Brae Burn Country Club
- Assets
- $26.6m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 277
- Location
- West Newton, MA
- Founding
- 08/1934
- Data as of
- 10/2020
- EIN
- 04-1115000
Organization Overview
Brae Burn Country Club is located in West Newton, MA. 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 10/2020, Brae Burn Country Club employed 277 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brae Burn Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2020, Brae Burn Country Club generated $12.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $11.7m during the year ending 10/2020. While expenses have increased by 1.6% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES BOSTON-AREA GOLF ENTHUSIASTS AND FAMILIES WITH A QUALITY EXPERIENCE STEEPED IN TRADITION, NATURAL BEAUTY AND PERSONALIZED SERVICE.
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 |
|---|---|---|---|
Sean Mclaughlin General Manager | Officer | 40 | $310,844 |
Timothy Strano Superintendent | Officer | 40 | $248,354 |
Philip Psaros Head Golf Professional | 40 | $213,993 | |
Jason Nill Assistant Gm | 40 | $204,108 | |
Sean Mcternan Head Golf Teaching Pro | 40 | $158,982 | |
Joseph Dion Executive Chef | 40 | $158,570 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Walker Development Indoor Driving Range | 10/30/20 | $883,227 |
James Galvin Electric Company Electric | 10/30/20 | $221,179 |
Westboro Tennis Surfaces Tennis Courts | 10/30/20 | $302,600 |
Fernandes Line Construction Tennis Court Safety Netting | 10/30/20 | $112,700 |
Lc Anderson Inc Heating/cooling | 10/30/20 | $457,658 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $26,038 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,050 |
| Net Gain/Loss on Asset Sales | $8,481 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,512,399 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,323,812 |
| Statement of Expenses | |
|---|---|
| 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. | $615,116 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,431,305 |
| Pension plan accruals and contributions | $86,793 |
| Other employee benefits | $625,797 |
| Payroll taxes | $367,529 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,486 |
| Fees for services: Accounting | $27,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,765 |
| Advertising and promotion | $0 |
| Office expenses | $161,750 |
| Information technology | $105,082 |
| Royalties | $0 |
| Occupancy | $979,168 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,037 |
| Interest | $11,917 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,257,120 |
| Insurance | $127,134 |
| All other expenses | $0 |
| Total functional expenses | $11,708,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,240,718 |
| Savings and temporary cash investments | $2,333,888 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,683,689 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $304,941 |
| Prepaid expenses and deferred charges | $279,026 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,302 |
| Total assets | $26,622,764 |
| Accounts payable and accrued expenses | $1,333,790 |
| Grants payable | $0 |
| Deferred revenue | $17,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $68,302 |
| Total liabilities | $1,419,092 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $25,203,672 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Athletic Club New York, NY | $79,824,386 | $36,957,466 |
University Club New York, NY | $61,571,312 | $30,883,399 |
Country Club Chestnut Hill, MA | $75,043,157 | $30,549,304 |
Winged Foot Golf Club Inc Mamaroneck, NY | $47,661,307 | $23,506,154 |
New York Yacht Club New York, NY | $54,553,348 | $22,663,268 |
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 |
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 |