Brae Burn Country Club Inc
- Assets
- $48.9m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 159
- Location
- Purchase, NY
- Founding
- 03/1965
- Data as of
- 09/2023
- EIN
- 13-2505943
Organization Overview
Brae Burn Country Club Inc is located in Purchase, NY. The organization was established in 1965. 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 09/2023, Brae Burn Country Club Inc employed 159 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brae Burn Country 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 09/2023, Brae Burn Country Club Inc generated $13.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $12.3m during the year ending 09/2023. While expenses have increased by 6.6% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE OBJECT OF THE CLUB IS TO PROMOTE SOCIAL ACTIVITIES AMONG THE MEMBERS & TO ENCOURAGE & STIMULATE THE INTEREST IN GOLF & OTHER SPORTS FOR THE ENJOYMENT OF MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Snyder President | OfficerTrustee | 3 | $0 |
Paul Friedman 1st Vice President | OfficerTrustee | 3 | $0 |
David Sherman 2nd Vice President | OfficerTrustee | 3 | $0 |
William Schultz Treasurer | OfficerTrustee | 3 | $0 |
Meredith Kornreich Secretary | OfficerTrustee | 3 | $0 |
Josh Adler Governor | Trustee | 3 | $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 | $9,276,093 |
| Investment income | $230,712 |
| 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 | $3,887,075 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,393,880 |
| 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. | $822,534 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,571,002 |
| Pension plan accruals and contributions | $160,983 |
| Other employee benefits | $824,806 |
| Payroll taxes | $575,881 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,856 |
| Fees for services: Accounting | $28,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $570,241 |
| Advertising and promotion | $0 |
| Office expenses | $502,399 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $913,317 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $260,207 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $246,799 |
| All other expenses | $152,889 |
| Total functional expenses | $12,304,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,778 |
| Savings and temporary cash investments | $4,310,596 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $550,514 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $92,046 |
| Prepaid expenses and deferred charges | $181,394 |
| Net Land, buildings, and equipment | $42,622,313 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,160,113 |
| Total assets | $48,919,754 |
| Accounts payable and accrued expenses | $1,114,693 |
| 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 | $7,279,208 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $304,291 |
| Total liabilities | $8,698,192 |
| Net assets without donor restrictions | $40,221,562 |
| 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 | $48,919,754 |