Hay Harbor Club Inc
- Assets
- $4.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 73
- Location
- Fishers Island, NY
- Founding
- 04/1950
- Data as of
- 12/2021
- EIN
- 11-1601590
Organization Overview
Hay Harbor Club Inc is located in Fishers Island, NY. The organization was established in 1950. 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 12/2021, Hay Harbor Club Inc employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hay Harbor 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 12/2021, Hay Harbor Club Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH & MAINTAIN SOCIAL & RECREATIONAL FACILITIES & FUNCTIONS FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Gerbutavich General Manager | 40 | $143,567 | |
Annemarie Thibodeau Controller | 40 | $109,450 | |
Lois Dwinell President (since 8/2021) | OfficerTrustee | 4 | $0 |
Morris Macleod President (until 8/2021) | OfficerTrustee | 4 | $0 |
Edmund Redd Vice President (since 8/21) | OfficerTrustee | 4 | $0 |
Theodore Ahrens Treasurer (until 8/21) | OfficerTrustee | 4 | $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 | $1,892,122 |
| Investment income | $1,186 |
| 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 | $581,598 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,474,906 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,233,154 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $235,687 |
| Payroll taxes | $112,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,244 |
| Fees for services: Accounting | $9,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $0 |
| Office expenses | $33,839 |
| Information technology | $25,974 |
| Royalties | $0 |
| Occupancy | $193,088 |
| Travel | $7,554 |
| 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 | $316,650 |
| Insurance | $176,461 |
| All other expenses | $0 |
| Total functional expenses | $2,583,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,424 |
| Savings and temporary cash investments | $836,858 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,034 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,964 |
| Prepaid expenses and deferred charges | $91,849 |
| Net Land, buildings, and equipment | $2,919,493 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $187,195 |
| Total assets | $4,297,817 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,297,817 |
| 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 | $4,297,817 |
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Montclair Golf Club Montclair, NJ | $32,931,083 | $17,687,834 |
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