Atlantic Golf Club Inc
- Assets
- $39.8m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 99
- Location
- Bridgehampton, NY
- Founding
- 08/1989
- Data as of
- 12/2022
- EIN
- 13-3491367
Organization Overview
Atlantic Golf Club Inc is located in Bridgehampton, NY. The organization was established in 1989. 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, Atlantic Golf Club Inc employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlantic 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, Atlantic Golf Club Inc generated $12.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $10.7m during the year ending 12/2022. While expenses have increased by 4.6% 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
ATLANTIC GOLF CLUB IS A SOCIAL CLUB THE EMBODIES TRADITIONAL VALUES, A SELECT BUT DIVERSE MEMBERSHIP AND WAS FORMED FOR THE ENJOYMENT OF A SUPERB GOLFING EXPERIENCE.
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 |
|---|---|---|---|
Dennis A Suskind President | OfficerTrustee | 3 | $0 |
Thomas J Hughes Vice President | OfficerTrustee | 3 | $0 |
Ralph Rosenberg Treasurer | OfficerTrustee | 3 | $0 |
Eric Rothfeld Secretary | OfficerTrustee | 3 | $0 |
Robert P Cochran Governor | Trustee | 3 | $0 |
Gary Cohn Governor | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
O'shea Marcincunk & Bruyn Llp Attorney | 12/30/22 | $2,245,000 |
Winfield Solutions Llc Agriculture Solutions | 12/30/22 | $219,535 |
Paul Dickinson Teaching Professional | 12/30/22 | $136,100 |
R&a Consulting Services Llc Consulting | 12/30/22 | $125,000 |
Renee Skidmore Llc Teaching Professional | 12/30/22 | $143,900 |
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 | $10,017,223 |
| Investment income | $1,926 |
| 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 | $2,141,492 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,160,641 |
| 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. | $1,061,741 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,016,981 |
| Pension plan accruals and contributions | $81,847 |
| Other employee benefits | $493,929 |
| Payroll taxes | $589,122 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,688 |
| Fees for services: Accounting | $29,222 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19 |
| Fees for services: Other | $1,594 |
| Advertising and promotion | $0 |
| Office expenses | $560,101 |
| Information technology | $71,974 |
| Royalties | $0 |
| Occupancy | $238,067 |
| Travel | $6,416 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,011 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,557,555 |
| Insurance | $165,190 |
| All other expenses | $0 |
| Total functional expenses | $10,719,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $395,053 |
| Savings and temporary cash investments | $2,587,355 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $492,935 |
| Loans from Officers, Directors, or Controlling Persons | $15,197 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $336,251 |
| Prepaid expenses and deferred charges | $235,353 |
| Net Land, buildings, and equipment | $35,693,434 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,421 |
| Total assets | $39,772,999 |
| Accounts payable and accrued expenses | $1,005,739 |
| 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 | $17,421 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,692,448 |
| Total liabilities | $5,715,608 |
| Net assets without donor restrictions | $34,057,391 |
| 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 | $39,772,999 |