The information for Cooperstown Country Club is as of the organization's most recent filing in December 2019. This organization is located in Cooperstown, NY and has been in existence for 73 years, following its founding in 1946.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Cooperstown Country Club's NTEE code is N50. The "N" tells us that the organization is classified along with Recreational Clubs. The "50" tells us that the organization is a Recreation & Sports organization. The NTEE describes Recreation & Sports organizations as those that make available to members and their guests and facilities for recreational activities, sports and games, as well as social clubs that provide opportunities for people to meet and socialize with their peers, and special interest clubs which enable people to share hobbies or other interests with individuals with those same interests.
Every organization is also governed by a specific section of the Internal Revenue Code. This organization happens to be a 501(c)(7) organization. The IRS describes these organizations as Social and Recreational Clubs.
The mission of the Cooperstown Country Club is to provide seasonal operation of recreation and educational tennis, sailing, swimming, and boating programs for members of the country club.
The seasonal operation of the country club provides members with recreational and educational opportunities in tennis, sailing, swimming, and boating, running from June 1 to September 30.
Cooperstown Country Club is run by Olivia Day, who is the President. The organization has 70 employees, of whom none are paid more than $100k per year (according to the organization's most recent 990 tax filing). Supporting the paid staff are more than 30 volunteers.
Cooperstown Country Club is well-governed, given the information provided. The organization has 18 voting members, all of which are independent, meaning that potential conflicts of interest exist. However, the organization has not delegated management to an outside firm, and board and committee meetings are documented. Unfortunately, the organization does not have a written conflict of interest policy, disclosure of conflicts, whistleblower policy, document retention policy, nor does it substantiate and review leadership or officer salaries. Furthermore, the organization does not provide copies of the 990 to the board prior to filing. In spite of these shortcomings, Cooperstown Country Club is still well-governed and is doing its best to ensure the organization is managed in a responsible and effective manner.
Over the 5 year period from 2014 to 2019, Cooperstown Country Club has experienced a decrease in contributions and grants received, program service revenue, and other revenue. However, employee salaries increased, as did total expenses and total employees. The number of volunteers remained the same. Therefore, Cooperstown Country Club has not grown significantly over the five year period.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tom Barry Assistant Tr | OfficerTrustee | 5 | $0 |
Peyton Carter Governor | OfficerTrustee | $0 | |
Kate Nesbit Governor | OfficerTrustee | $0 | |
Frank Panzarella Treasurer | OfficerTrustee | $0 | |
Callie Wright Secretary | OfficerTrustee | $0 | |
Tara Bradley Governor | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $459,034 |
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 | $459,034 |
Total Program Service Revenue | $154,499 |
Investment income | $0 |
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 | $120,218 |
Miscellaneous Revenue | $0 |
Total Revenue | $733,751 |
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 | $293,859 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $37,654 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $22,862 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $55,533 |
Advertising and promotion | $933 |
Office expenses | $36,896 |
Information technology | $6,426 |
Royalties | $0 |
Occupancy | $94,365 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $37,186 |
Insurance | $33,017 |
All other expenses | $8,443 |
Total functional expenses | $654,310 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $156,143 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $32,086 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $23,025 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $493,112 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $704,366 |
Accounts payable and accrued expenses | $472 |
Grants payable | $0 |
Deferred revenue | $5,434 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $9,373 |
Total liabilities | $15,279 |
Net assets without donor restrictions | $689,087 |
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 | $704,366 |
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