Waccabuc Country Club Company
- Assets
- $11.5m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 186
- Location
- Waccabuc, NY
- Founding
- 09/1958
- Data as of
- 12/2021
- EIN
- 13-1736008
Organization Overview
Waccabuc Country Club Company is located in Waccabuc, NY. The organization was established in 1958. 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 12/2021, Waccabuc Country Club Company employed 186 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waccabuc Country Club Company 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, Waccabuc Country Club Company generated $7.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $6.6m during the year ending 12/2021. While expenses have increased by 2.9% 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
WACCABUC IS A FAMILY CLUB THAT PROVIDES RECREATION (GOLF, TENNIS, PADDLE TENNIS, WATERFRONT ACTIVITIES) AND DINING OPPORTUNITIES FOR ITS MEMBERS TO ENJOY.
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 |
|---|---|---|---|
John Assumma General Manager | Officer | 50 | $192,730 |
Patrick Hagan Superintendent | Officer | 50 | $165,519 |
Thomas Isidori Executive Chef | 50 | $140,070 | |
Martin Granda Golf Pro | 50 | $131,333 | |
Maria Lupinacci Controller | 40 | $117,536 | |
Peter Hall Govenor | Trustee | 1 | $0 |
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 | $5,256,893 |
| Investment income | $719 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $89,000 |
| 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 | $1,966,009 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,312,621 |
| 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. | $423,403 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,454,104 |
| Pension plan accruals and contributions | $36,815 |
| Other employee benefits | $171,475 |
| Payroll taxes | $330,688 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,073 |
| Fees for services: Accounting | $22,061 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,982 |
| Advertising and promotion | $0 |
| Office expenses | $237,624 |
| Information technology | $32,484 |
| Royalties | $0 |
| Occupancy | $469,681 |
| Travel | $355 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,635 |
| Interest | $6,379 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $886,044 |
| Insurance | $244,935 |
| All other expenses | $33,000 |
| Total functional expenses | $6,637,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,549 |
| Savings and temporary cash investments | $1,260,158 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $354,486 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $55,187 |
| Prepaid expenses and deferred charges | $26,760 |
| Net Land, buildings, and equipment | $9,630,380 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,539,520 |
| Accounts payable and accrued expenses | $280,218 |
| 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 | $1,582,669 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $113,025 |
| Total liabilities | $1,975,912 |
| Net assets without donor restrictions | $9,563,608 |
| 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 | $11,539,520 |
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|---|---|---|
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