Myopia Hunt Club
- Assets
- $17.2m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 198
- Location
- South Hamilton, MA
- Founding
- 08/1934
- Data as of
- 02/2022
- EIN
- 04-1648210
Organization Overview
Myopia Hunt Club is located in South Hamilton, 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 02/2022, Myopia Hunt Club employed 198 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Myopia Hunt Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 02/2022, Myopia Hunt Club generated $9.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $8.1m during the year ending 02/2022. 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
A PRIVATE COUNTRY CLUB ESTABLISHED TO PROVIDE SOCIAL & RECREATIONAL ACTIVITIES TO MEMBERS.
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 |
|---|---|---|---|
Jonathan Wilber Golf Superintendent | Officer | 55 | $219,255 |
Joann Gallagher Club Manager | Officer | 55 | $171,213 |
Christopher Estrop Controller | 55 | $155,099 | |
Michael Bemis Golf Professional | 55 | $145,463 | |
Theodore Eober President | OfficerTrustee | 3 | $0 |
Nicholas B Cutler Treasurer | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Michael Bemis Golf Pro Lessons | 2/27/19 | $495,526 |
Scott Slobin Tennis Lessons/sales | 2/27/19 | $179,695 |
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 | $40,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,650 |
| Total Program Service Revenue | $5,142,449 |
| Investment income | $22,053 |
| 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 | $2,974,768 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,958,178 |
| 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. | $398,553 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,041,532 |
| Pension plan accruals and contributions | $33,095 |
| Other employee benefits | $250,391 |
| Payroll taxes | $289,825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $94,312 |
| Fees for services: Accounting | $22,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,568 |
| Advertising and promotion | $0 |
| Office expenses | $315,903 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $498,889 |
| Travel | $14,683 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $64,927 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $883,117 |
| Insurance | $172,777 |
| All other expenses | $14,086 |
| Total functional expenses | $8,081,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,782,636 |
| Savings and temporary cash investments | $420,241 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,352,725 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $312,392 |
| Prepaid expenses and deferred charges | $124,311 |
| Net Land, buildings, and equipment | $12,133,086 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,000 |
| Total assets | $17,150,391 |
| Accounts payable and accrued expenses | $427,287 |
| Grants payable | $0 |
| Deferred revenue | $2,470,417 |
| 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 | $1,520,000 |
| Other liabilities | $29,359 |
| Total liabilities | $4,447,063 |
| Net assets without donor restrictions | $12,696,828 |
| Net assets with donor restrictions | $6,500 |
| 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 | $17,150,391 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Myopia Hunt Club has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA PURPOSE: EXEMPT PURPOSE | $2,500 |
Endowment Analysis
| Beg. Balance | $78,836 |
| Net Contributions | $40,650 |
| Other Expense | $56,145 |
| Ending Balance | $63,341 |
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 |
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 |