Noyac Golf Club Inc
- Assets
- $29.0m
- Revenue
- $12.9m
- Investments
- $0.0
- Employees
- 91
- Location
- Sag Harbor, NY
- Founding
- 04/1981
- Data as of
- 11/2023
- EIN
- 11-6023340
Organization Overview
Noyac Golf Club Inc is located in Sag Harbor, NY. The organization was established in 1981. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 11/2023, Noyac Golf Club Inc employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Noyac Golf 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 11/2023, Noyac Golf Club Inc generated $12.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $10.6m during the year ending 11/2023. While expenses have increased by 5.5% per year over the past 6 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
PROVIDE ENVIRONMENT THAT ENHANCES THE PLEASURE/ENJOYMENT OF CLUB FACILITIES FOR MEMBER/GUEST.
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 |
|---|---|---|---|
Thomas Morrissey President | OfficerTrustee | 4 | $0 |
Bill Belloli Vice President | OfficerTrustee | 4 | $0 |
James Follo Treasurer | OfficerTrustee | 4 | $0 |
Sharon Held Secretary | OfficerTrustee | 4 | $0 |
Steve Maietta Board Member | Trustee | 3 | $0 |
Geoffrey Arens Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
J Carleton Contracting Inc Interior Repairs | 11/29/23 | $548,078 |
Storr Tractor Co Suppliers Of Parts For Golf Equipments C | 11/29/23 | $344,906 |
Southampton Excavation Topsoil, Sand, Removal Of Debris | 11/29/23 | $324,289 |
Navitas Credit Equipment Leases | 11/29/23 | $319,960 |
Xgd Systems Llc Golf Course Renovation | 11/29/23 | $300,412 |
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 | $11,094,087 |
| Investment income | $290,656 |
| 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 | $1,375,008 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,918,508 |
| 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. | $749,916 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,410,098 |
| Pension plan accruals and contributions | $63,811 |
| Other employee benefits | $296,133 |
| Payroll taxes | $416,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,163 |
| Advertising and promotion | $0 |
| Office expenses | $332,380 |
| Information technology | $57,055 |
| Royalties | $0 |
| Occupancy | $438,428 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $62,031 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,505,688 |
| Insurance | $194,135 |
| All other expenses | $119,262 |
| Total functional expenses | $10,638,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275 |
| Savings and temporary cash investments | $4,506,197 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,385 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,450 |
| Prepaid expenses and deferred charges | $120,788 |
| Net Land, buildings, and equipment | $19,574,589 |
| Investments—publicly traded securities | $3,933,750 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $738,598 |
| Total assets | $28,978,032 |
| Accounts payable and accrued expenses | $96,905 |
| 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 | $2,080,550 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $164,038 |
| Total liabilities | $2,341,493 |
| Net assets without donor restrictions | $26,636,539 |
| 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 | $28,978,032 |