Old Westbury Golf & Country Club Inc
- Assets
- $24.6m
- Revenue
- $16.9m
- Investments
- $0.0
- Employees
- 207
- Location
- Old Westbury, NY
- Founding
- 01/1967
- Data as of
- 12/2021
- EIN
- 11-1967540
Organization Overview
Old Westbury Golf & Country Club Inc is located in Old Westbury, NY. The organization was established in 1967. 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 12/2021, Old Westbury Golf & Country Club Inc employed 207 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Westbury Golf & 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, Old Westbury Golf & Country Club Inc generated $16.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $15.3m during the year ending 12/2021. While expenses have increased by 1.8% 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
PRIVATE MEMBERSHIP OWNED COUNTRY CLUB, WHICH INCLUDES GOLF COURSES, TENNIS FACILITIES, POOLS, FITNESS CENTER, AND DINING FACILITIES.
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 |
|---|---|---|---|
Thomas Mcavoy Greens Superintendent | Officer | 40 | $336,266 |
Michael Meehan Head Golf Professional | 40 | $324,659 | |
Chad E Becker General Manager | Officer | 40 | $289,324 |
Ronald Kahn Tennis Pro | 40 | $228,532 | |
Seth Wernow Executive Chef | 40 | $208,180 | |
Michael D Jackson Director Of Finance | 40 | $193,133 |
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 | $11,406,206 |
| Investment income | $11,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $56,626 |
| 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 | $4,407,836 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,881,231 |
| 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. | $638,888 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,916,578 |
| Pension plan accruals and contributions | $34,837 |
| Other employee benefits | $590,999 |
| Payroll taxes | $796,232 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,265 |
| Fees for services: Accounting | $32,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,973 |
| Advertising and promotion | $0 |
| Office expenses | $182,611 |
| Information technology | $119,837 |
| Royalties | $0 |
| Occupancy | $1,187,845 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,484 |
| Interest | $377,560 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,544,562 |
| Insurance | $314,109 |
| All other expenses | $365,316 |
| Total functional expenses | $15,313,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,978,156 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,513,390 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $227,350 |
| Inventories for sale or use | $195,362 |
| Prepaid expenses and deferred charges | $65,489 |
| Net Land, buildings, and equipment | $16,658,004 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,637,751 |
| Accounts payable and accrued expenses | $1,629,817 |
| 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 | $7,078,465 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,297,752 |
| Total liabilities | $13,006,034 |
| Net assets without donor restrictions | $11,631,717 |
| 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 | $24,637,751 |
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