Connecticut Golf Club Inc
- Assets
- $14.5m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 81
- Location
- Easton, CT
- Founding
- 11/1968
- Data as of
- 12/2022
- EIN
- 06-0842905
Organization Overview
Connecticut Golf Club Inc is located in Easton, 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 12/2022, Connecticut Golf Club Inc employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Golf 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 12/2022, Connecticut Golf Club Inc generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $3.5m during the year ending 12/2022. While expenses have increased by 1.2% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A PREMIUM GOLFING EXPERIENCE FOR MEMBERS AND 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 |
|---|---|---|---|
David Groener President | OfficerTrustee | 3 | $0 |
Rodney Jenks Vice-President | OfficerTrustee | 3 | $0 |
Brian Corvese Treasurer | OfficerTrustee | 3 | $0 |
Nick Debellis Governor | Trustee | 3 | $0 |
Samuel Simons Governor | Trustee | 3 | $0 |
Thomas Hoey Governor | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcdonald N Sons Golf Course Constructions | 12/30/21 | $415,141 |
Jf Wright Excavation Llc Course Excavation During Renovation | 12/30/21 | $115,304 |
Weston Arborists Inc Tree Removal, Clearing & Stump Grinding | 12/30/21 | $104,563 |
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 | $4,799,549 |
| Investment income | $0 |
| 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 | $622,363 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,421,912 |
| 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. | $215,403 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,844,252 |
| Pension plan accruals and contributions | $2,066 |
| Other employee benefits | $90,232 |
| Payroll taxes | $197,065 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $540 |
| Fees for services: Accounting | $25,728 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,846 |
| Advertising and promotion | $0 |
| Office expenses | $73,124 |
| Information technology | $28,957 |
| Royalties | $0 |
| Occupancy | $287,851 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,708 |
| Interest | $969 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $102,500 |
| All other expenses | $0 |
| Total functional expenses | $3,545,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,219,731 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,785,263 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $120,895 |
| Prepaid expenses and deferred charges | $25,363 |
| Net Land, buildings, and equipment | $10,304,350 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,455,602 |
| Accounts payable and accrued expenses | $827,173 |
| Grants payable | $0 |
| Deferred revenue | $2,731,030 |
| 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 | $4,046,797 |
| Other liabilities | $970,188 |
| Total liabilities | $8,575,188 |
| Net assets without donor restrictions | $5,880,414 |
| 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 | $14,455,602 |