Nassau Country Club
- Assets
- $14.7m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 178
- Location
- Glen Cove, NY
- Founding
- 05/1936
- Data as of
- 03/2023
- EIN
- 11-1113880
Organization Overview
Nassau Country Club is located in Glen Cove, NY. The organization was established in 1936. 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 03/2023, Nassau Country Club employed 178 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nassau Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2023, Nassau Country Club generated $10.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $9.4m during the year ending 03/2023. While expenses have increased by 2.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GOLF AND OTHER SPORTS AND SOCIAL ACTIVITIES FOR 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 |
|---|---|---|---|
Kerrill O'mahony President | OfficerTrustee | 3 | $0 |
Brian J Fitzgerald Vice President | OfficerTrustee | 3 | $0 |
John Cook Treasurer | OfficerTrustee | 3 | $0 |
Joseph J Pollaci Secretary | OfficerTrustee | 3 | $0 |
Joseph Cooney Director | Trustee | 3 | $0 |
Thomas Courtney Director | Trustee | 3 | $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 | $6,683,852 |
| Investment income | $20,895 |
| 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 | $3,302,014 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,058,911 |
| 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. | $666,283 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,775,414 |
| Pension plan accruals and contributions | $44,950 |
| Other employee benefits | $573,601 |
| Payroll taxes | $451,548 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,151 |
| Fees for services: Accounting | $28,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,230 |
| Advertising and promotion | $0 |
| Office expenses | $102,253 |
| Information technology | $60,525 |
| Royalties | $0 |
| Occupancy | $814,710 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,364 |
| Interest | $12,375 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,146,666 |
| Insurance | $302,239 |
| All other expenses | $124,434 |
| Total functional expenses | $9,393,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,282 |
| Savings and temporary cash investments | $2,982,841 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $609,309 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $647,365 |
| Prepaid expenses and deferred charges | $307,082 |
| Net Land, buildings, and equipment | $10,066,584 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,697,463 |
| Accounts payable and accrued expenses | $1,173,768 |
| 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 | $4,359,374 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $234,641 |
| Total liabilities | $5,767,783 |
| Net assets without donor restrictions | $8,929,680 |
| 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 | $14,697,463 |