Fenway Golf Club Inc
- Assets
- $18.3m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 121
- Location
- Scarsdale, NY
- Founding
- 01/1942
- Data as of
- 08/2023
- EIN
- 13-1706855
Organization Overview
Fenway Golf Club Inc is located in Scarsdale, 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 08/2023, Fenway Golf Club Inc employed 121 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fenway 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 08/2023, Fenway Golf Club Inc generated $12.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $11.4m during the year ending 08/2023. While expenses have increased by 3.6% 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
TO PROVIDE FACILITIES FOR ITS MEMBERS TO PLAY GOLF, & TO INDULGE IN OTHER WHOLESOME SPORTS, ENTERTAINMENT, & RECREATIONAL ACTIVITIES & 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 |
|---|---|---|---|
Bruce D Frank President | OfficerTrustee | 3 | $0 |
Marc Lisker 1st Vice President | OfficerTrustee | 3 | $0 |
Jennifer Fischer 2nd Vice President | OfficerTrustee | 3 | $0 |
Adam Galeon Treasurer | OfficerTrustee | 3 | $0 |
Bruce Haber Secretary | OfficerTrustee | 3 | $0 |
Amy Barovick Governor | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lgr Llc Golf Course Updates | 8/30/22 | $333,507 |
Oval Tennis Tennis Court Updates | 8/30/22 | $130,198 |
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 | $9,566,434 |
| Investment income | $11,861 |
| 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 | $2,700,916 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,279,211 |
| 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. | $345,340 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,429,582 |
| Pension plan accruals and contributions | $63,645 |
| Other employee benefits | $1,107,576 |
| Payroll taxes | $573,354 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $190,879 |
| Advertising and promotion | $0 |
| Office expenses | $339,404 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $768,862 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $43,643 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,404,315 |
| Insurance | $239,355 |
| All other expenses | $1,801 |
| Total functional expenses | $11,354,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,084,716 |
| Savings and temporary cash investments | $77,598 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,650,762 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $137,298 |
| Prepaid expenses and deferred charges | $199,290 |
| Net Land, buildings, and equipment | $14,705,715 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $409,841 |
| Total assets | $18,265,220 |
| Accounts payable and accrued expenses | $795,889 |
| Grants payable | $0 |
| Deferred revenue | $2,296,686 |
| 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 | $7,897,987 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,047,521 |
| Total liabilities | $13,038,083 |
| Net assets without donor restrictions | $5,227,137 |
| 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 | $18,265,220 |