Golf Club Of Avon Inc
- Assets
- $12.6m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 284
- Location
- Avon, CT
- Founding
- 02/1962
- Data as of
- 12/2022
- EIN
- 06-0294660
Organization Overview
Golf Club Of Avon Inc is located in Avon, CT. The organization was established in 1962. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Golf Club Of Avon Inc employed 284 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golf Club Of Avon 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, Golf Club Of Avon Inc generated $5.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $5.3m during the year ending 12/2022. While expenses have increased by 0.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SOCIAL, GOLF AND OTHER ACTIVITIES AT A HIGH LEVEL OF SERVICE IN QUALITY FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF OPERATIONS - GOLF FACILITIES ARE AVAILABLE FOR USE BY GOLFING MEMBERS AND THEIR GUESTS.
BEVERAGE AND RESTAURANT OPERATION - TO PROVIDE MEMBERS AND THEIR GUESTS WITH AN OPPORTUNITY FOR DINING AND SOCIALIZING.
TENNIS, POOL, PADDLE TENNIS AND RECREATIONAL SERVICES - TO PROVIDE MEMBERS WITH OTHER INDOOR AND OUTDOOR ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Blackwell President | OfficerTrustee | 5 | $0 |
Rebecca Sposito Vice President | OfficerTrustee | 5 | $0 |
Steven Hahn Treasurer | OfficerTrustee | 5 | $0 |
Jeffrey Stein Secretary | OfficerTrustee | 5 | $0 |
Michael Waterbury Past President | OfficerTrustee | 5 | $0 |
John Giamalis Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ryan Hall Golf Professional | 12/30/15 | $507,041 |
360 Golf Llc Golf Course Construction | 12/30/15 | $132,496 |
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 | $5,910,092 |
| Investment income | $529 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $147,950 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$826,293 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,269,565 |
| 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. | $340,997 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,615,577 |
| Pension plan accruals and contributions | $59,779 |
| Other employee benefits | $71,039 |
| Payroll taxes | $205,392 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,528 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,529 |
| Advertising and promotion | $0 |
| Office expenses | $65,556 |
| Information technology | $93,720 |
| Royalties | $0 |
| Occupancy | $575,250 |
| Travel | $6,873 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $125,344 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $898,258 |
| Insurance | $137,869 |
| All other expenses | $83,714 |
| Total functional expenses | $5,285,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,947 |
| Savings and temporary cash investments | $2,774 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,084,801 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $64,535 |
| Prepaid expenses and deferred charges | $42,356 |
| Net Land, buildings, and equipment | $11,171,434 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $21,555 |
| Other assets | $0 |
| Total assets | $12,632,402 |
| Accounts payable and accrued expenses | $472,271 |
| Grants payable | $0 |
| Deferred revenue | $32,865 |
| 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 | $3,012,748 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,517,884 |
| Net assets without donor restrictions | $9,102,577 |
| Net assets with donor restrictions | $11,941 |
| 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 | $12,632,402 |