Shenorock Shore Club Inc
- Assets
- $18.2m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 301
- Location
- Rye, NY
- Founding
- 04/1952
- Data as of
- 12/2021
- EIN
- 13-1731140
Organization Overview
Shenorock Shore Club Inc is located in Rye, NY. The organization was established in 1952. 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, Shenorock Shore Club Inc employed 301 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shenorock Shore 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, Shenorock Shore Club Inc generated $9.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $7.9m during the year ending 12/2021. While expenses have increased by 1.6% 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 ENCOURAGE SOCIAL RECREATION AS A BEACH CLUB AND TO MAINTAIN A CLUBHOUSE, WHICH PROVIDES DINING AND SOCIAL ACTIVITIES FOR THE MEMBERSHIP.
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 |
|---|---|---|---|
Richard Lacoursiere General Manager | Officer | 40 | $306,064 |
Leonard Phillips Executive Chef | 40 | $257,054 | |
Martin Vidales Building & Grounds Manager | 40 | $160,759 | |
Janet Hall Controller | 40 | $160,145 | |
John French Assistant Gm | 40 | $137,281 | |
Leigh Giroux President | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dilorenzo Building Llc Construction | 12/30/19 | $482,445 |
A Pappajohn Company Construction | 12/30/19 | $197,420 |
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 | $5,510,567 |
| Investment income | $4,787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,600 |
| 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 | $3,344,697 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,306,517 |
| 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. | $322,416 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,527,047 |
| Pension plan accruals and contributions | $88,510 |
| Other employee benefits | $482,993 |
| Payroll taxes | $404,557 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,752 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $141,668 |
| Advertising and promotion | $3,666 |
| Office expenses | $182,392 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $807,147 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,832 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $318,235 |
| All other expenses | $78,466 |
| Total functional expenses | $7,890,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,498,515 |
| Savings and temporary cash investments | $929,304 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,652,371 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $121,473 |
| Prepaid expenses and deferred charges | $425,178 |
| Net Land, buildings, and equipment | $10,590,067 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,216,908 |
| Accounts payable and accrued expenses | $596,143 |
| Grants payable | $0 |
| Deferred revenue | $1,171,356 |
| 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 | $1,767,499 |
| Net assets without donor restrictions | $16,449,409 |
| 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 | $18,216,908 |
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|---|---|---|
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Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Wee Burn Country Club Inc Darien, CT | $32,519,463 | $16,725,850 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |
Rolling Rock Club Ligonier, PA | $40,965,761 | $18,300,601 |
Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
The Ridgewood Country Club Paramus, NJ | $31,275,344 | $17,956,980 |
Montclair Golf Club Montclair, NJ | $32,931,083 | $17,687,834 |
Greenwich Country Club Greenwich, CT | $48,407,804 | $23,136,592 |