Bellevue Golf Club Corp
- Assets
- $6.5m
- Revenue
- $628.4k
- Investments
- $0.0
- Employees
- 136
- Location
- Melrose, MA
- Founding
- 06/1940
- Data as of
- 12/2022
- EIN
- 04-1077435
Organization Overview
Bellevue Golf Club Corp is located in Melrose, MA. The organization was established in 1940. 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 12/2022, Bellevue Golf Club Corp employed 136 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bellevue Golf 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 12/2022, Bellevue Golf Club Corp generated $628.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.4%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 8 years. 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
BELLEVUE GOLF CLUB IS A PRIVATE COUNTRY CLUB PROVIDING GOLF, TENNIS AND POOL FACILITIES FOR ITS MEMBERS, AS WELL AS, DINING SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GOLF, TENNIS, AND POOL ACTIVITIES, AS WELL AS, DINING SERVICES FOR 431 MEMBERS DURING THE FOUR MONTHS ENDED DECEMBER 31, 2022
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Silbovits Manager | 40 | $169,192 | |
Brian Skinner Grounds Superintendent | 40 | $144,586 | |
Jeffrey Monteleone Golf Pro | 40 | $112,771 | |
Alyssa Battista Asst. Manager | 40 | $110,939 | |
Andrew Mahoney Clerk | Officer | 5 | $0 |
Eric Johnson President | Officer | 5 | $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 | $134,888 |
| Investment income | $1,620 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,075 |
| 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 | $441,213 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $628,396 |
| 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 | $632,511 |
| Pension plan accruals and contributions | $10,313 |
| Other employee benefits | $20,167 |
| Payroll taxes | $64,614 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $25,724 |
| Information technology | $11,207 |
| Royalties | $0 |
| Occupancy | $74,724 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32,815 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,900 |
| Insurance | $28,386 |
| All other expenses | $33,322 |
| Total functional expenses | $1,153,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $573,180 |
| Savings and temporary cash investments | $1,046,728 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $541,439 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,108 |
| Prepaid expenses and deferred charges | $102,233 |
| Net Land, buildings, and equipment | $4,228,507 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,528,195 |
| Accounts payable and accrued expenses | $246,502 |
| Grants payable | $0 |
| Deferred revenue | $1,248,316 |
| 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 | $2,407,602 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,902,420 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,433,800 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,191,975 |
| Total liabilities and net assets/fund balances | $6,528,195 |
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|---|---|---|
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Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Wee Burn Country Club Inc Darien, CT | $32,519,463 | $16,725,850 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
Greenwich Country Club Greenwich, CT | $48,407,804 | $23,136,592 |
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 |
Woodway Country Club Incorporated Darien, CT | $32,570,201 | $14,880,536 |
Round Hill Club Incorporated Greenwich, CT | $26,532,622 | $13,385,000 |