Winged Foot Golf Club Inc
- Assets
- $45.9m
- Revenue
- $23.9m
- Investments
- $0.0
- Employees
- 262
- Location
- Mamaroneck, NY
- Founding
- 07/1949
- Data as of
- 12/2022
- 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 12/2022, Winged Foot Golf Club Inc employed 262 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 12/2022, Winged Foot Golf Club Inc generated $23.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $26.1m during the year ending 12/2022. While expenses have increased by 5.8% per year over the past 8 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
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 |
|---|---|---|---|
Robert L Williams III President | OfficerTrustee | 3 | $0 |
Michael J Hurley Jr Vice President | OfficerTrustee | 3 | $0 |
Stephen K Grimm Treasurer | OfficerTrustee | 3 | $0 |
Daniel L Steffen Assistant Treasurer | OfficerTrustee | 3 | $0 |
Edward J Burke Jr Secretary | OfficerTrustee | 3 | $0 |
Edward A Bugniazet III Governor | Trustee | 3 | $0 |
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 | $12,802,929 |
| Investment income | $56,118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $238,612 |
| Net Gain/Loss on Asset Sales | -$18,769 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,781,163 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,860,053 |
| 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. | $1,206,158 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,616,122 |
| Pension plan accruals and contributions | $151,035 |
| Other employee benefits | $3,211,049 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $66,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $260,603 |
| Advertising and promotion | $0 |
| Office expenses | $387,858 |
| Information technology | $99,168 |
| Royalties | $0 |
| Occupancy | $1,676,712 |
| 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 | $4,097,216 |
| Insurance | $585,262 |
| All other expenses | $531,390 |
| Total functional expenses | $26,103,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,037 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,369,211 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $387,500 |
| Inventories for sale or use | $1,196,002 |
| Prepaid expenses and deferred charges | $446,666 |
| Net Land, buildings, and equipment | $34,055,372 |
| Investments—publicly traded securities | $5,005,093 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,150,364 |
| Total assets | $45,930,245 |
| Accounts payable and accrued expenses | $2,045,505 |
| 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 | $3,735,678 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,689,389 |
| Total liabilities | $11,470,572 |
| Net assets without donor restrictions | $34,459,673 |
| 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 | $45,930,245 |