Vesper-Country Club Inc
- Assets
- $10.5m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 207
- Location
- Tyngsboro, MA
- Founding
- 08/1934
- Data as of
- 09/2023
- EIN
- 04-1933170
Organization Overview
Vesper-Country Club Inc is located in Tyngsboro, 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 09/2023, Vesper-Country Club Inc employed 207 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vesper-Country 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 09/2023, Vesper-Country Club Inc generated $7.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $7.9m during the year ending 09/2023. While expenses have increased by 5.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE OBJECT OF THE CLUB IS TO ENCOURAGE INDOOR AND OUTDOOR SPORTS AND PASTIMES AND TO MAINTAIN CLUB QUARTERS FOR LITERARY AND SOCIAL PURPOSES.
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 |
|---|---|---|---|
Cory Hussey President | OfficerTrustee | 10 | $0 |
Daniel Villemaire First Vice President | OfficerTrustee | 10 | $0 |
Kenneth Kaiser Second Vice President | OfficerTrustee | 10 | $0 |
Thomas O'brien Treasurer | OfficerTrustee | 10 | $0 |
Gary Mcgrath Secretary | OfficerTrustee | 10 | $0 |
Jack Lougee Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Servicemaster Elite Water Damage Insurance Cleanup | 9/29/23 | $116,366 |
Linda Gunter Renegade Roof Roof Replacement | 9/29/23 | $103,300 |
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 | $4,787,900 |
| Investment income | $20,673 |
| 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 | $2,738,456 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,921,411 |
| 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. | $241,001 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,532,205 |
| Pension plan accruals and contributions | $28,389 |
| Other employee benefits | $243,060 |
| Payroll taxes | $464,510 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,297 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,307 |
| Advertising and promotion | $0 |
| Office expenses | $193,330 |
| Information technology | $60,358 |
| Royalties | $0 |
| Occupancy | $366,468 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $156,634 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $862,108 |
| Insurance | $187,625 |
| All other expenses | $0 |
| Total functional expenses | $7,927,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,182 |
| Savings and temporary cash investments | $356,409 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $843,881 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $98,842 |
| Prepaid expenses and deferred charges | $72,291 |
| Net Land, buildings, and equipment | $9,148,870 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,524,475 |
| Accounts payable and accrued expenses | $571,320 |
| 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 | $4,754,983 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,326,303 |
| Net assets without donor restrictions | $5,198,172 |
| Net assets with donor restrictions | $0 |
| 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 | $10,524,475 |