Waccabuc Country Club Company
- Assets
- $13.8m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 204
- Location
- Waccabuc, NY
- Founding
- 09/1958
- Data as of
- 12/2022
- 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 12/2022, Waccabuc Country Club Company employed 204 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 12/2022, Waccabuc Country Club Company generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $7.3m during the year ending 12/2022. While expenses have increased by 4.1% per year over the past 5 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
2022
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 |
|---|---|---|---|
Ashley Murphy President | OfficerTrustee | 1 | $0 |
Kim Millhon Vice President | OfficerTrustee | 1 | $0 |
Peter Hall Secretary | OfficerTrustee | 1 | $0 |
Mark Weigel Treasurer | OfficerTrustee | 1 | $0 |
Brian Burke Governor | Trustee | 1 | $0 |
Peter Dicorpo Governor | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spartan Builders Inc Builders - Additions - Repairs | 12/30/22 | $257,274 |
Woods Landscape Design Inc Masonary Work | 12/30/22 | $186,881 |
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 | $6,406,701 |
| Investment income | $1,702 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $73,997 |
| 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 | $2,577,270 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,778,263 |
| 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. | $433,018 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,729,059 |
| Pension plan accruals and contributions | $43,142 |
| Other employee benefits | $192,201 |
| Payroll taxes | $337,551 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,916 |
| Fees for services: Accounting | $22,698 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,191 |
| Advertising and promotion | $0 |
| Office expenses | $237,317 |
| Information technology | $17,900 |
| Royalties | $0 |
| Occupancy | $478,727 |
| Travel | $4,107 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,870 |
| Interest | $1,749 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $990,753 |
| Insurance | $288,879 |
| All other expenses | $59,962 |
| Total functional expenses | $7,296,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397,742 |
| Savings and temporary cash investments | $2,017,112 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $367,186 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,187 |
| Prepaid expenses and deferred charges | $9,167 |
| Net Land, buildings, and equipment | $10,742,884 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $221,288 |
| Total assets | $13,812,566 |
| Accounts payable and accrued expenses | $229,494 |
| 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 | $1,200,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $360,218 |
| Total liabilities | $1,789,712 |
| Net assets without donor restrictions | $12,022,854 |
| 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 | $13,812,566 |