Meadow Club Of Southampton
- Assets
- $18.1m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 119
- Location
- Southampton, NY
- Founding
- 09/1934
- Data as of
- 12/2021
- EIN
- 11-1068130
Organization Overview
Meadow Club Of Southampton is located in Southampton, NY. The organization was established in 1934. 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 12/2021, Meadow Club Of Southampton employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meadow Club Of Southampton is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Meadow Club Of Southampton generated $7.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $7.0m during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB HAS BEEN FORMED FOR SOCIAL & ATHLETIC PURPOSES, TO PROVIDE & MAINTAIN FACILITIES FOR ATHLETIC, RECREATIONAL & SOCIAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry M Cocowitch Jr Executive Manager | Officer | 40 | $478,593 |
David G Price Manager Bldgs & Grounds | Officer | 40 | $155,028 |
Joseph Czelatka Grounds Superintendent | 40 | $129,705 | |
William G Mcknight Chairman | OfficerTrustee | 1 | $0 |
Alan R Mcfarland Secretary | OfficerTrustee | 1 | $0 |
Mark D Mcdonnell Vice President & Treasurer | OfficerTrustee | 1 | $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 | $196,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,025 |
| Total Program Service Revenue | $4,025,531 |
| Investment income | $97,486 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,927 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,071,392 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,409,361 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,790 |
| 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. | $682,141 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,504,399 |
| Pension plan accruals and contributions | $117,619 |
| Other employee benefits | $293,080 |
| Payroll taxes | $290,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,352 |
| Fees for services: Accounting | $27,062 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $814,853 |
| Advertising and promotion | $0 |
| Office expenses | $231,255 |
| Information technology | $51,063 |
| Royalties | $0 |
| Occupancy | $263,604 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $873,734 |
| Insurance | $344,298 |
| All other expenses | $0 |
| Total functional expenses | $7,042,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $523,169 |
| Savings and temporary cash investments | $5,797,166 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,455 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $66,312 |
| Prepaid expenses and deferred charges | $198,876 |
| Net Land, buildings, and equipment | $10,546,407 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $961,523 |
| Total assets | $18,136,908 |
| Accounts payable and accrued expenses | $22,276 |
| 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 | $0 |
| Other liabilities | $1,005,523 |
| Total liabilities | $1,027,799 |
| Net assets without donor restrictions | $17,109,109 |
| 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 | $18,136,908 |
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