Wellesley Country Club
- Assets
- $56.8m
- Revenue
- $20.3m
- Investments
- $389.4k
- Employees
- 385
- Location
- Wellesley, MA
- Founding
- 09/1938
- Data as of
- 12/2023
- EIN
- 04-1956640
Organization Overview
Wellesley Country Club is located in Wellesley, MA. The organization was established in 1938. 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 12/2023, Wellesley Country Club employed 385 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellesley Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Wellesley Country Club generated $20.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $17.1m during the year ending 12/2023. While expenses have increased by 6.2% 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
PROVIDING SOCIAL AND RECREATIONAL ACTIVITIES FOR APPROXIMATELY 809 FAMILIES AND THEIR GUEST INCLUDING DINING, GOLF, TENNIS, POOL AND FITNESS.
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 |
|---|---|---|---|
Owen Dugan Jr President | OfficerTrustee | 15 | $0 |
Ruth Mallett First Vice President | OfficerTrustee | 10 | $0 |
Steven Sexeny Second Vice President | OfficerTrustee | 10 | $0 |
Anthony Abate Treasurer | OfficerTrustee | 10 | $0 |
Ann Marie Gross Secretary | OfficerTrustee | 10 | $0 |
Gary Todd Governor | Trustee | 7 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
H Chambers & Company Design Consultants | 12/30/23 | $374,834 |
Bp Cleaning Services Facility Cleaning Services | 12/30/23 | $206,352 |
Southworth Milton Inc Generator Repairs & Rentals | 12/30/23 | $103,726 |
Ce Floyd Contruction Services | 12/30/23 | $110,691 |
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 | $12,925,917 |
| Investment income | $194,835 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,447 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,172,060 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,313,259 |
| 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. | $881,018 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,660,726 |
| Pension plan accruals and contributions | $42,709 |
| Other employee benefits | $942,871 |
| Payroll taxes | $778,026 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,119,980 |
| Advertising and promotion | $0 |
| Office expenses | $82,107 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,043,634 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $312,392 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,291,663 |
| Insurance | $281,628 |
| All other expenses | $179,127 |
| Total functional expenses | $17,136,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $800 |
| Savings and temporary cash investments | $5,712,483 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $942,944 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $434,425 |
| Prepaid expenses and deferred charges | $569,896 |
| Net Land, buildings, and equipment | $48,782,619 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $389,356 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $56,832,523 |
| Accounts payable and accrued expenses | $1,745,774 |
| Grants payable | $0 |
| Deferred revenue | $2,021,836 |
| 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 | $6,087,434 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,148,069 |
| Total liabilities | $16,003,113 |
| Net assets without donor restrictions | $40,829,410 |
| 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 | $56,832,523 |