South Fork Country Club Inc
- Assets
- $20.1m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 74
- Location
- Amagansett, NY
- Founding
- 11/1961
- Data as of
- 12/2021
- EIN
- 11-1960057
Organization Overview
South Fork Country Club Inc is located in Amagansett, NY. The organization was established in 1961. 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 12/2021, South Fork Country Club Inc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Fork Country Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, South Fork Country Club Inc generated $6.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $5.4m during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GOLF AND COUNTRY CLUB FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX-EXEMPT CLUB ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Garvin Golf Professional | 50 | $288,600 | |
Frank Bellucci IV Superintendent | Officer | 50 | $245,473 |
Matthew Ross Executive Chef | 50 | $173,177 | |
Susan Wilson Controller | 40 | $115,346 | |
Jon Grossman President | OfficerTrustee | 10 | $0 |
Thomas Delitto Treasurer | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
J Carelton Contracting Inc Contractor | 12/30/20 | $373,907 |
Total Turf Golf Services Inc Golf Course Maint. | 12/30/20 | $289,967 |
Visions Designers Builders Inc Contractor | 12/30/20 | $269,365 |
Weber & Grahn Hvac Services | 12/30/20 | $245,448 |
Biondo & Hammer Llp Attorney | 12/30/20 | $122,500 |
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 | $5,081,804 |
| Investment income | $5,940 |
| 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 | $1,354,799 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,442,543 |
| 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. | $275,144 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,152,597 |
| Pension plan accruals and contributions | $25,646 |
| Other employee benefits | $184,189 |
| Payroll taxes | $263,640 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,350 |
| Fees for services: Accounting | $18,518 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $300,994 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $245,717 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,019 |
| Interest | $28,936 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $987,445 |
| Insurance | $178,172 |
| All other expenses | $0 |
| Total functional expenses | $5,351,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,402 |
| Savings and temporary cash investments | $4,495,331 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $340,602 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $171,498 |
| Prepaid expenses and deferred charges | $136,218 |
| Net Land, buildings, and equipment | $14,701,364 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $170,065 |
| Total assets | $20,140,480 |
| Accounts payable and accrued expenses | $142,818 |
| Grants payable | $0 |
| Deferred revenue | $45,943 |
| 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 | $979,845 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,168,606 |
| Net assets without donor restrictions | $18,971,874 |
| 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 | $20,140,480 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canoe Brook Country Club Summit, NJ | $49,012,793 | $22,669,304 |
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
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 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |
Rolling Rock Club Ligonier, PA | $40,965,761 | $18,300,601 |
Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
The Ridgewood Country Club Paramus, NJ | $31,275,344 | $17,956,980 |
Montclair Golf Club Montclair, NJ | $32,931,083 | $17,687,834 |
Greenwich Country Club Greenwich, CT | $48,407,804 | $23,136,592 |