Longwood Cricket Club
- Assets
- $7.8m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 132
- Location
- Chestnut Hill, MA
- Founding
- 12/1968
- Data as of
- 10/2023
- EIN
- 04-1554270
Organization Overview
Longwood Cricket Club is located in Chestnut Hill, MA. The organization was established in 1968. 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, Longwood Cricket Club employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Longwood Cricket 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, Longwood Cricket Club generated $4.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $4.3m during the year ending 10/2023. While expenses have increased by 2.0% 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
THE CLUB IS A MEMBER OWNED SOCIAL AND RECREATIONAL CLUB, WHICH PROVIDES TO THEIR 900 MEMBERS FORTY FOUR TENNIS COURTS FOR ALL LEVELS OF TENNIS, AND A WIDE RANGE OF SOCIAL ACTIVITIES, IN A SEASON FROM APRIL THROUGH NOVEMBER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB HAS 44 COURTS, 25 GRASS AND 19 HAR-TRU CLAY AVAILABLE TO ALL ITS 900 MEMBERS FOR ALL LEVELS OF TENNIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Oliveira President | OfficerTrustee | 20 | $0 |
Alex Chen First Vice President | OfficerTrustee | 20 | $0 |
Timothy Ho Second Vice President | OfficerTrustee | 10 | $0 |
Wendy Lane Treasurer | OfficerTrustee | 10 | $0 |
Elizabeth Ward Secretary | OfficerTrustee | 15 | $0 |
James Baldwin Board Member Until 1/23 | 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 | $4,354,300 |
| Investment income | $45,287 |
| 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 | -$163,957 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,321,070 |
| 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. | $214,437 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,794,803 |
| Pension plan accruals and contributions | $46,211 |
| Other employee benefits | $169,186 |
| Payroll taxes | $181,993 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,047 |
| Fees for services: Accounting | $25,000 |
| 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 | $44,946 |
| Information technology | $51,501 |
| Royalties | $0 |
| Occupancy | $684,222 |
| Travel | $13,260 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,728 |
| Interest | $823 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $435,202 |
| Insurance | $0 |
| All other expenses | $91,960 |
| Total functional expenses | $4,321,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,214 |
| Savings and temporary cash investments | $1,273,064 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $281,600 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $40,412 |
| Prepaid expenses and deferred charges | $81,578 |
| Net Land, buildings, and equipment | $5,713,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $96,530 |
| Other assets | $980 |
| Total assets | $7,810,305 |
| Accounts payable and accrued expenses | $311,462 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $87,974 |
| Total liabilities | $399,436 |
| Net assets without donor restrictions | $7,409,869 |
| Net assets with donor restrictions | $1,000 |
| 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 | $7,810,305 |