Belmont Country Club Inc
- Assets
- $28.5m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 211
- Location
- Belmont, MA
- Founding
- 08/1945
- Data as of
- 12/2022
- EIN
- 04-2003667
Organization Overview
Belmont Country Club Inc is located in Belmont, MA. The organization was established in 1945. As of 12/2022, Belmont Country Club Inc employed 211 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belmont 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 12/2022, Belmont Country Club Inc generated $11.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $11.7m during the year ending 12/2022. While expenses have increased by 3.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB OFFERS GOLF, TENNIS, SWIMMING, AND DINING FOR THE RECREATION OF ITS MEMBERSHIP.
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 |
|---|---|---|---|
Charlie Abrams President | OfficerTrustee | 2 | $0 |
Alan Breitman Vice President | OfficerTrustee | 2 | $0 |
Kyle Burrell Treasurer | OfficerTrustee | 2 | $0 |
David Kreisler Secretary | OfficerTrustee | 2 | $0 |
Seth Gelber Past President | Trustee | 2 | $0 |
Doug Gordon Director/trustee | Trustee | 2 | $0 |
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 | $8,460,888 |
| Investment income | $7,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46,238 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,966,732 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,632,904 |
| 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. | $576,521 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,155,654 |
| Pension plan accruals and contributions | $217,863 |
| Other employee benefits | $292,622 |
| Payroll taxes | $559,477 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,028 |
| Fees for services: Accounting | $30,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,714 |
| Advertising and promotion | $0 |
| Office expenses | $240,870 |
| Information technology | $90,670 |
| Royalties | $0 |
| Occupancy | $813,880 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,813 |
| Interest | $431,322 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,217,025 |
| Insurance | $112,023 |
| All other expenses | $468 |
| Total functional expenses | $11,713,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $426,868 |
| Savings and temporary cash investments | $3,605,658 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,116,861 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $725,420 |
| Inventories for sale or use | $128,886 |
| Prepaid expenses and deferred charges | $146,241 |
| Net Land, buildings, and equipment | $22,055,317 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $261,561 |
| Total assets | $28,466,812 |
| Accounts payable and accrued expenses | $553,767 |
| Grants payable | $0 |
| Deferred revenue | $991,519 |
| 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 | $8,988,544 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $261,561 |
| Total liabilities | $10,795,391 |
| Net assets without donor restrictions | $17,671,421 |
| 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 | $28,466,812 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Belmont Country Club Inc Belmont, MA | $28,466,812 | $11,632,904 |
Pelham Country Club Pelham Manor, NY | $46,329,070 | $12,096,913 |
Westhampton Country Club Inc Westhampton Beach, NY | $24,191,195 | $11,035,707 |
Winchester Country Club Winchester, MA | $21,870,652 | $9,913,720 |
Country Club Of Buffalo Williamsville, NY | $17,512,590 | $7,434,781 |
Oswego Country Club Oswego, NY | $1,608,289 | $1,185,318 |
Lincoln Country Club Inc Lincoln, RI | $998,575 | $1,010,225 |
Fort Schuyler Club Utica, NY | $981,803 | $832,560 |
Community Assisted Tenant Controlled Housing Inc New York, NY | $1,063,875 | $323,199 |
Wadawanuck Club Inc Stonington, CT | $2,389,372 | $1,086,560 |
Minisceongo Yacht Club Inc Stony Point, NY | $4,084,480 | $574,392 |
City Island Yacht Club Inc City Island, NY | $421,967 | $440,250 |
Hatherly Country Club N Scituate, MA | $5,431,908 | $230,161 |
Club Frontenac Inc West Warwick, RI | $514,688 | $158,018 |
Sioga Club Of Berkshire County Inc Pittsfield, MA | $422,702 | $102,831 |
Osiris Country Club Inc Walden, NY | $10,354 | -$22,028 |