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Nantucket Golf Club Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043282515 ✦ New york, NY ✦ Designated as a 501(c)(7)

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Overview

What is Nantucket Golf Club Inc?

Nantucket Golf Club Inc, located in Siasconset, Massachusetts, serves as a nonprofit organization that caters to over 300 members and their families from May to October. Their primary focus is on providing an enjoyable golfing experience, hosting tournaments, and fostering a social club atmosphere. With a staff of 180 individuals, the club offers a plethora of activities that contribute to a vibrant community during the summer months.


Official website here: www.nantucketgolfclub.org

Is Nantucket Golf Club Inc legitimate?

Nantucket Golf Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Nantucket Golf Club Inc 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: $1,068,758
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,671,526

For more financial information, click here


Official website here: www.nantucketgolfclub.org

What is the mission statement of Nantucket Golf Club Inc?

The Nantucket Golf Club Inc is dedicated to providing a golfing experience, along with golf tournaments and a social club, catering to over 300 members and their families from May to October. Their primary activity involves offering a golfing environment, hosting tournaments, and fostering a social atmosphere during this period. While the information provided does not detail an explicit mission statement, it can be inferred that their purpose is to create an enjoyable golfing experience and a sense of community for their members.


Official website here: www.nantucketgolfclub.org

What is the revenue of Nantucket Golf Club Inc?

Nantucket Golf Club Inc's revenue in 2023 was $10,365,902.


Official website here: www.nantucketgolfclub.org

Who are the executives of Nantucket Golf Club Inc and what are their salaries?

The average compensation at Nantucket Golf Club Inc during 2023 was $32,615. There are 176 employees at Nantucket Golf Club Inc.

Here are 11 key members and their salaries:


Thomas Bresette (Club Managertreasurer)
  • Compensation: $564,199
  • Related: $0
  • Other: $69,384
Mark Lucas (Golf Course Manager)
  • Compensation: $309,838
  • Related: $0
  • Other: $63,145
Mike Demakos (Golf Professional)
  • Compensation: $294,838
  • Related: $0
  • Other: $72,197
Rebecca Bartlett (Controllerasst Clerk)
  • Compensation: $215,622
  • Related: $0
  • Other: $40,953
Kenneth J Marchetti (Assistant Treasurercfo)
  • Compensation: $40,082
  • Related: $0
  • Other: $0
John M Samuels (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alastair Borthwick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas D Grip (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edmund A Hajim (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew F Hill (Facilities Manager)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Polowy (Executive Chef)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nantucketgolfclub.org

Where can I find the form 990 for Nantucket Golf Club Inc?

Nantucket Golf Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.nantucketgolfclub.org

Learn more at the official website: www.nantucketgolfclub.org

Mission Statement of Nantucket Golf Club Inc

Nantucket Golf Club Inc, a renowned organization, is dedicated to providing a golfing experience, hosting golf tournaments, and offering a social club for its members and their families from May to October. The club caters to over 300 individuals, offering them an opportunity to enjoy golfing activities and build a sense of community. The mission of Nantucket Golf Club Inc is to create a welcoming environment where members can engage in recreational golfing, participate in tournaments, and enjoy social interactions throughout the summer months.

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Impact




October, 2024

Nantucket Golf Club Inc plays a significant role in the Siasconset community by providing a vibrant golf and social environment for over 300 members and their families. Operating from May to October, the club offers recreational opportunities that foster camaraderie and community engagement through golf tournaments and social events. This not only enhances the members' recreational experiences but also helps to strengthen relationships within the community, promoting a sense of belonging and shared enjoyment of the outdoors. The club's activities contribute to local tourism and the economy, creating a positive impact on the region beyond just its members.




This information is meant to be a general summary of Nantucket Golf Club Inc. 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.

Revenue
$10,365,902 (2023)
Expenses
$13,120,428 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $555,898
  • Program Service Revenue: $1,023,930
  • Gross Receipts: $11,895,218

Assets and Liabilities:

  • Total Assets: $42,246,015
  • Total Liabilities: $7,110,810
  • Net Assets: $35,135,205

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

GOLF AND CART INCOME

Revenue

$448,465

COTTAGES INCOME

Revenue

$509,350

LOCKER RENTAL

Revenue

$57,600

OTHER INCOME

Revenue

$8,515

Organization Details

Founding Year

1995

Principal Officer

Edmund A Hajim

NTEE Category

Code: N50 - Recreation

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