Hermitage Members Club Inc
- Assets
- $21.3m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 340
- Location
- Wilmington, VT
- Founding
- Data as of
- 04/2023
- EIN
- 85-0829370
Organization Overview
Hermitage Members Club Inc is located in Wilmington, VT. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. As of 04/2023, Hermitage Members Club Inc employed 340 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hermitage Members 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 04/2023, Hermitage Members Club Inc generated $12.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $7.9m during the year ending 04/2023. While expenses have increased by 6.1% per year over the past 3 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
A PRIVATE SOCIAL CLUB PRIMARILY INVOLVED WITH SKIIING AND SNOWBOARDING DURING THE WINTER MONTHS FOR ITS MEMBERS, BUT OFFERING A RANGE OF OUTDOOR ACTIVITIES DURING THE REMAINING MONTHS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SNOW SPORTS - TO PROVIDE MEMBERS WITH A MULTITUDE OF RECREATIONAL OUTDOOR ACTIVITIES ON OUR PRIVATE 1,400 ACRE RETREAT.
FOOD AND BEVERAGE OPERATIONS - TO PROVIDE MEMBERS AND THEIR GUESTS WITH AN OPPORTUNITY FOR DINING AND SOCIALIZING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Allen Director | Trustee | 5 | $0 |
Alison Chaltas Director | Trustee | 5 | $0 |
Lori Mchugh Director | Trustee | 5 | $0 |
Stuart Kovensky Vice President | OfficerTrustee | 5 | $0 |
Tim Donahue Treasurer | OfficerTrustee | 5 | $0 |
Jeff Koslowsky Board Emeritus | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Springfield Paving Road Paving | 4/29/23 | $262,700 |
Plimpton Excavating Construction - Foundation Work | 4/29/23 | $262,348 |
R Reed Construction Construcion - General Building | 4/29/23 | $226,316 |
Southwork Electric Construction - Electrical | 4/29/23 | $167,672 |
Charlie Waldron Employee Housing | 4/29/23 | $148,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $681,510 |
| 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 | $681,510 |
| Total Program Service Revenue | $11,241,507 |
| Investment income | $152,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $596,924 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$572,076 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,180,959 |
| 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. | $271,827 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,191,315 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $317,017 |
| Fees for services: Management | $5,785 |
| Fees for services: Legal | $26,273 |
| Fees for services: Accounting | $40,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,385 |
| Office expenses | $27,212 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,238,018 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $56,711 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $860,718 |
| Insurance | $263,624 |
| All other expenses | $1,584,667 |
| Total functional expenses | $7,932,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,691,109 |
| Savings and temporary cash investments | $3,797 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $427,011 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $217,037 |
| Prepaid expenses and deferred charges | $22,032 |
| Net Land, buildings, and equipment | $10,834,578 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $119,809 |
| Total assets | $21,315,373 |
| Accounts payable and accrued expenses | $241,675 |
| Grants payable | $0 |
| Deferred revenue | $816,250 |
| 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 | $1,320,666 |
| Total liabilities | $2,378,591 |
| Net assets without donor restrictions | $18,936,782 |
| 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 | $21,315,373 |