Aspetuck Valley Country Club Inc
- Assets
- $19.3m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 26
- Location
- Weston, CT
- Founding
- 11/1968
- Data as of
- 12/2023
- EIN
- 06-0841479
Organization Overview
Aspetuck Valley Country Club Inc is located in Weston, CT. The organization was established in 1968. 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, Aspetuck Valley Country Club Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspetuck Valley 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, Aspetuck Valley Country Club Inc generated $11.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $9.2m during the year ending 12/2023. While expenses have increased by 2.2% per year over the past 9 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 MAINTAIN AND OPERATE A PRIVATE, NONPROFIT CLUB WHICH WILL PROVIDE GOLF, TENNIS, SWIMMING, AND SUCH OTHER SPORTS AND SOCIAL ACTIVITIES FOR CLUB MEMBERS AND THEIR GUESTS.
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 |
|---|---|---|---|
Dana Repka President | OfficerTrustee | 2 | $0 |
Per Ekholdt Vice Presdent | OfficerTrustee | 2 | $0 |
Dan Finnegan Treasurer | OfficerTrustee | 2 | $0 |
Adam Klimek Secretary | OfficerTrustee | 2 | $0 |
David Berman Board Member | Trustee | 2 | $0 |
Alezander Christon Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arizon Structure Worldwide Llc Purc./install Bubble | 12/30/16 | $244,776 |
Philip H Cerrone Architect Architect | 12/30/16 | $105,305 |
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 | $8,241,542 |
| Investment income | $13,935 |
| 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 | $2,739,079 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,994,556 |
| 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. | $554,002 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,503,955 |
| Pension plan accruals and contributions | $96,356 |
| Other employee benefits | $421,337 |
| Payroll taxes | $260,334 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $935 |
| Fees for services: Accounting | $36,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $197,147 |
| Advertising and promotion | $0 |
| Office expenses | $607,934 |
| Information technology | $18,776 |
| Royalties | $0 |
| Occupancy | $656,237 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,692 |
| Interest | $132,495 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,183,256 |
| Insurance | $223,924 |
| All other expenses | $0 |
| Total functional expenses | $9,212,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $699,116 |
| Savings and temporary cash investments | $126,920 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,355,939 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $98,708 |
| Prepaid expenses and deferred charges | $92,389 |
| Net Land, buildings, and equipment | $15,846,820 |
| Investments—publicly traded securities | $463,562 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $633,301 |
| Total assets | $19,316,755 |
| Accounts payable and accrued expenses | $878,147 |
| Grants payable | $0 |
| Deferred revenue | $636,815 |
| 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 | $6,237,861 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $763,390 |
| Total liabilities | $8,516,213 |
| Net assets without donor restrictions | $10,800,542 |
| 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 | $19,316,755 |