Country Club Of Darien
- Assets
- $36.1m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 241
- Location
- Darien, CT
- Founding
- 05/1987
- Data as of
- 10/2020
- EIN
- 06-1177061
Organization Overview
Country Club Of Darien is located in Darien, CT. The organization was established in 1987. 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 10/2020, Country Club Of Darien employed 241 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Country Club Of Darien is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2020, Country Club Of Darien generated $11.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $12.1m during the year ending 10/2020. While expenses have increased by 1.7% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE COUNTRY CLUB OF DARIEN, INC. OPERATES CLUBHOUSE FOR THE USE AND ENJOYMENT OF ITS MEMBERS AND THEIR GUESTS. AND MAINTAINS A GOLF COURSE, TENNIS, POOL, FITNESS FACILITIES, AND A CLUBHOUSE FOR THE USE AND ENJOYMENT OF ITS 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 |
|---|---|---|---|
Marc Possidento General Manager | Officer | 40 | $351,553 |
Timothy O'neill Grounds Superintendent | Officer | 40 | $262,116 |
Cory Muller Golf Pro | 40 | $202,308 | |
Pablo Lorenzo Executive Chef | 40 | $199,250 | |
Lisa Cartier Controller | 40 | $187,380 | |
Erika Kitano Assistant General Manager | 40 | $139,132 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Total Platform Tennis Renovations | 10/30/20 | $129,614 |
Mottin Golf Course Renovations Renovations | 10/30/20 | $312,352 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $49,732 |
| 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 | $3,146,039 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,698,340 |
| Statement of Expenses | |
|---|---|
| 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. | $674,038 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,730,622 |
| Pension plan accruals and contributions | $209,138 |
| Other employee benefits | $703,627 |
| Payroll taxes | $388,720 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,126 |
| Fees for services: Accounting | $41,379 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $146,957 |
| Advertising and promotion | $0 |
| Office expenses | $214,447 |
| Information technology | $130,865 |
| Royalties | $0 |
| Occupancy | $808,823 |
| Travel | $12,594 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,821 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,246,254 |
| Insurance | $206,795 |
| All other expenses | $0 |
| Total functional expenses | $12,094,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $840,164 |
| Savings and temporary cash investments | $3,450,573 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $493,971 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $165,256 |
| Prepaid expenses and deferred charges | $65,483 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,108,761 |
| Accounts payable and accrued expenses | $1,173,565 |
| 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 | $57,351 |
| Other liabilities | $3,166,500 |
| Total liabilities | $4,397,416 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $31,711,345 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Athletic Club New York, NY | $79,824,386 | $36,957,466 |
University Club New York, NY | $61,571,312 | $30,883,399 |
Country Club Chestnut Hill, MA | $75,043,157 | $30,549,304 |
Winged Foot Golf Club Inc Mamaroneck, NY | $47,661,307 | $23,506,154 |
New York Yacht Club New York, NY | $54,553,348 | $22,663,268 |
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Wee Burn Country Club Inc Darien, CT | $32,519,463 | $16,725,850 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
Greenwich Country Club Greenwich, CT | $48,407,804 | $23,136,592 |
Harvard Club Of New York City New York, NY | $57,363,784 | $14,784,742 |