Weekapaug Golf Club
- Assets
- $7.0m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 89
- Location
- Westerly, RI
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 06-1481092
Organization Overview
Weekapaug Golf Club is located in Westerly, RI. The organization was established in 2019. 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 12/2022, Weekapaug Golf Club employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weekapaug Golf Club 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, Weekapaug Golf Club generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. 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
THE CLUB'S PURPOSE IS TO OWN, MAINTAIN AND OPERATE A GOLF COURSE, PROMOTE THE GAME OF GOLF AND OTHER RELATED SOCIAL AND RECREATIONAL ACTIVITIES FOR THE BENEFIT OF ITS MEMBERS. THE CLUB IS A SEASONAL SOCIAL CLUB THAT OPERATES FOR ITS MEMBERS PRIMARILY FROM MID-SPRING THROUGH MID-FALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE OPERATIONS - MAINTENANCE OF GOLF COURSE, MANAGEMENT OF DAILY MEMBER GOLFING, CLINICS, PRACTICE RANGE, HANDICAP SERVICES, LESSONS, CARTS, CADDY SERVICES.
FOOD AND BEVERAGE - MEMBER DINING AND SOCIAL EVENTS.
EVENTS - MANAGEMENT OF TOURNAMENTS, OUTINGS AND BANQUETS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Fitzgerald President | OfficerTrustee | 5 | $0 |
Drew Casertano Vice President | OfficerTrustee | 0.25 | $0 |
Lance Mackey Treasurer | OfficerTrustee | 2.5 | $0 |
Mary Weiss Secretary | OfficerTrustee | 0.25 | $0 |
Nancy Jordan Membership Chair | Trustee | 0.25 | $0 |
Bob Williams Greens Chair | Trustee | 0.25 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,526,433 |
| Investment income | $368 |
| 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 | -$227,416 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,425,618 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,398 |
| 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. | $164,550 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $626,246 |
| Pension plan accruals and contributions | $11,264 |
| Other employee benefits | $72,485 |
| Payroll taxes | $100,554 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,987 |
| Fees for services: Accounting | $115,336 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,993 |
| Advertising and promotion | $16,114 |
| Office expenses | $43,341 |
| Information technology | $36,704 |
| Royalties | $0 |
| Occupancy | $198,846 |
| Travel | $6,911 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $57,204 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $316,644 |
| Insurance | $82,665 |
| All other expenses | $27,367 |
| Total functional expenses | $2,265,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,179,734 |
| Savings and temporary cash investments | $284,929 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $154,991 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,440 |
| Prepaid expenses and deferred charges | $57,362 |
| Net Land, buildings, and equipment | $5,264,537 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $19,011 |
| Other assets | $0 |
| Total assets | $7,028,004 |
| Accounts payable and accrued expenses | $142,288 |
| Grants payable | $0 |
| Deferred revenue | $1,027,773 |
| 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 | $992,567 |
| Unsecured mortgages and notes payable | $157,120 |
| Other liabilities | $18,000 |
| Total liabilities | $2,337,748 |
| Net assets without donor restrictions | $4,690,256 |
| 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 | $7,028,004 |
Grants Awarded
Over the last fiscal year, Weekapaug Golf Club has awarded $26,698 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH COUNTY HABITAT FOR HUMANITY PURPOSE: CHARITY GOLF TOURNAMENT | $16,198 |
BURKE FUND PURPOSE: SCHOLARSHIP FUND | $10,500 |