Rolling Hills Country Club Inc
- Assets
- $19.0m
- Revenue
- $11.5m
- Investments
- $0.0
- Employees
- 228
- Location
- Wilton, CT
- Founding
- 04/1962
- Data as of
- 12/2023
- EIN
- 06-0769554
Organization Overview
Rolling Hills Country Club Inc is located in Wilton, CT. The organization was established in 1962. 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 12/2023, Rolling Hills Country Club Inc employed 228 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rolling Hills 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 12/2023, Rolling Hills Country Club Inc generated $11.5m 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 $11.4m during the year ending 12/2023. While expenses have increased by 2.2% 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
TO PROVIDE THE BEST QUALITY EXPERIENCE IN SPORTS, ENTERTAINMENT, AND SOCIAL INTERACTION.
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 |
|---|---|---|---|
Richard Canzonetti President | OfficerTrustee | 3 | $0 |
Jonathan Cramer Vice President | OfficerTrustee | 3 | $0 |
Kenneth Mettel Treasurer | OfficerTrustee | 3 | $0 |
Steve Gersh Secretary | OfficerTrustee | 3 | $0 |
Richard Kaplowitz Past President | Trustee | 3 | $0 |
Michael Walden Board Member | 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 | $7,767,642 |
| Investment income | $143,811 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,143 |
| 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 | $3,559,002 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,491,598 |
| 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. | $563,395 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,738,449 |
| Pension plan accruals and contributions | $76,538 |
| Other employee benefits | $278,458 |
| Payroll taxes | $546,815 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,180 |
| Advertising and promotion | $0 |
| Office expenses | $250,010 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $806,728 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $458,971 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,526,002 |
| Insurance | $145,795 |
| All other expenses | $182,398 |
| Total functional expenses | $11,368,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,600 |
| Savings and temporary cash investments | $5,336,717 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $611,794 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $145,866 |
| Prepaid expenses and deferred charges | $286,582 |
| Net Land, buildings, and equipment | $12,399,391 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $255,482 |
| Total assets | $19,039,432 |
| Accounts payable and accrued expenses | $665,935 |
| Grants payable | $0 |
| Deferred revenue | $224,540 |
| 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 | $11,813,421 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $611,625 |
| Total liabilities | $13,315,521 |
| Net assets without donor restrictions | $5,723,911 |
| 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 | $19,039,432 |