Watertown Golf Club Incorporated
- Assets
- $2.4m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 109
- Location
- Watertown, CT
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 06-1303559
Organization Overview
Watertown Golf Club Incorporated is located in Watertown, CT. The organization was established in 0000. 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, Watertown Golf Club Incorporated employed 109 individuals. Watertown Golf Club Incorporated 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, Watertown Golf Club Incorporated generated $2.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 1.0% 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 PROVIDE MEMBERS WITH GOLF, DINING AND SOCIAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEMBERS WITH GOLF, DINING AND SOCIAL ACTIVITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Slapikas President | OfficerTrustee | 10 | $0 |
Thomas Murphy Vice Preside | OfficerTrustee | 2 | $0 |
John Boucher Secretary | OfficerTrustee | 2 | $0 |
David Longo Treasurer | OfficerTrustee | 5 | $0 |
Michael Garassino Board Member | Trustee | 2 | $0 |
Shawn Burns Board Member | 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 | $50,806 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,806 |
| Total Program Service Revenue | $2,079,122 |
| Investment income | $1,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,537 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $177,965 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,314,271 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $909,171 |
| Pension plan accruals and contributions | $8,877 |
| Other employee benefits | $38,510 |
| Payroll taxes | $86,315 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,731 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,429 |
| Advertising and promotion | $200 |
| Office expenses | $7,639 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,425 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $77,255 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $157,821 |
| Insurance | $87,149 |
| All other expenses | $317,498 |
| Total functional expenses | $2,331,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,187 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $226,084 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,037 |
| Prepaid expenses and deferred charges | $33,021 |
| Net Land, buildings, and equipment | $1,813,111 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,655 |
| Other assets | $0 |
| Total assets | $2,362,095 |
| Accounts payable and accrued expenses | $269,402 |
| Grants payable | $0 |
| Deferred revenue | $26,632 |
| 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 | $1,737,702 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,033,736 |
| Net assets without donor restrictions | $328,359 |
| 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 | $2,362,095 |