Piping Rock Club
- Assets
- $30.2m
- Revenue
- $19.4m
- Investments
- $0.0
- Employees
- 305
- Location
- Locust Valley, NY
- Founding
- 08/1981
- Data as of
- 12/2023
- EIN
- 11-1191180
Organization Overview
Piping Rock Club is located in Locust Valley, NY. The organization was established in 1981. 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, Piping Rock Club employed 305 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piping Rock Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Piping Rock Club generated $19.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $20.2m during the year ending 12/2023. While expenses have increased by 3.8% 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 PROPER GROUNDS FOR THE GAME OF GOLF AND OTHER OUTDOOR SPORTS 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 |
|---|---|---|---|
Ann D Conway President | OfficerTrustee | 3 | $0 |
Eric O Fornell Vice President | OfficerTrustee | 3 | $0 |
Megan D Scott Secretary | OfficerTrustee | 3 | $0 |
Peter J Pell Jr Secretary | OfficerTrustee | 3 | $0 |
Thomas St Gimbel Treasurer | OfficerTrustee | 3 | $0 |
Johnston L Evans Assistant Treasurer | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shk Quinlivan Llc Golf Pro Lessons | 12/30/19 | $389,991 |
Stone Cold Squash Inc Squash Pro Lessons | 12/30/19 | $112,913 |
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 | $12,437,222 |
| Investment income | $334,902 |
| 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 | $6,635,217 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,415,990 |
| 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. | $854,345 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,740,168 |
| Pension plan accruals and contributions | $406,625 |
| Other employee benefits | $1,389,300 |
| Payroll taxes | $1,037,779 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $84,380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $160,887 |
| Advertising and promotion | $0 |
| Office expenses | $560,535 |
| Information technology | $66,457 |
| Royalties | $0 |
| Occupancy | $678,883 |
| Travel | $26,737 |
| 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 | $1,979,954 |
| Insurance | $559,667 |
| All other expenses | $596,139 |
| Total functional expenses | $20,198,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,836,577 |
| Savings and temporary cash investments | $6,630 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $949,228 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $884,601 |
| Prepaid expenses and deferred charges | $466,279 |
| Net Land, buildings, and equipment | $18,053,193 |
| Investments—publicly traded securities | $6,974,176 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,075,146 |
| Total assets | $30,245,830 |
| Accounts payable and accrued expenses | $1,929,140 |
| 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 | $3,976,543 |
| Total liabilities | $5,905,683 |
| Net assets without donor restrictions | $24,340,147 |
| 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 | $30,245,830 |