Atlantic Golf Club Foundation
- Assets
- $6.4k
- Revenue
- $43.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Bridgehampton, NY
- Founding
- 09/2001
- Data as of
- 12/2021
- EIN
- 11-3604532
Organization Overview
Atlantic Golf Club Foundation is located in Bridgehampton, NY. The organization was established in 2001. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlantic Golf Club Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Atlantic Golf Club Foundation generated $43.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $62.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Atlantic Golf Club Foundation has awarded 11 individual grants totaling $178,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO AID, ENCOURAGE, STIMULATE AND FOSTER CHARITABLE PURPOSES IN THE COMMUNITY THROUGH GRANTS, GIFTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RAISE, RECEIVE AND DISTRIBUTE FUNDS OR PROPERTY WITHOUT LIMITATION AS TO THE AMOUNT OR VALUE IN ORDER TO AID, ENCOURAGE, STIMULATE AND FOSTER CHARITABLE PURPOSES IN THE COMMUNITY THROUGH GRANTS, GIFTS OR OTHERWISE TO DESERVING INDIVIDUALS, GROUPS, INSTITUTIONS AND ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis A Suskind President | OfficerTrustee | 3 | $0 |
Eric Rothfeld Secretary | OfficerTrustee | 3 | $0 |
Thomas J Hughes Vice President | OfficerTrustee | 3 | $0 |
Ralph Rosenberg Treasurer | OfficerTrustee | 3 | $0 |
Gary Cohn Board Member | Trustee | 3 | $0 |
Daniel T Napoli Board Member | 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 | $43,751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,751 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,751 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $621 |
| Total functional expenses | $62,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,390 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,390 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $6,390 |
| 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 | $6,390 |
Grants Awarded
Over the last fiscal year, Atlantic Golf Club Foundation has awarded $178,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Bridgehampton, NY PURPOSE: GENERAL SUPPORT | $32,000 |
East Hampton, NY PURPOSE: GENERAL SUPPORT | $22,000 |
Wainscott, NY PURPOSE: GENERAL SUPPORT | $17,000 |
Southampton, NY PURPOSE: GENERAL SUPPORT | $17,000 |
Bridgehampton, NY PURPOSE: GENERAL SUPPORT | $17,000 |
East Hampton, NY PURPOSE: GENERAL SUPPORT | $17,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Atlantic Golf Club Foundation has recieved totaling $46,300.
| Awarding Organization | Amount |
|---|---|
Jacobson Family Fdn New York, NY PURPOSE: CHARITABLE | $25,000 |
Daniel M Neidich And Brooke Garber Foundation New York, NY PURPOSE: GENERAL CHARITABLES | $7,400 |
The@robert And Suzanne Cochran Family Foundation New York, NY PURPOSE: TO RAISE, RECEIVE AND DISTRIBUTE FUNDS OR PROPERTY WITHOUT LIMITATION AS TO THE AMOUNT OR VALUE IN ORDER TO AID, ENCOURAGE, STIMULATE AND FOSTER CHARITABLE PURPOSES IN THE COMMUNITY THROUGH GRANTS, GIFTS OR OTHERWISE TO DESERVING INDIVIDUALS, GROUPS, INSTITUTIONS AND ORGANIZATIONS. | $5,000 |
Lederman Family Foundation New York, NY PURPOSE: CHARITABLE | $3,500 |
Eric Gleacher Foundation North Palm Beach, FL PURPOSE: ALL ARE FOR CULTURAL, MEDICAL, CHARITABLE, ETC. | $2,000 |
Barry Friedberg & Charlotte Moss Fam Foundation New York, NY PURPOSE: GENERAL SUPPORT | $1,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Good Nation Foundation Inc New York, NY | $2,105,948 | $9,558,970 |
New York Times Neediest Cases Fund New York, NY | $66,331,518 | $11,554,497 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Enveritas Inc New York, NY | $2,653,436 | $10,002,673 |
Rodef Chesed Brooklyn, NY | $766,824 | $8,077,248 |
Tomchai Torah Beretz Yisrael Inc Monsey, NY | $767,829 | $7,981,285 |
American Friends Of The Royal Foundation Of The Duke And Duchess Newtown, MA | $2,911,496 | $8,616,320 |
Howard S And Deborah Jonas Foundation Inc Newark, NJ | $31,913,606 | $3,298,041 |
Mccourt Foundation Inc Braintree, MA | $29,762,470 | $6,917,849 |
Virgin Unite Usa Inc New York, NY | $4,075,760 | $3,415,307 |
American Friends Of Kohelet Policy Forum Philadelphia, PA | $260,078 | $121,500 |
Englewood Hospital And Medical Center Foundation Inc Englewood, NJ | $99,587,008 | $18,309,140 |