Garden City Golf Club
- Assets
- $9.1m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 97
- Location
- Garden City, NY
- Founding
- 08/1941
- Data as of
- 12/2022
- EIN
- 11-0787820
Organization Overview
Garden City Golf Club is located in Garden City, NY. The organization was established in 1941. 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, Garden City Golf Club employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garden City Golf Club 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, Garden City Golf Club generated $6.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $6.7m during the year ending 12/2022. While expenses have increased by 2.6% per year over the past 5 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
THE PURPOSE AND OBJECTIVE OF THE CLUB IS TO PROVIDE GOLF, PLATFORM TENNIS, OTHER SPORTS ACTIVITIES AND A CLUBHOUSE FOR THE USE AND ENJOYMENT OF ITS MEMBERS.
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 |
|---|---|---|---|
Henry W Mulholland President | OfficerTrustee | 3 | $0 |
T Merrick Mcquilling Vice President | OfficerTrustee | 3 | $0 |
Alexander F Dematteis Secretary | OfficerTrustee | 3 | $0 |
Joseph Castronovo Treasurer | OfficerTrustee | 3 | $0 |
Kevin Harding Governor | Trustee | 3 | $0 |
Matthew Kramer Governor | Trustee | 3 | $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 | $4,995,887 |
| Investment income | $16,577 |
| 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 | $1,696,943 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,709,407 |
| 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. | $634,099 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,617,368 |
| Pension plan accruals and contributions | $64,619 |
| Other employee benefits | $554,852 |
| Payroll taxes | $254,684 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,029 |
| Fees for services: Accounting | $26,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,790 |
| Advertising and promotion | $0 |
| Office expenses | $91,535 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $449,494 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $505,909 |
| Insurance | $191,391 |
| All other expenses | $0 |
| Total functional expenses | $6,694,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,385 |
| Savings and temporary cash investments | $2,062,506 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $610,249 |
| Loans from Officers, Directors, or Controlling Persons | $53,370 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $94,856 |
| Prepaid expenses and deferred charges | $280,213 |
| Net Land, buildings, and equipment | $5,066,685 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $795,388 |
| Total assets | $9,141,652 |
| Accounts payable and accrued expenses | $667,067 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $667,067 |
| Net assets without donor restrictions | $2,222,500 |
| Net assets with donor restrictions | $6,252,085 |
| 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 | $9,141,652 |