Black Hall Club Inc
- Assets
- $6.3m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 63
- Location
- Old Lyme, CT
- Founding
- 06/1983
- Data as of
- 09/2023
- EIN
- 06-0801438
Organization Overview
Black Hall Club Inc is located in Old Lyme, CT. The organization was established in 1983. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Black Hall Club Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Hall 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 09/2023, Black Hall Club Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $2.7m during the year ending 09/2023. While expenses have increased by 4.0% 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
PRIVATE GOLF CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BLACK HALL CLUB, INC. OWNS AND OPERATES A PRIVATE GOLF COURSE IN OLD LYME, CT. THE COURSE IS OPEN TO ITS APPROXIMATELY 300 MEMBERS AND THEIR GUESTS. ONLY LIMITED NONMEMBER USE IS ALLOWED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Tiffany Asst Secretary | OfficerTrustee | 40 | $49,368 |
Anthony Stratidis President | OfficerTrustee | 4 | $0 |
Rich Bacci Asst Treasurer | OfficerTrustee | 4 | $0 |
Lee Ann Palladino Treasurer | OfficerTrustee | 4 | $0 |
Scott Farrell Director | Trustee | 2 | $0 |
Martin Smith Director | Trustee | 2 | $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 | $3,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,775 |
| Total Program Service Revenue | $2,749,677 |
| Investment income | $29,846 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$64,530 |
| 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 | $2,718,768 |
| 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. | $49,368 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,086,514 |
| Pension plan accruals and contributions | $13,922 |
| Other employee benefits | $215,139 |
| Payroll taxes | $113,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,505 |
| Fees for services: Accounting | $7,875 |
| 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 | $0 |
| 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 | $309,015 |
| Insurance | $77,453 |
| All other expenses | $453,464 |
| Total functional expenses | $2,706,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350 |
| Savings and temporary cash investments | $1,024,426 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $192,608 |
| 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 | $70,510 |
| Net Land, buildings, and equipment | $4,902,160 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,779 |
| Other assets | $107,827 |
| Total assets | $6,300,660 |
| Accounts payable and accrued expenses | $147,180 |
| 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 | $138,824 |
| Total liabilities | $286,004 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $4,580,924 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,433,732 |
| Total liabilities and net assets/fund balances | $6,300,660 |