Westhampton Country Club Inc
- Assets
- $24.2m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 179
- Location
- Westhampton Beach, NY
- Founding
- 06/1953
- Data as of
- 10/2023
- EIN
- 11-1505343
Organization Overview
Westhampton Country Club Inc is located in Westhampton Beach, NY. The organization was established in 1953. As of 10/2023, Westhampton Country Club Inc employed 179 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westhampton Country Club Inc 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, Westhampton Country Club Inc generated $11.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $10.3m during the year ending 10/2023. While expenses have increased by 4.7% per year over the past 8 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 PURPOSE OF THE CLUB IS TO PROVIDE & MAINTAIN A CLUBHOUSE AND GROUNDS FOR PROMOTING SOCIAL GATHERINGS AND FACILITIES FOR GOLF, TENNIS & SPORTS FOR THE ENJOYMENT OF THE 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 |
|---|---|---|---|
Robin Napoli President | OfficerTrustee | 1 | $0 |
George Vickers Vice President | OfficerTrustee | 1 | $0 |
Kevin Dwyer Vice President | OfficerTrustee | 1 | $0 |
Sean Mccooey Secretary | OfficerTrustee | 1 | $0 |
Keri Maccoll Treasurer | OfficerTrustee | 1 | $0 |
Edward Breslin 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 | $6,684,677 |
| Investment income | $167,529 |
| 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 | $4,183,501 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,035,707 |
| 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. | $792,163 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,122,971 |
| Pension plan accruals and contributions | $83,413 |
| Other employee benefits | $683,784 |
| Payroll taxes | $530,792 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,904 |
| Advertising and promotion | $0 |
| Office expenses | $184,761 |
| Information technology | $60,933 |
| Royalties | $0 |
| Occupancy | $303,342 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $88,409 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,088,391 |
| Insurance | $204,864 |
| All other expenses | $371,612 |
| Total functional expenses | $10,342,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $599,667 |
| Savings and temporary cash investments | $3,468,185 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $583,283 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $170,993 |
| Prepaid expenses and deferred charges | $125,269 |
| Net Land, buildings, and equipment | $19,243,798 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,191,195 |
| Accounts payable and accrued expenses | $952,061 |
| 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 | $11,122,306 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,074,367 |
| Net assets without donor restrictions | $12,116,828 |
| 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 | $24,191,195 |