Needham Golf Club Inc

Organization Overview

Needham Golf Club Inc is located in Needham, MA. The organization was established in 0000. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 10/2021, Needham Golf Club Inc employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Needham Golf Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 10/2021, Needham Golf Club Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $2.1m during the year ending 10/2021. While expenses have increased by 1.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

NINE HOLE COURSE AND CLUB HOUSE MANAGED BY MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NOT APPLICABLE, 501(C)(7) ORGANIZATION.


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Board, Officers & Key Employees

Name (title)Compensation
Timothy M Hood
Golf Superintendent
$110,370
Brenda Budge
Club Manager Untl 7/21
$81,913
Robert Ernst
Vice President
$0
Richard Zimbone
President
$0
Arthur Flashman
Treasurer
$0
Matthew Kane
Clerk
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $778,156
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$778,156
Total Program Service Revenue$2,258,217
Investment income $3,709
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $79,917
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$91,154
Miscellaneous Revenue$0
Total Revenue $3,028,845

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