Overview
What is Kernwood Country Club?
Kernwood Country Club is a nonprofit organization that provides its members with a range of athletic and recreational facilities, fostering social connections among its membership. The club is committed to maintaining a clubhouse for the exclusive use of its members, offering them a space for social interaction. Kernwood Country Club's mission is centered around enhancing its members' leisure time by offering tax-exempt activities.
Official website here: www.kernwood.org
Is Kernwood Country Club legitimate?
Kernwood Country Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Kernwood Country Club submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $487,344
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,753,527
For more financial information, click here
Official website here: www.kernwood.org
What is the mission statement of Kernwood Country Club?
Kernwood Country Club serves the purpose of providing athletic and recreational facilities for its members. The club aims to foster social interactions among its members and maintains a clubhouse for their use. Its primary objective is to cater to the leisure interests of its members, promoting camaraderie and offering a space for social gatherings. The club also offers tax-exempt club activities, indicating its commitment to providing enjoyable and engaging experiences for its members.
Official website here: www.kernwood.org
What is the revenue of Kernwood Country Club?
Kernwood Country Club's revenue in 2023 was $7,322,654.
Official website here: www.kernwood.org
Who are the executives of Kernwood Country Club and what are their salaries?
The average compensation at Kernwood Country Club during 2023 was $20,512. There are 158 employees and 11 volunteers at Kernwood Country Club.
Here are 15 key members and their salaries:
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- Compensation: $173,500
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- Other: $24,743
- Compensation: $280,000
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- Other: $9,101
- Compensation: $163,054
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- Other: $27,444
- Compensation: $143,524
- Related: $0
- Other: $10,326
Official website here: www.kernwood.org
Where can I find the form 990 for Kernwood Country Club?
Kernwood Country Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kernwood.org
Learn more at the official website: www.kernwood.org
Mission Statement of Kernwood Country Club
Kernwood Country Club, a renowned establishment, is devoted to providing its members with an array of athletic and recreational facilities. Its primary mission is to foster social interaction among its members, creating a sense of camaraderie and unity within the community. Additionally, the club maintains a clubhouse, a central hub where members can gather and engage in various activities. Beyond these core functions, Kernwood Country Club also offers tax-exempt club activities, further enhancing the membership experience.
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Impact
October, 2024
Kernwood Country Club plays a significant role in enhancing the community by providing a space for athletic and recreational activities that foster social interactions among its members. Located in Salem, MA, the club offers a variety of facilities designed to promote physical fitness and well-being, including golf courses, tennis courts, and other recreational amenities.
The club environment encourages members to engage with one another, building relationships and a sense of belonging. This social component is fundamental, as it enhances community ties and provides a venue where individuals can forge meaningful connections. Furthermore, the clubhouse serves as a central hub for events and gatherings, reinforcing the club's mission to create a welcoming atmosphere for its members.
By focusing on recreation and social engagement, Kernwood Country Club contributes positively to the local community, promoting a healthy lifestyle while cultivating a vibrant social network.
This information is meant to be a general summary of Kernwood Country Club. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,185
- Program Service Revenue: $5,063,483
- Gross Receipts: $8,031,400
Assets and Liabilities:
- Total Assets: $10,465,380
- Total Liabilities: $2,643,280
- Net Assets: $7,822,100
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$3,515,438
SPECIAL ASSESSMENTS
Revenue
$619,715
OPERATING ASSESSMENT
Revenue
$468,080
ENTRANCE FEES
Revenue
$460,250
Organization Details
Founding Year
1914
Principal Officer
Stephen Solomon
Website
www.kernwood.orgNTEE Category
Code: N50 - Recreation
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