Brae Burn Country Club
- Assets
- $27.9m
- Revenue
- $15.0m
- Investments
- $0.0
- Employees
- 328
- Location
- West Newton, MA
- Founding
- 08/1934
- Data as of
- 10/2023
- 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 10/2023, Brae Burn Country Club employed 328 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 10/2023, Brae Burn Country Club generated $15.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $15.2m during the year ending 10/2023. While expenses have increased by 4.6% per year over the past 8 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
2023
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 |
|---|---|---|---|
Peter Gailligan President | OfficerTrustee | 3 | $0 |
Jill Brown First Vice President | OfficerTrustee | 3 | $0 |
William Ballou Second Vice President | OfficerTrustee | 3 | $0 |
Kevin M Sargis Treasurer | OfficerTrustee | 3 | $0 |
David Governo Secretary | OfficerTrustee | 3 | $0 |
Richard Forte Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Landscapes Unlimited Llc Course Improvements | 10/30/23 | $404,415 |
Green Flush Technologies Highland Restroom | 10/30/23 | $169,475 |
James Galvin Electric Company Electrician Services | 10/30/23 | $160,043 |
Gojehos Carpentry Clubhouse Renovations | 10/30/23 | $155,209 |
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 | $59,985 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,985 |
| Total Program Service Revenue | $8,331,813 |
| Investment income | $50,567 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,000 |
| Net Gain/Loss on Asset Sales | $138,206 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,385,200 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,985,771 |
| 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. | $495,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,709,921 |
| Pension plan accruals and contributions | $137,280 |
| Other employee benefits | $536,799 |
| Payroll taxes | $810,094 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,983 |
| Fees for services: Accounting | $32,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $127,466 |
| Advertising and promotion | $0 |
| Office expenses | $127,985 |
| Information technology | $126,032 |
| Royalties | $0 |
| Occupancy | $1,070,904 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,692 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,951,296 |
| Insurance | $191,958 |
| All other expenses | $57,883 |
| Total functional expenses | $15,182,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449,684 |
| Savings and temporary cash investments | $3,072,520 |
| Pledges and grants receivable | $277,786 |
| Accounts receivable, net | $1,389,201 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $470,309 |
| Prepaid expenses and deferred charges | $277,258 |
| Net Land, buildings, and equipment | $21,447,806 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500,816 |
| Total assets | $27,885,380 |
| Accounts payable and accrued expenses | $1,395,978 |
| Grants payable | $0 |
| Deferred revenue | $345,002 |
| 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 | $479,930 |
| Total liabilities | $2,220,910 |
| Net assets without donor restrictions | $25,604,485 |
| Net assets with donor restrictions | $59,985 |
| 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 | $27,885,380 |