Shinnecock Hills Golf Club
- Assets
- $5.1m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 106
- Location
- Southampton, NY
- Founding
- 10/1942
- Data as of
- 12/2022
- EIN
- 11-1324970
Organization Overview
Shinnecock Hills Golf Club is located in Southampton, NY. The organization was established in 1942. 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 12/2022, Shinnecock Hills Golf Club employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shinnecock Hills 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, Shinnecock Hills Golf Club generated $8.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $11.3m 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
TO PROMOTE THE GAME OF GOLF AND SOCIAL ACTIVITIES AND TO PROVIDE AND MAINTAIN A GOLF COURSE, A CLUBHOUSE AND 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 |
|---|---|---|---|
Barrett N Pickett President | OfficerTrustee | 1 | $0 |
Bernard Bailey Vice President | OfficerTrustee | 1 | $0 |
Peter A Nadosy Treasurer | OfficerTrustee | 1 | $0 |
Philip Edwards Secretary | OfficerTrustee | 1 | $0 |
Julie Frist Governor | Trustee | 1 | $0 |
Mark Mcdonnell Governor | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,032,560 |
| Investment income | $14,809 |
| 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 | $4,467,417 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,814,086 |
| 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. | $766,236 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,521,235 |
| Pension plan accruals and contributions | $36,339 |
| Other employee benefits | $416,637 |
| Payroll taxes | $458,903 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,667 |
| Fees for services: Accounting | $29,154 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,088 |
| Advertising and promotion | $0 |
| Office expenses | $423,220 |
| Information technology | $23,147 |
| Royalties | $0 |
| Occupancy | $379,158 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $86,904 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $218,113 |
| All other expenses | $187,670 |
| Total functional expenses | $11,251,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,179,568 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $122,236 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $52,905 |
| Prepaid expenses and deferred charges | $291,552 |
| Net Land, buildings, and equipment | $385,977 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,606 |
| Total assets | $5,057,844 |
| Accounts payable and accrued expenses | $417,665 |
| Grants payable | $0 |
| Deferred revenue | $6,000 |
| 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 | $3,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,423,665 |
| Net assets without donor restrictions | $1,634,179 |
| 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 | $5,057,844 |