Watertown Golf Club Incorporated
- Assets
- $2.3m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 100
- Location
- Watertown, CT
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 06-1303559
Organization Overview
Watertown Golf Club Incorporated is located in Watertown, CT. The organization was established in 0000. 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 12/2022, Watertown Golf Club Incorporated employed 100 individuals. Watertown Golf Club Incorporated 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, Watertown Golf Club Incorporated generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 0.1% 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
TO PROVIDE MEMBERS WITH GOLF, DINING AND SOCIAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEMBERS WITH GOLF, DINING AND SOCIAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Kirton President | OfficerTrustee | 10 | $0 |
Thomas Krayeske Treasurer | OfficerTrustee | 5 | $0 |
John Boucher Secretary | OfficerTrustee | 2 | $0 |
Ted Mannello Vice Preside | OfficerTrustee | 5 | $0 |
Jeffrey Slapikas Board Member | Trustee | 2 | $0 |
Michael Garassino Board Member | Trustee | 2 | $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 | $115,610 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,610 |
| Total Program Service Revenue | $1,826,359 |
| Investment income | $7,648 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,943 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $135,251 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,082,950 |
| 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 | $796,597 |
| Pension plan accruals and contributions | $10,809 |
| Other employee benefits | $28,281 |
| Payroll taxes | $88,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,860 |
| Advertising and promotion | $0 |
| Office expenses | $7,070 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $98,866 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $76,885 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,028 |
| Insurance | $67,149 |
| All other expenses | $331,879 |
| Total functional expenses | $2,131,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $595,121 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $145,216 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,080 |
| Prepaid expenses and deferred charges | $39,360 |
| Net Land, buildings, and equipment | $1,480,943 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,298 |
| Other assets | $20,078 |
| Total assets | $2,308,096 |
| Accounts payable and accrued expenses | $252,073 |
| Grants payable | $0 |
| Deferred revenue | $33,175 |
| 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 | $1,678,320 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,963,568 |
| Net assets without donor restrictions | $344,528 |
| 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 | $2,308,096 |
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Creek Inc Locust Valley, NY | $5,369,299 | $13,749,282 |
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