Nantucket Golf Club Inc

Organization Overview

Nantucket Golf Club Inc is located in Siasconset, MA. The organization was established in 1999. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Nantucket Golf Club Inc employed 163 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nantucket 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 12/2021, Nantucket Golf Club Inc generated $8.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $11.6m during the year ending 12/2021. While expenses have increased by 5.5% per year over the past 7 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

PROVIDE GOLF, GOLF TOURNAMENTS AND SOCIAL CLUB FROM MAY TO OCTOBER FOR OVER 300 MEMBERS AND FAMILIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED GOLF, GOLF TOURNAMENTS AND SOCIAL CLUB FROM MAY TO OCTOBER FOR OVER 300 MEMBERS AND THEIR FAMILIES.


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Board, Officers & Key Employees

Name (title)Compensation
Thomas Bresette
Club Managertreasurer
$478,903
Mike Demakos
Golf Professional
$301,347
Mark Lucas
Golf Course Manager
$291,609
Frederick D Green
President
$260,240
Rebecca Bartlett
Controllerasst Clerk
$217,417
Steve Polowy
Executive Chef
$140,200

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$6,176,584
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$6,176,584
Total Program Service Revenue$962,501
Investment income $263,713
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 $1,314,937
Miscellaneous Revenue$0
Total Revenue $8,761,983

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Nantucket Golf Club Inc has recieved totaling $2,000.

Awarding OrganizationAmount
Bains Family Foundation

Nantucket, MA

PURPOSE: CHARITABLE

$1,000
Jane Beasley Foundation

Jupiter, FL

PURPOSE: GENERAL

$1,000
View Grant Recipient Profile

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