Winged Foot Golf Club Inc
- Assets
- $47.7m
- Revenue
- $23.5m
- Investments
- $0.0
- Employees
- 246
- Location
- Mamaroneck, NY
- Founding
- 07/1949
- Data as of
- 12/2021
- EIN
- 13-1737538
Organization Overview
Winged Foot Golf Club Inc is located in Mamaroneck, NY. The organization was established in 1949. 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, Winged Foot Golf Club Inc employed 246 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winged Foot 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, Winged Foot Golf Club Inc generated $23.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $21.9m during the year ending 12/2021. While expenses have increased by 4.0% 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
THE CLUB WAS FOUNDED TO PROVIDE AND MAINTAIN FOR ITS MEMBERS AND HOLDERS OF CLUB PRIVILEGES TWO GOLF COURSES, A CLUBHOUSE, GROUNDS, AND OTHER FACILITIES FOR PLAYING GOLF AND OTHER 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 |
|---|---|---|---|
Stephen Rabideau Director Of Golf Courses | Officer | 40 | $680,105 |
Colin Burns Gen'l Mgr-See Sch. J Part | Officer | 40 | $605,009 |
Michael Gilmore Golf Pro | 40 | $441,462 | |
Christopher Rogers Assistant General Manager | 40 | $284,409 | |
Brendan Mcguire CFO | Officer | 40 | $245,840 |
Rhy Waddington Executive Chef (former) | 40 | $208,908 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
June Price Interiors Ltd Renovation | 12/30/18 | $412,413 |
Rogers Mccagg Renovation Architecture | 12/30/18 | $344,937 |
Labar Golf Renovations Renovations | 12/30/18 | $331,581 |
Alan Bonistall-electrical Contracting Electrical Work | 12/30/18 | $174,351 |
Miller Friel Pllc Legal Service | 12/30/18 | $138,966 |
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 | $12,919,268 |
| Investment income | $32,799 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $208,170 |
| 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 | $9,109,407 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,506,154 |
| 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. | $1,674,618 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,549,455 |
| Pension plan accruals and contributions | $163,520 |
| Other employee benefits | $3,118,204 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,646 |
| Fees for services: Accounting | $56,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,642 |
| Advertising and promotion | $0 |
| Office expenses | $422,671 |
| Information technology | $87,730 |
| Royalties | $0 |
| Occupancy | $1,304,265 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,215,995 |
| Insurance | $489,351 |
| All other expenses | $0 |
| Total functional expenses | $21,875,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,684,348 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,622,956 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $387,500 |
| Inventories for sale or use | $755,532 |
| Prepaid expenses and deferred charges | $303,185 |
| Net Land, buildings, and equipment | $36,158,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $748,890 |
| Total assets | $47,661,307 |
| Accounts payable and accrued expenses | $1,645,975 |
| 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 | $3,906,112 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,417,905 |
| Total liabilities | $10,969,992 |
| Net assets without donor restrictions | $36,691,315 |
| 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 | $47,661,307 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Winged Foot Golf Club Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Montefiore Medical Center Bronx, NY PURPOSE: SPONSORSHIP | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Union League Of Philadelphia Philadelphia, PA | $166,421,963 | $49,124,019 |
New York Athletic Club New York, NY | $79,824,386 | $36,957,466 |
University Club New York, NY | $61,571,312 | $30,883,399 |
Baltusrol Golf Club Springfield, NJ | $73,541,672 | $26,510,520 |
Country Club Chestnut Hill, MA | $75,043,157 | $30,549,304 |
Winged Foot Golf Club Inc Mamaroneck, NY | $47,661,307 | $23,506,154 |
New York Yacht Club New York, NY | $54,553,348 | $22,663,268 |
Canoe Brook Country Club Summit, NJ | $49,012,793 | $22,669,304 |
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 |