Saratoga Golf & Polo Club Inc
- Assets
- $6.5m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 133
- Location
- Saratoga Springs, NY
- Founding
- 11/1963
- Data as of
- 12/2023
- EIN
- 14-1034870
Organization Overview
Saratoga Golf & Polo Club Inc is located in Saratoga Springs, NY. The organization was established in 1963. 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 12/2023, Saratoga Golf & Polo Club Inc employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saratoga Golf & Polo 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 12/2023, Saratoga Golf & Polo Club Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A VARIETY OF SOCIAL AND SPORTING ACTIVITIES TO ITS' MEMBERS INCLUDING, GOLF, TENNIS, POOL, CABANA AND FINE DINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF PRIVATE GOLF COURSE - DURING THE YEAR THE CLUB MAINTAINED A PRIVATE GOLF COURSE WHICH BENEFITTED APPROXIMATELY 375 MEMBERS.
OPERATION OF TENNIS AND POOL FACILITY - DURING THE YEAR THE CLUB MAINTAINED TENNIS AND POOL FACILITIES WHICH BENEFITTED APPROXIMATELY 360 MEMBERS.
OPERATION OF RESTAURANT AND BAR - DURING THE YEAR THE CLUB MAINTAINED A RESTAURANT AND BAR WHICH BENEFITTED APPROXIMATELY 360 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Lecain Director | Trustee | 5 | $0 |
Matt Chivers Director | Trustee | 5 | $0 |
Angie Miczek Director | Trustee | 5 | $0 |
Mike Trager Director | Trustee | 5 | $0 |
Jennifer Quinlan Director | Trustee | 5 | $0 |
Liz Byrne-Chartrand Director | Trustee | 5 | $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 | $2,553,653 |
| Investment income | $4,574 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,000 |
| 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 | -$288,691 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,555,704 |
| 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. | $141,666 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $812,402 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $78,644 |
| Payroll taxes | $105,231 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $515 |
| Fees for services: Accounting | $19,444 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,237 |
| Office expenses | $102,660 |
| 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 | $149,819 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $351,046 |
| Insurance | $97,820 |
| All other expenses | $351,296 |
| Total functional expenses | $2,741,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $450,214 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $252,488 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $161,752 |
| Prepaid expenses and deferred charges | $113,671 |
| Net Land, buildings, and equipment | $5,137,815 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $371,315 |
| Total assets | $6,487,255 |
| Accounts payable and accrued expenses | $124,526 |
| 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 | $3,931,114 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $398,150 |
| Total liabilities | $4,453,790 |
| Net assets without donor restrictions | $1,564,181 |
| Net assets with donor restrictions | $469,284 |
| 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 | $6,487,255 |