South Fork Country Club Inc
- Assets
- $27.6m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 88
- Location
- Amagansett, NY
- Founding
- 11/1961
- Data as of
- 12/2023
- EIN
- 11-1960057
Organization Overview
South Fork Country Club Inc is located in Amagansett, NY. The organization was established in 1961. 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, South Fork Country Club Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Fork 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 12/2023, South Fork Country Club Inc generated $10.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $6.9m during the year ending 12/2023. While expenses have increased by 7.4% 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 GOLF AND COUNTRY CLUB FACILITIES.
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 |
|---|---|---|---|
Alex Walter President | OfficerTrustee | 10 | $0 |
Tim Brenneman Vice President | OfficerTrustee | 10 | $0 |
Thomas Delitto Treasurer | OfficerTrustee | 10 | $0 |
Alex Esposito Director | Trustee | 5 | $0 |
Alex Frank Director | Trustee | 5 | $0 |
Genie Gavenchak Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Storr Tractor Co Course Equipment And Materials | 12/30/23 | $264,221 |
Friends Irrigation Inc Irrigation Service | 12/30/23 | $129,517 |
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 | $8,459,076 |
| Investment income | $73,133 |
| 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 | $2,070,218 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,602,427 |
| 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. | $613,761 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,132,432 |
| Pension plan accruals and contributions | $33,397 |
| Other employee benefits | $358,948 |
| Payroll taxes | $328,729 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,668 |
| Fees for services: Accounting | $19,098 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $672,161 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $249,404 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,737 |
| Interest | $141,016 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,150,717 |
| Insurance | $247,270 |
| All other expenses | $53,355 |
| Total functional expenses | $6,889,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,842 |
| Savings and temporary cash investments | $3,625,479 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,001,773 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $278,849 |
| Prepaid expenses and deferred charges | $211,896 |
| Net Land, buildings, and equipment | $20,223,616 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $170,537 |
| Total assets | $27,638,992 |
| Accounts payable and accrued expenses | $227,954 |
| Grants payable | $0 |
| Deferred revenue | $18,014 |
| 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 | $4,119,843 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,365,811 |
| Net assets without donor restrictions | $23,273,181 |
| 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 | $27,638,992 |