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Nonprofiteer
← NANTUCKET GOLF CLUB INC

Form 990 for tax year 2024

Filed by NANTUCKET GOLF CLUB INC.

Totals

Total revenue
$15,092,789
Total expenses
$14,207,447
Contributions and grants received
$11,761,950
Grants paid
$0
Program service revenue
$908,950
Investment income
$472,840
Other revenue
$1,949,049
Total assets, end of year
$50,538,875
Total liabilities, end of year
$8,582,427
Net assets or fund balances, end of year
$41,956,448
Program services expenses (Part IX)
$9,675,696
Management and general expenses
$4,531,751
Fundraising expenses
$0
Program service expenses (Part III)
$9,675,696

Program services were 68.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $11,761,950

  • 2a · Program service revenue: GOLF AND CART INCOME

    total $467,900 · related or exempt $467,900

  • 2b · Program service revenue: COTTAGES INCOME

    total $381,550 · related or exempt $381,550

  • 2c · Program service revenue: LOCKER RENTAL

    total $57,900 · related or exempt $57,900

  • 2d · Program service revenue: OTHER INCOME

    total $1,600 · related or exempt $1,600

  • 3 · Investment income

    total $472,840 · related or exempt $472,840

  • 6a · Gross rents

    real property $51,899

  • 6c · Rental income or loss

    real property $51,899

  • 6d · Net rental income or loss

    total $51,899 · related or exempt $51,899

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $3,158,044

  • 10b · Cost of goods sold

    $1,319,268

  • 10c · Net income from sales of inventory

    total $1,838,776 · related or exempt $1,838,776

  • 11a · Other revenue: HANDICAP AND FINANCE

    total $27,009 · related or exempt $27,009

  • 11b · Other revenue: LICENSE FEES

    total $31,365 · related or exempt $31,365

  • 11e · Other revenue, total

    $58,374

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,004,541 · management and general $1,004,541

  • 7 · Other salaries and wages

    total $5,252,662 · program services $4,934,333 · management and general $318,329

  • 8 · Pension plan contributions

    total $334,620 · program services $31,886 · management and general $302,734

  • 9 · Other employee benefits

    total $503,335 · program services $324,568 · management and general $178,767

  • 10 · Payroll taxes

    total $673,480 · program services $559,034 · management and general $114,446

  • 11b · Fees: legal

    total $32,760 · management and general $32,760

  • 11c · Fees: accounting

    total $54,287 · management and general $54,287

  • 16 · Occupancy

    total $1,204,679 · program services $157,871 · management and general $1,046,808

  • 17 · Travel

    total $123,267 · program services $16,144 · management and general $107,123

  • 19 · Conferences, conventions and meetings

    total $66,523 · program services $55,775 · management and general $10,748

  • 20 · Interest

    total $16,083 · program services $16,083

  • 22 · Depreciation, depletion and amortization

    total $2,251,585 · program services $1,624,931 · management and general $626,654

  • 23 · Insurance

    total $372,909 · program services $41,526 · management and general $331,383

  • 24a · Other expenses: EQUIPMENT RENTAL & MAINT

    total $252,748 · program services $251,722 · management and general $1,026

  • 24b · Other expenses: SUPPLIES

    total $1,325,867 · program services $1,231,324 · management and general $94,543

  • 24c · Other expenses: EDUCATION & DUES

    total $33,120 · program services $14,542 · management and general $18,578

  • 24d · Other expenses: EMPLOYEE RELATIONS

    total $50,917 · program services $8,754 · management and general $42,163

  • 24e · All other expenses

    total $654,064 · program services $407,203 · management and general $246,861

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,498,046 · end of year $1,595,212

  • 2 · Savings and temporary cash investments

    beginning of year $2,294,805 · end of year $1,787,037

  • 4 · Accounts receivable

    beginning of year $162,349 · end of year $160,669

  • 8 · Inventories for sale or use

    beginning of year $826,103 · end of year $811,542

  • 9 · Prepaid expenses and deferred charges

    beginning of year $686,460 · end of year $384,500

  • 10a · Land, buildings and equipment: cost or other basis

    $80,151,989

  • 10b · Land, buildings and equipment: accumulated depreciation

    $37,227,080

  • 10c · Land, buildings and equipment, net

    beginning of year $37,593,157 · end of year $42,924,909

  • 15 · Other assets

    beginning of year $2,630,751 · end of year $2,875,006

  • 17 · Accounts payable and accrued expenses

    beginning of year $903,509 · end of year $791,353

  • 23 · Secured mortgages and notes payable

    beginning of year $5,148,421 · end of year $5,657,763

  • 25 · Other liabilities

    beginning of year $1,874,062 · end of year $2,133,311

  • 31 · Retained earnings, endowment or other funds

    beginning of year $38,765,679 · end of year $41,956,448

Mission and programs · 2024

Mission

PROVIDE GOLF, GOLF TOURNAMENTS AND SOCIAL CLUB FROM MAY TO OCTOBER FOR OVER 300 MEMBERS AND FAMILIES.

  • PROVIDED GOLF, GOLF TOURNAMENTS AND SOCIAL CLUB FROM MAY TO OCTOBER FOR OVER 300 MEMBERS AND THEIR FAMILIES.

    Expenses $9,675,696

As filed on the 2024 return.

Listed in Part VII

  • Douglas D Grip

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Alastair Borthwick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Edmund A Hajim

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • John M Samuels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Laura Hanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Thomas Bresette

    CLUB MANAGERTREASURER

    Total calculated
    $0
    Hours/week
    40

  • Kenneth J Marchetti

    ASSISTANT TREASURERCFO

    Total calculated
    $0
    Hours/week
    4

  • Rebecca Bartlett

    CONTROLLERASST CLERK

    Total calculated
    $0
    Hours/week
    40

  • Mark Lucas

    GOLF COURSE MANAGER

    Total calculated
    $0
    Hours/week
    40

  • Steve Polowy

    EXECUTIVE CHEF

    Total calculated
    $0
    Hours/week
    40

  • Matthew F Hill

    FACILITIES MANAGER

    Total calculated
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349328717

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