Fairfield County Hunt Club
- Assets
- $7.2m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 156
- Location
- Westport, CT
- Founding
- 12/1931
- Data as of
- 10/2020
- EIN
- 06-0338460
Organization Overview
Fairfield County Hunt Club is located in Westport, CT. The organization was established in 1931. 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 10/2020, Fairfield County Hunt Club employed 156 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairfield County Hunt Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2020, Fairfield County Hunt Club generated $5.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $5.9m during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 6 years. 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
TO PROVIDE A CENTER FOR HORSE ACTIVITIES OF ALL KINDS AND TO PROMOTE AND FURNISH FACILITIES FOR SUCH OTHER SPORTS AND SOCIAL ACTIVITIES AS THE MEMBERSHIP MAY DESIRE.
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 |
|---|---|---|---|
Carla Nelson General Manager | 60 | $142,384 | |
Jason Canepari Building, Grounds & Enviro | 40 | $114,540 | |
Sheri Francour Controller | 40 | $100,635 | |
Sean Hogan President | OfficerTrustee | 3 | $0 |
Benedicte Berg Vice President | OfficerTrustee | 3 | $0 |
Justin Thomas Treasurer | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Russell Schutzman Inc Tennis Pro | 10/30/20 | $195,655 |
M Scott Redstone Farrier | 10/30/20 | $107,364 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $1,037 |
| 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 | $3,369,862 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,345,772 |
| Statement of Expenses | |
|---|---|
| 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. | $156,299 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,142,449 |
| Pension plan accruals and contributions | $20,011 |
| Other employee benefits | $402,449 |
| Payroll taxes | $193,549 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,598 |
| Fees for services: Accounting | $24,204 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,308 |
| Advertising and promotion | $0 |
| Office expenses | $166,453 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $316,550 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $198,167 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $484,907 |
| Insurance | $131,960 |
| All other expenses | $0 |
| Total functional expenses | $5,866,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550 |
| Savings and temporary cash investments | $782,622 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $471,445 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,369 |
| Prepaid expenses and deferred charges | $52,348 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,800 |
| Total assets | $7,241,863 |
| Accounts payable and accrued expenses | $173,857 |
| Grants payable | $0 |
| Deferred revenue | $21,597 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $3,969,038 |
| Other liabilities | $200,000 |
| Total liabilities | $4,364,492 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $2,877,371 |
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|---|---|---|
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Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Wee Burn Country Club Inc Darien, CT | $32,519,463 | $16,725,850 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
Greenwich Country Club Greenwich, CT | $48,407,804 | $23,136,592 |
Harvard Club Of New York City New York, NY | $57,363,784 | $14,784,742 |
Wellesley Country Club Wellesley, MA | $55,523,277 | $17,353,733 |
Colony Club New York, NY | $19,784,366 | $16,065,896 |
Creek Inc Locust Valley, NY | $5,369,299 | $13,749,282 |
Woodway Country Club Incorporated Darien, CT | $32,570,201 | $14,880,536 |
Round Hill Club Incorporated Greenwich, CT | $26,532,622 | $13,385,000 |