Burlington Country Club Corp
- Assets
- $8.7m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 156
- Location
- Burlington, VT
- Founding
- 05/1934
- Data as of
- 12/2021
- EIN
- 03-0171220
Organization Overview
Burlington Country Club Corp is located in Burlington, VT. The organization was established in 1934. 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 12/2021, Burlington Country Club Corp employed 156 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Burlington Country Club Corp is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Burlington Country Club Corp generated $4.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE BURLINGTON COUNTRY CLUB HAS A PROUD HERITAGE AND TRADITION AS A PRIVATE, FAMILY-ORIENTED COUNTRY CLUB. WE ARE COMMITTED TO PROVIDING EXCEPTIONAL SERVICE, OUTSTANDING GOLF, RECREATION, AND SOCIAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GOLF COURSE AND SOCIAL ACTIVITIES FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Shattie Ceo/general | Officer | 40 | $128,835 |
Steve Hosack Head Golf Pr | 40 | $102,054 | |
Keith Roberts President | OfficerTrustee | 2 | $0 |
Israel Maynard Treasurer | OfficerTrustee | 2 | $0 |
Heather Briggs Secretary | OfficerTrustee | 2 | $0 |
Eric Flegenheimer Director | Trustee | 2 | $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 | $2,674,274 |
| Investment income | $15,528 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,605 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $730,075 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,994,116 |
| 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. | $128,835 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,746,725 |
| Pension plan accruals and contributions | $21,415 |
| Other employee benefits | $70,146 |
| Payroll taxes | $221,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,125 |
| Fees for services: Accounting | $56,667 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,657 |
| Advertising and promotion | $6,054 |
| Office expenses | $43,602 |
| Information technology | $80,969 |
| Royalties | $0 |
| Occupancy | $555,122 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,015 |
| Interest | $96,878 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $405,204 |
| Insurance | $99,162 |
| All other expenses | $16,808 |
| Total functional expenses | $4,253,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$91,254 |
| Savings and temporary cash investments | $296,601 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $107,961 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $269,595 |
| Prepaid expenses and deferred charges | $35,972 |
| Net Land, buildings, and equipment | $8,125,318 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,744,193 |
| Accounts payable and accrued expenses | $249,237 |
| Grants payable | $0 |
| Deferred revenue | $178,339 |
| 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 | $3,599,595 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,027,171 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $116,150 |
| Paid-in or capital surplus, or land, building, or equipment fund | $14,735 |
| Retained earnings, endowment, accumulated income, or other funds | $4,586,137 |
| Total liabilities and net assets/fund balances | $8,744,193 |
Endowment Analysis
| Beg. Balance | $3,500 |
| Ending Balance | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
Harvard Club Of New York City New York, NY | $57,363,784 | $14,784,742 |
Wellesley Country Club Wellesley, MA | $55,523,277 | $17,353,733 |
Colony Club New York, NY | $19,784,366 | $16,065,896 |
Creek Inc Locust Valley, NY | $5,369,299 | $13,749,282 |
Fresh Meadow Country Club Inc Lake Success, NY | $19,513,475 | $12,798,116 |
Century Country Club Purchase, NY | $11,895,125 | $12,673,818 |
Apawamis Club Rye, NY | $70,488,550 | $16,357,550 |
Old Oaks Country Club Inc Purchase, NY | $3,676,723 | $13,972,045 |