Meadow Brook Golf Club Inc
- Assets
- $5.1m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 69
- Location
- Jericho, NY
- Founding
- 05/2016
- Data as of
- 12/2022
- EIN
- 81-0751816
Organization Overview
Meadow Brook Golf Club Inc is located in Jericho, NY. The organization was established in 2016. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Meadow Brook Golf Club Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meadow Brook Golf 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 12/2022, Meadow Brook Golf Club Inc generated $6.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $6.6m during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 5 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William R Collins President | OfficerTrustee | 3 | $0 |
Christopher P Halpin Vice President | OfficerTrustee | 3 | $0 |
Thomas H Lister Vice President | OfficerTrustee | 3 | $0 |
Adam P Godfrey Secretary | OfficerTrustee | 3 | $0 |
Gene M Bernstein Treasurer | OfficerTrustee | 3 | $0 |
Lee S Ainslie Governor | Trustee | 3 | $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 | $4,633,706 |
| Investment income | $102 |
| 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 | $1,649,772 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,477,303 |
| 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. | $662,261 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,418,004 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $371,423 |
| Payroll taxes | $294,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,359 |
| Fees for services: Accounting | $54,473 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $108,879 |
| Advertising and promotion | $0 |
| Office expenses | $70,975 |
| Information technology | $39,394 |
| Royalties | $0 |
| Occupancy | $830,890 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $456 |
| Interest | $788 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $496,892 |
| Insurance | $0 |
| All other expenses | $17,294 |
| Total functional expenses | $6,649,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $509,068 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $178,518 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $55,638 |
| Prepaid expenses and deferred charges | $68,173 |
| Net Land, buildings, and equipment | $4,294,475 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,105,872 |
| Accounts payable and accrued expenses | $370,033 |
| Grants payable | $0 |
| Deferred revenue | $884,505 |
| 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 | $95,429 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,221 |
| Total liabilities | $1,355,188 |
| Net assets without donor restrictions | $3,750,684 |
| 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 | $5,105,872 |