Atlantic Golf Club Inc
- Assets
- $37.4m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 96
- Location
- Bridgehampton, NY
- Founding
- 08/1989
- Data as of
- 12/2021
- EIN
- 13-3491367
Organization Overview
Atlantic Golf Club Inc is located in Bridgehampton, NY. The organization was established in 1989. 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, Atlantic Golf Club Inc employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlantic Golf 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, Atlantic Golf Club Inc generated $9.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $9.3m during the year ending 12/2021. While expenses have increased by 2.4% 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
ATLANTIC GOLF CLUB IS A SOCIAL CLUB THE EMBODIES TRADITIONAL VALUES, A SELECT BUT DIVERSE MEMBERSHIP AND WAS FORMED FOR THE ENJOYMENT OF A SUPERB GOLFING EXPERIENCE.
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 |
|---|---|---|---|
Richard E Hartmann Golf Professional | 40 | $551,639 | |
W James Matthers General Manager | Officer | 40 | $344,625 |
Anthony J Stalters Superintendent | Officer | 40 | $210,960 |
Darryl Ford Executive Chef | 40 | $131,735 | |
Veronika Semsakova Controller | 40 | $122,570 | |
Karen Kooi Assistant Manager | 40 | $119,907 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Renee Skidmore Llc Teaching Professional | 12/30/21 | $170,300 |
Sepp Builders Construction | 12/30/21 | $152,874 |
Winfield Solutions Llc Agriculture Solutions | 12/30/21 | $152,201 |
Paul Dickinson Teaching Professional | 12/30/21 | $150,100 |
R&a Consulting Services Consulting | 12/30/21 | $125,000 |
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 | $7,578,275 |
| Investment income | $14,406 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,341 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,753,492 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,357,231 |
| 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. | $653,465 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,327,103 |
| Pension plan accruals and contributions | $98,324 |
| Other employee benefits | $550,663 |
| Payroll taxes | $459,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,579 |
| Fees for services: Accounting | $27,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,872 |
| Advertising and promotion | $0 |
| Office expenses | $465,134 |
| Information technology | $57,375 |
| Royalties | $0 |
| Occupancy | $219,797 |
| Travel | $1,246 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,595 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,605,290 |
| Insurance | $184,920 |
| All other expenses | $0 |
| Total functional expenses | $9,347,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,435 |
| Savings and temporary cash investments | $4,030,746 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $156,804 |
| Loans from Officers, Directors, or Controlling Persons | $37,695 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $204,332 |
| Prepaid expenses and deferred charges | $236,372 |
| Net Land, buildings, and equipment | $32,618,287 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,422,671 |
| Accounts payable and accrued expenses | $130,734 |
| 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 | $4,203,648 |
| Total liabilities | $4,334,382 |
| Net assets without donor restrictions | $33,088,289 |
| 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 | $37,422,671 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Atlantic Golf Club Inc has recieved totaling $6,500.
| Awarding Organization | Amount |
|---|---|
K T Elghanayan Family Foundation New York, NY PURPOSE: CHARITABLE | $5,500 |
Nagle Family Foundation Bronxville, NY PURPOSE: GENERAL OPERATING PURPOSE OF THE CHARITABLE ORGANIZATION | $1,000 |
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 |