
- Revenue
- $784.7k
- Investments
- $0.0
- Employees
- 27
- Location
- Stonington, CT
- Founding
- 05/1950
- Data as of
- 12/2021
- EIN
- 06-0618894
Organization Overview
Wadawanuck Club Inc is located in Stonington, CT. The organization was established in 1950. As of 12/2021, Wadawanuck Club Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wadawanuck 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 12/2021, Wadawanuck Club Inc generated $784.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $782.4k during the year ending 12/2021. While expenses have increased by 2.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MEMBERSHIP PROVIDES YACHTING, SWIMMING, TENNIS INSTRUCTION AND OTHER SERVICE AND USE OF FACILITIES FOR MEMBER AND THEIR GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSE/ENTERTAINMENT/GROUND PROGRAMS-SOCIAL EVENTS ARE HELD ANNUALLY FOR ANY MEMBER WHO WISHES TO ATTEND. THE HOUSE FACILITIES AND GROUNDS ARE OPEN TO ALL MEMBERS.
YACHTING/SWIMMING PROGRAMS - YACHTING FACILITIES AND SERVICES ARE PROVIDED FOR MEMBERS. REGATTAS AND AN ANNUAL CRUISE ARE OFFERED. SWIMMING INSTRUCTION IS PROVIDED FOR CHILDREN AGES 4 TO 15. THE SWIMMING FACILITIES ARE OPEN TO ALL MEMBERS.
TENNIS PROGRAMS- TENNIS FACILITIES AND SERVICES ARE PROVIDED FOR MEMBERS OF THE CLUB WHO ENROLL IN THEM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Leeming President | OfficerTrustee | 2 | $0 |
Jack Lynch Vice President | OfficerTrustee | 2 | $0 |
Hardin Gray Vice President | OfficerTrustee | 2 | $0 |
Pam Johnstone Secretary | OfficerTrustee | 2 | $0 |
Francis P Pandolfi Treasurer | OfficerTrustee | 2 | $0 |
David Motherway Governor | Trustee | 1 | $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 | $777,676 |
| Investment income | $7,004 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $784,680 |
| 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 | $78,910 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,362 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,995 |
| 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 | $4,542 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $144,123 |
| Insurance | $86,032 |
| All other expenses | $161,259 |
| Total functional expenses | $782,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,643 |
| Savings and temporary cash investments | $888,720 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,312 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $88,123 |
| Net Land, buildings, and equipment | $972,120 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,001,918 |
| Accounts payable and accrued expenses | $4,305 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,305 |
| Net assets without donor restrictions | $1,997,613 |
| 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 | $2,001,918 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Belmont Country Club Inc Belmont, MA | $30,849,041 | $10,251,378 |
Westhampton Country Club Inc Westhampton Beach, NY | $23,462,713 | $10,560,693 |
Pelham Country Club Pelham Manor, NY | $41,819,106 | $10,163,055 |
Winchester Country Club Winchester, MA | $23,172,682 | $9,172,951 |
Country Club Of Buffalo Williamsville, NY | $18,336,233 | $6,990,234 |
Oswego Country Club Oswego, NY | $1,701,518 | $1,153,967 |
Lincoln Country Club Inc Lincoln, RI | $958,936 | $813,673 |
Wadawanuck Club Inc Stonington, CT | $2,001,918 | $784,680 |
Fort Schuyler Club Utica, NY | $916,187 | $572,292 |
Minisceongo Yacht Club Inc Stony Point, NY | $4,113,169 | $563,706 |
City Island Yacht Club Inc City Island, NY | $426,353 | $470,217 |
Community Assisted Tenant Controlled Housing Inc New York, NY | $1,052,154 | $548,328 |