Mahopac Golf Club
- Assets
- $2.2m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 88
- Location
- Mahopac, NY
- Founding
- 12/1974
- Data as of
- 12/2020
- EIN
- 14-0855725
Organization Overview
Mahopac Golf Club is located in Mahopac, NY. The organization was established in 1974. 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 12/2020, Mahopac Golf Club employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mahopac Golf Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2020, Mahopac Golf Club generated $2.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $2.1m during the year ending 12/2020. While expenses have increased by 0.7% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
MEMBER OWNED GOLF CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF ACTIVITIES - FACILITIES ARE USED BY APPROXIMATELY 134 MEMBERS AND THEIR FAMILIES. COURSE IS NOT OPEN TO THE GENERAL PUBLIC AT ANY TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Clinton General Manager | Officer | 40 | $152,332 |
John Malara President/interim Treasure | OfficerTrustee | 4 | $0 |
Kevin Barletta Vice President | OfficerTrustee | 2 | $0 |
Mark Girolamo Secretary | OfficerTrustee | 4 | $0 |
Joseph Tortorella Director | Trustee | 1 | $0 |
Terry Feehan Director | Trustee | 1 | $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 | $2,503,674 |
| Investment income | $5,726 |
| 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 | -$1,472 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,657,178 |
| 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 | $934,123 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $56,366 |
| Payroll taxes | $80,203 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,000 |
| Advertising and promotion | $2,707 |
| Office expenses | $79,088 |
| Information technology | $17,316 |
| Royalties | $0 |
| Occupancy | $158,615 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $84,553 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $170,684 |
| Insurance | $59,580 |
| All other expenses | $0 |
| Total functional expenses | $2,125,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $466,588 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $213,161 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,125 |
| Prepaid expenses and deferred charges | $100,603 |
| Net Land, buildings, and equipment | $1,401,488 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,387 |
| Total assets | $2,248,352 |
| Accounts payable and accrued expenses | $52,780 |
| Grants payable | $0 |
| Deferred revenue | $661,845 |
| 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 | $1,660,522 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $332,021 |
| Total liabilities | $2,707,168 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $126,500 |
| Paid-in or capital surplus, or land, building, or equipment fund | $166,093 |
| Retained earnings, endowment, accumulated income, or other funds | -$751,409 |
| Total liabilities and net assets/fund balances | $2,248,352 |
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