Bedford Golf And Tennis Club
- Assets
- $20.4m
- Revenue
- $6.0m
- Investments
- $12.0k
- Employees
- 131
- Location
- Bedford, NY
- Founding
- 08/1942
- Data as of
- 12/2022
- EIN
- 13-1767014
Organization Overview
Bedford Golf And Tennis Club is located in Bedford, NY. The organization was established in 1942. 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, Bedford Golf And Tennis Club employed 131 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bedford Golf And Tennis Club 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, Bedford Golf And Tennis Club generated $6.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $5.5m during the year ending 12/2022. While expenses have increased by 1.1% per year over the past 4 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
PROVIDE A FULL SERVICE CLUB TO ITS MEMBERSHIP INCLUDING GOLF, TENNIS, POOL, PADDLE TENNIS & DINING FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF - 18 HOLE GOLF COURSE FOR USE BY THE MEMBERSHIP INCLUDING PRACTICE RANGE & GREEN. INCLUDES ALL COSTS ASSOCIATED WITH THE MAINTENANCE OF SUCH INCLUDING SUPPLIES AND SALARIES OF DEPARTMENT EMPLOYEES.
HOUSE & LOCKER FACILITIES, POOL, GENERAL.
RESTAURANT - CLUBHOUSE RESTAURANT PROVIDES LUNCH & DINNERS TO THE MEMBERSHIP (AS SCHEDULED). IN ADDITION, A SNACK BAR IS AVAILABLE AT THE POOL AREA (SEASONAL). INCLUDES ALL COSTS ASSOCIATED WITH THE DEPARTMENT INCLUDING COST OF SALES AND SALARIES OF DEPARTMENT EMPLOYEES.
TENNIS & PADDLE TENNIS - PROVIDES TENNIS & PADDLE TENNIS COURTS FOR USE BY THE MEMBERSHIP. INCLUDES ALL COSTS ASSOCIATED WITH THE MAINTENANCE OF SUCH COURTS INCLUDING SUPPLIES AND SALARIES OF OF DEPARTMENT EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caroline Black President | OfficerTrustee | 5 | $0 |
Benjamin D Fooshee Treasurer | OfficerTrustee | 5 | $0 |
Patricia Swift Secty | OfficerTrustee | 5 | $0 |
John M Ryan V.P. | OfficerTrustee | 5 | $0 |
Jonathan L Stanley Board Director | Trustee | 1 | $0 |
Aaron W Taylor Board Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,979,208 |
| 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 | $4,979,208 |
| Total Program Service Revenue | $0 |
| Investment income | $27,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,042,517 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,048,998 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,854,260 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $395,591 |
| Payroll taxes | $275,220 |
| Fees for services: Management | $16,328 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,113 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $147,650 |
| All other expenses | $1,611,659 |
| Total functional expenses | $5,486,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,132,331 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,051,163 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,584 |
| Prepaid expenses and deferred charges | $76,343 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,996 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,036,021 |
| Total assets | $20,375,438 |
| Accounts payable and accrued expenses | $690,788 |
| 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 | $12,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $712,062 |
| Total liabilities | $13,902,850 |
| Net assets without donor restrictions | $2,963,466 |
| Net assets with donor restrictions | $3,509,122 |
| 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 | $20,375,438 |