Squires Golf Club
- Assets
- $6.4m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 82
- Location
- Ambler, PA
- Founding
- 10/1966
- Data as of
- 06/2022
- EIN
- 23-1619288
Organization Overview
Squires Golf Club is located in Ambler, PA. The organization was established in 1966. 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 06/2022, Squires Golf Club employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Squires 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 06/2022, Squires Golf Club generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $4.4m during the year ending 06/2022. While expenses have increased by 5.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MEMBERS ONLY GOLF CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF AND GOLF RELATED ACTIVITIES AND SERVICES FOR MEMBERS ONLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Vahey General Manager | Officer | 45 | $165,000 |
Dave Elliot Membership | Officer | 45 | $135,000 |
Christian Scheller Greens Manager | Officer | 45 | $110,000 |
Shawn Matthews Proshop | Officer | 45 | $100,000 |
Jonathan Petruce Restaurant | Officer | 40 | $85,000 |
John Connolly Vice President | OfficerTrustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,031,304 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,799 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,063,103 |
| Total Program Service Revenue | $1,255,843 |
| Investment income | $157 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$32,277 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $787,368 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,080,083 |
| 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. | $595,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,442,728 |
| Pension plan accruals and contributions | $35,160 |
| Other employee benefits | $186,537 |
| Payroll taxes | $181,847 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $112,854 |
| Advertising and promotion | $0 |
| Office expenses | $60,927 |
| Information technology | $20,974 |
| Royalties | $0 |
| Occupancy | $222,476 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,512 |
| Interest | $174,995 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $402,993 |
| Insurance | $92,566 |
| All other expenses | $378,564 |
| Total functional expenses | $4,356,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $706,488 |
| Savings and temporary cash investments | $345,146 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $566,365 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $166,795 |
| Prepaid expenses and deferred charges | $59,690 |
| Net Land, buildings, and equipment | $4,494,417 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,989 |
| Total assets | $6,369,890 |
| Accounts payable and accrued expenses | $223,336 |
| Grants payable | $0 |
| Deferred revenue | $813,387 |
| 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 | $3,981,158 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $279,170 |
| Total liabilities | $5,297,051 |
| Net assets without donor restrictions | -$876,926 |
| Net assets with donor restrictions | $1,949,765 |
| 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 | $6,369,890 |
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