Albany Country Club
- Assets
- $7.5m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 140
- Location
- Voorheesville, NY
- Founding
- 12/1965
- Data as of
- 12/2021
- EIN
- 14-0461630
Organization Overview
Albany Country Club is located in Voorheesville, 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 12/2021, Albany Country Club employed 140 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albany Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Albany Country Club generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 1.3% 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
SOCIAL / ATHLETIC COUNTRY CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ESTABLISH AND MAINTAIN THE HOUSE AND GROUNDS IN THE COUNTY OF ALBANY FOR SOCIAL AND ATHLETIC PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rocky Staples General Manager | Officer | 40 | $108,180 |
Adam Neary Vice President | OfficerTrustee | 1 | $0 |
James Harris Jr President | OfficerTrustee | 1 | $0 |
David Suozzo Treasurer | OfficerTrustee | 1 | $0 |
Christine Caputo Granich Secretary | OfficerTrustee | 1 | $0 |
Trevor Morison Governor | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,057,336 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,060,336 |
| Total Program Service Revenue | $866,522 |
| Investment income | $399 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,400 |
| 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 | -$7,260 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,208,187 |
| 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. | $132,564 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,017,796 |
| Pension plan accruals and contributions | $24,421 |
| Other employee benefits | $211,853 |
| Payroll taxes | $139,558 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,769 |
| Fees for services: Accounting | $9,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,845 |
| Fees for services: Other | $22,845 |
| Advertising and promotion | $17,466 |
| Office expenses | $20,050 |
| Information technology | $73,781 |
| Royalties | $0 |
| Occupancy | $298,946 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $124,066 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $438,710 |
| Insurance | $94,804 |
| All other expenses | $134,533 |
| Total functional expenses | $3,255,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,514,060 |
| Savings and temporary cash investments | $65,653 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $668,518 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $133,339 |
| Prepaid expenses and deferred charges | $69,124 |
| Net Land, buildings, and equipment | $4,488,517 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,572 |
| Other assets | $584,709 |
| Total assets | $7,534,492 |
| Accounts payable and accrued expenses | $246,564 |
| Grants payable | $0 |
| Deferred revenue | $1,045,357 |
| 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 | $3,287,630 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $584,709 |
| Total liabilities | $5,164,260 |
| Net assets without donor restrictions | $2,310,317 |
| Net assets with donor restrictions | $59,915 |
| 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 | $7,534,492 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |
Rolling Rock Club Ligonier, PA | $40,965,761 | $18,300,601 |
Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
The Ridgewood Country Club Paramus, NJ | $31,275,344 | $17,956,980 |
Montclair Golf Club Montclair, NJ | $32,931,083 | $17,687,834 |
Greenwich Country Club Greenwich, CT | $48,407,804 | $23,136,592 |