The Paugusset Club Incorporated is located in Orange, CT. As of 12/2021, Paugusset Club Incorporated employed 46 individuals. Paugusset 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 12/2021, Paugusset Club Incorporated generated $428.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $394.1k during the year ending 12/2021. While expenses have increased by 0.5% 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
THE ORGANIZATION PROVIDES MEMBERS AND THEIR GUESTS WITH POOL AND TENNIS FACILITIES ALONG WITH A CLUBHOUSE FOR SOCIAL EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAMS OFFERED ARE TENNIS, SWIMMING AND SOCIAL PROGRAMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Matthew Shaw President | OfficerTrustee | 1 | $0 |
Sabre Donovan Vice President | OfficerTrustee | 1 | $0 |
Philip W Grande Jr Treasurer | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $336,493 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $15,250 |
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 | $351,743 |
Total Program Service Revenue | $76,962 |
Investment income | $8 |
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 | $428,713 |
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 | $93,946 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $9,512 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,800 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $13,418 |
Advertising and promotion | $0 |
Office expenses | $146 |
Information technology | $1,572 |
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 | $18,609 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $38,003 |
Insurance | $26,235 |
All other expenses | $55,019 |
Total functional expenses | $394,124 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $93,519 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $39,449 |
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 | $0 |
Net Land, buildings, and equipment | $704,480 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $1,351 |
Other assets | $15,027 |
Total assets | $853,826 |
Accounts payable and accrued expenses | $3,000 |
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 | $469,856 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $399 |
Total liabilities | $473,255 |
Net assets without donor restrictions | $380,571 |
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 | $853,826 |
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