North Haven Golf Club
- Assets
- $287.5k
- Revenue
- $218.9k
- Investments
- $136.1k
- Employees
- 3
- Location
- North Haven, ME
- Founding
- 03/1971
- Data as of
- 12/2020
- EIN
- 04-2164794
Organization Overview
North Haven Golf Club is located in North Haven, ME. The organization was established in 1971. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2020, North Haven Golf Club employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Haven Golf Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2020, North Haven Golf Club generated $218.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $176.7k during the year ending 12/2020. While expenses have increased by 0.5% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE FEES AND MEMBERSHIP ASSESSMENTS FOR THE PURPOSE OF OPERATING A SOCIAL CLUB FOR ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dudley Winthrop President | Officer | 5 | $0 |
Sarah W Whinery Vice President | Officer | 0.3 | $0 |
Margaret R Mayfield Secretary | Officer | 0.3 | $0 |
Mark P Carthy Treasurer | Officer | 2 | $0 |
Jamie P Davison Clerk | Officer | 2 | $0 |
Emily C Forester Director | Trustee | 0.3 | $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 | $25,576 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,576 |
| Total Program Service Revenue | $186,068 |
| Investment income | $6,749 |
| 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 | $514 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $218,907 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,641 |
| Payroll taxes | $7,362 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,028 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,651 |
| Advertising and promotion | $0 |
| Office expenses | $5,527 |
| Information technology | $235 |
| Royalties | $0 |
| Occupancy | $38,142 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,823 |
| Insurance | $12,749 |
| All other expenses | $355 |
| Total functional expenses | $176,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,834 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,147 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $55,888 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $136,137 |
| Investments—program-related | $0 |
| Intangible assets | $84 |
| Other assets | $417 |
| Total assets | $287,507 |
| Accounts payable and accrued expenses | $0 |
| 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 | $10,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $17,939 |
| Other liabilities | $700 |
| Total liabilities | $28,639 |
| Net assets without donor restrictions | $258,868 |
| 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 | $287,507 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Laconia Golf Club Inc Laconia, NH | $5,924,050 | $2,120,065 |
Maine Golf House Inc Cumberland, ME | $1,550,780 | $1,201,316 |
Megunticook Golf Club Rockport, ME | $1,379,805 | $881,497 |
New Hampshire Golf Association Concord, NH | $596,648 | $935,150 |
New Hampshire Senior Golfers Associates Salisbury, NH | $42,026 | $223,917 |
The First Tee Of New Hampshire Inc North Hampton, NH | $266,153 | $253,996 |
Fort Kent Golf Club Fort Kent, ME | $202,110 | $216,026 |
North Haven Golf Club North Haven, ME | $287,507 | $218,907 |
Maine Seniors Golf Association Yarmouth, ME | $56,725 | $0 |
Eastern Maine Seniors Golf Assn Bangor, ME | $37,727 | $0 |
Maine Golf Course Superintendents Association Cumberland, ME | $100,075 | $0 |