Myopia Hunt Club
- Assets
- $16.8m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 128
- Location
- South Hamilton, MA
- Founding
- 08/1934
- Data as of
- 02/2023
- 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 02/2023, Myopia Hunt Club employed 128 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 02/2023, Myopia Hunt Club generated $8.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $8.4m during the year ending 02/2023. While expenses have increased by 1.9% per year over the past 5 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
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 |
|---|---|---|---|
Theodore Eober President | OfficerTrustee | 3 | $0 |
Nicholas B Cutler Treasurer | OfficerTrustee | 3 | $0 |
George L Needham Secretary | OfficerTrustee | 3 | $0 |
Franz Colloredo-Mansfeld Board Member | Trustee | 3 | $0 |
Wendy Woods Board Member | Trustee | 3 | $0 |
Thomas Ellis Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Scott Slobin Tennis Lessons/sales | 2/27/19 | $179,695 |
Michael Bemis Golf Pro Lessons | 2/27/19 | $495,526 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $172,358 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $248,358 |
| Total Program Service Revenue | $5,020,341 |
| Investment income | $17,037 |
| 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 | $3,381,943 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,667,679 |
| 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. | $490,869 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,343,728 |
| Pension plan accruals and contributions | $45,307 |
| Other employee benefits | $226,471 |
| Payroll taxes | $321,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,291 |
| 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 | $7,905 |
| Advertising and promotion | $0 |
| Office expenses | $320,581 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $526,506 |
| Travel | $37,805 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50,295 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $871,329 |
| Insurance | $175,203 |
| All other expenses | $362 |
| Total functional expenses | $8,369,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $480,437 |
| Savings and temporary cash investments | $2,222,183 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,152,710 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $152,945 |
| Prepaid expenses and deferred charges | $444,166 |
| Net Land, buildings, and equipment | $12,232,316 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,528 |
| Total assets | $16,784,285 |
| Accounts payable and accrued expenses | $328,778 |
| Grants payable | $0 |
| Deferred revenue | $2,610,741 |
| 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 | $818,388 |
| Other liabilities | $24,901 |
| Total liabilities | $3,782,808 |
| Net assets without donor restrictions | $12,994,977 |
| 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 | $16,784,285 |