Corning Country Club Inc
- Assets
- $2.1m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 101
- Location
- Corning, NY
- Founding
- 11/1953
- Data as of
- 01/2023
- EIN
- 16-0393420
Organization Overview
Corning Country Club Inc is located in Corning, NY. The organization was established in 1953. 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 01/2023, Corning Country Club Inc employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corning 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 01/2023, Corning Country Club Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $2.5m during the year ending 01/2023. While expenses have increased by 0.5% 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 CLUB WAS ESTABLISHED AS A SOCIAL AND GOLF CLUB TO SERVE ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB WAS ESTABLISHED AS A SOCIAL AND GOLF CLUB TO SERVE ITS MEMBERS.
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 |
|---|---|---|---|
Kirk Gregg Director | Trustee | 1 | $0 |
Jeff Kenefick President | OfficerTrustee | 1 | $0 |
Jeffrey Evans Director-Vp Golf | OfficerTrustee | 1 | $0 |
Sarah Creath Director-Vp Finance | OfficerTrustee | 1 | $0 |
Sandra Gray Director-Secretary | OfficerTrustee | 1 | $0 |
Jake Sheehan Vp-Membership | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,343 |
| 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 | $76,343 |
| Total Program Service Revenue | $2,466,181 |
| Investment income | $4,608 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,637,626 |
| 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. | $158,609 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $906,835 |
| Pension plan accruals and contributions | $600 |
| Other employee benefits | $0 |
| Payroll taxes | $158,198 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,276 |
| Advertising and promotion | $2,202 |
| Office expenses | $38,326 |
| Information technology | $20,859 |
| Royalties | $0 |
| Occupancy | $154,275 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,975 |
| Interest | $7,731 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,054 |
| Insurance | $71,090 |
| All other expenses | $130,089 |
| Total functional expenses | $2,486,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $952,554 |
| Savings and temporary cash investments | $235,229 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $200,225 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $84,614 |
| Inventories for sale or use | $74,736 |
| Prepaid expenses and deferred charges | $25,034 |
| Net Land, buildings, and equipment | $534,555 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,935 |
| Total assets | $2,117,882 |
| Accounts payable and accrued expenses | $45,068 |
| Grants payable | $0 |
| Deferred revenue | $167,824 |
| 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 | $286,577 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $499,469 |
| Net assets without donor restrictions | $1,618,413 |
| 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 | $2,117,882 |