National Golf Links Of America
- Assets
- $12.2m
- Revenue
- $13.8m
- Investments
- $0.0
- Employees
- 93
- Location
- Southampton, NY
- Founding
- 08/1965
- Data as of
- 10/2023
- EIN
- 11-1116840
Organization Overview
National Golf Links Of America is located in Southampton, NY. The organization was established in 1965. 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 10/2023, National Golf Links Of America employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Golf Links Of America is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, National Golf Links Of America generated $13.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $12.5m during the year ending 10/2023. While expenses have increased by 3.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB PROVIDES GOLF FACILITIES FOR ITS MEMBERS AND MAINTAINS A CLUBHOUSE, WHICH INCLUDES LODGING AND DINING FACILITIES FOR THE USE AND ENJOYMENT OF ITS MEMBERS.
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 |
|---|---|---|---|
William R Araskog Director | OfficerTrustee | 3 | $0 |
Robert F Cummings Jr Director | OfficerTrustee | 3 | $0 |
R Kelly Doherty Director | OfficerTrustee | 3 | $0 |
Winston W Hutchins Director | OfficerTrustee | 3 | $0 |
Bart A Johnston Director | Trustee | 3 | $0 |
J Kevin Kenny Jr Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gt Power Systems Electrician | 10/30/19 | $414,173 |
Land Fx Landscaper | 10/30/19 | $142,200 |
Vision Designers-builders Inc Construction | 10/30/19 | $510,589 |
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 | $7,378,050 |
| Investment income | $143,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,481 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,301,097 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,833,737 |
| 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. | $800,026 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,456,390 |
| Pension plan accruals and contributions | $128,305 |
| Other employee benefits | $1,070,727 |
| Payroll taxes | $451,095 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,300 |
| Fees for services: Accounting | $33,777 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,597 |
| Advertising and promotion | $0 |
| Office expenses | $674,149 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $461,382 |
| 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 | $431,716 |
| Insurance | $315,048 |
| All other expenses | $146,759 |
| Total functional expenses | $12,474,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,241,361 |
| Savings and temporary cash investments | $2,757,847 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $758,511 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $426,475 |
| Prepaid expenses and deferred charges | $264,491 |
| Net Land, buildings, and equipment | $350,017 |
| Investments—publicly traded securities | $5,325,610 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,104,005 |
| Total assets | $12,228,317 |
| Accounts payable and accrued expenses | $482,654 |
| 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 | $4,965,001 |
| Total liabilities | $5,447,655 |
| Net assets without donor restrictions | $6,780,662 |
| 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 | $12,228,317 |