New Haven Country Club Corp
- Assets
- $9.4m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 142
- Location
- Hamden, CT
- Founding
- 03/1944
- Data as of
- 12/2023
- EIN
- 06-0468980
Organization Overview
New Haven Country Club Corp is located in Hamden, CT. The organization was established in 1944. 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 12/2023, New Haven Country Club Corp employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Haven Country Club Corp is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, New Haven Country Club Corp generated $6.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $5.5m during the year ending 12/2023. While expenses have increased by 3.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BIND IT'S MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEMBERS WITH FULL COUNTRY CLUB FACILITIES INCLUDING GOLF,PADDLE TENNIS, SWIMMING, PICKLEBALL, DINING AND SOCIAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Sullivan Director | Trustee | 4 | $0 |
Daniel Slater President | OfficerTrustee | 4 | $0 |
Floyd Dugas Vp/secretary | OfficerTrustee | 4 | $0 |
Ed Troiano Director | Trustee | 4 | $0 |
Michael Deakin Director | Trustee | 4 | $0 |
Mary Outtrim Director | Trustee | 4 | $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 | $4,539,607 |
| Investment income | $10,610 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,444 |
| 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 | $1,535,873 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,094,534 |
| 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 | $2,493,615 |
| Pension plan accruals and contributions | $40,338 |
| Other employee benefits | $199,015 |
| Payroll taxes | $272,079 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,384 |
| Advertising and promotion | $10,144 |
| Office expenses | $79,753 |
| Information technology | $100,485 |
| Royalties | $0 |
| Occupancy | $760,742 |
| Travel | $12,302 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,831 |
| Interest | $100,597 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $518,936 |
| Insurance | $166,997 |
| All other expenses | $6,212 |
| Total functional expenses | $5,506,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $744,766 |
| Savings and temporary cash investments | $395,538 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $577,971 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,768 |
| Prepaid expenses and deferred charges | $73,766 |
| Net Land, buildings, and equipment | $7,054,107 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $468,130 |
| Total assets | $9,351,046 |
| Accounts payable and accrued expenses | $630,903 |
| Grants payable | $0 |
| Deferred revenue | $42,400 |
| 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 | $2,815,720 |
| Other liabilities | $123,820 |
| Total liabilities | $3,612,843 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $5,738,203 |
| Total liabilities and net assets/fund balances | $9,351,046 |