Scarsdale Golf Club Inc
- Assets
- $25.0m
- Revenue
- $12.7m
- Investments
- $0.0
- Employees
- 179
- Location
- Hartsdale, NY
- Founding
- 07/1951
- Data as of
- 12/2021
- EIN
- 13-1729685
Organization Overview
Scarsdale Golf Club Inc is located in Hartsdale, NY. The organization was established in 1951. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Scarsdale Golf Club Inc employed 179 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scarsdale 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 12/2021, Scarsdale Golf Club Inc generated $12.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $11.4m during the year ending 12/2021. While expenses have increased by 2.4% 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 MAINTAIN AND ENHANCE THE CLUB'S GOLF COURSE WHILE PROVIDING MEMBERS & THEIR GUESTS WITH EXCEPTIONAL SERVICE & A QUALITY DINING EXPERIENCE.
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 |
|---|---|---|---|
William T Minard General Manager & COO | Officer | 40 | $356,817 |
Matthew L Severino Greens Superintendent | Officer | 40 | $295,154 |
Matthew T Brennan Director Of Finance | Officer | 40 | $194,988 |
Victor Zarate Executive Chef | 40 | $164,207 | |
Michel Laurent Restaurant Manager | 40 | $131,347 | |
Constance Mintzer Director Of Sales | 40 | $119,996 |
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 | $9,213,523 |
| Investment income | $15,343 |
| 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 | $2,757,282 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,672,303 |
| 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. | $966,304 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,221,785 |
| Pension plan accruals and contributions | $187,591 |
| Other employee benefits | $733,766 |
| Payroll taxes | $592,095 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,891 |
| Fees for services: Accounting | $48,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $403,973 |
| Advertising and promotion | $0 |
| Office expenses | $158,931 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $858,881 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $204,705 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,593,632 |
| Insurance | $83,082 |
| All other expenses | $27,460 |
| Total functional expenses | $11,384,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,644,671 |
| Savings and temporary cash investments | $27,450 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $437,323 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $112,588 |
| Prepaid expenses and deferred charges | $32,665 |
| Net Land, buildings, and equipment | $16,983,013 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $721,903 |
| Total assets | $24,959,613 |
| Accounts payable and accrued expenses | $630,402 |
| 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 | $4,699,608 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,688,742 |
| Total liabilities | $12,018,752 |
| Net assets without donor restrictions | $12,940,861 |
| 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 | $24,959,613 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quaker Ridge Golf Club Inc Scarsdale, NY | $45,555,222 | $13,797,158 |
Scarsdale Golf Club Inc Hartsdale, NY | $24,959,613 | $12,672,303 |
Hartford Golf Club West Hartford, CT | $10,526,252 | $10,110,374 |
Hempstead Golf Club Inc Hempstead, NY | $9,116,815 | $9,107,574 |
Spring Lake Golf Club Spring Lake, NJ | $38,282,352 | $9,016,811 |
Blind Brook Club Inc Purchase, NY | $28,184,694 | $8,355,363 |
Westchester Hills Golf Club White Plains, NY | $7,065,789 | $7,028,257 |
Golf Club Of Avon Inc Avon, CT | $12,352,994 | $6,540,190 |
Nissequogue Golf Club Inc St James, NY | $10,129,606 | $6,149,464 |
Smoke Rise Club Kinnelon, NJ | $2,441,144 | $4,889,227 |
Massachusetts Golf Association Inc Norton, MA | $15,590,916 | $5,132,097 |
Pittsburgh Golf Club Pittsburgh, PA | $8,344,017 | $4,467,667 |