Overview
What is Golf Club Of Purchase Inc?
Golf Club of Purchase Inc, established under New York state law, serves as a private recreational golf club catering to the leisure and relaxation of its members, their families, and guests. The club's primary facility is an 18-hole golf course designed by Jack Nicklaus, which remains open year-round for the enjoyment of its members and guests. With a team of 75 employees, the club also maintains a clubhouse and golf grounds to foster a sense of community among its members. Its mission is to provide lawful recreation and entertainment, ensuring a diverse range of activities for the members' benefit and pleasure.
Is Golf Club Of Purchase Inc legitimate?
Golf Club Of Purchase Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Golf Club Of Purchase 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: $1,220,021
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,574,334
For more financial information, click here
What is the mission statement of Golf Club Of Purchase Inc?
The Golf Club of Purchase Inc, established under New York state's not-for-profit corporation law, operates as a private recreational golf club mainly for the enjoyment of its members, their families, and guests. It is financially sustained through membership dues, fees, and charges for utilizing the facilities. The club's primary objective is to maintain a clubhouse and golf grounds, fostering a social atmosphere among its members. This environment enables members to engage in lawful recreational activities, ultimately serving for their advancement, benefit, diversion, or pleasure. The club's notable achievements include its Jack Nicklaus signature 18-hole golf course and facilities, available year-round for the enjoyment of its members and their guests.
Who is the CEO of Golf Club Of Purchase Inc?
Michael Rankowitz is the President of Golf Club Of Purchase Inc.
What is the revenue of Golf Club Of Purchase Inc?
Golf Club Of Purchase Inc's revenue in 2022 was $5,879,905.
Who are the executives of Golf Club Of Purchase Inc and what are their salaries?
The average compensation at Golf Club Of Purchase Inc during 2022 was $37,258. There are 75 employees and 9 volunteers at Golf Club Of Purchase Inc.
Here are 16 key members and their salaries:
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- Compensation: $265,000
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- Other: $8,914
- Compensation: $240,000
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- Other: $9,032
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- Other: $1,500
- Compensation: $145,471
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- Other: $11,583
- Compensation: $137,112
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- Other: $6,821
Where can I find the form 990 for Golf Club Of Purchase Inc?
Golf Club Of Purchase Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Golf Club Of Purchase Inc
The Golf Club of Purchase Inc, established under New York State's not-for-profit corporation law, was primarily formed to serve as a private recreational golf club. Its purpose is to cater to the leisure and enjoyment of its members, their families, and guests. The club is financially sustained through membership dues, fees, and charges associated with the utilization of its facilities.
The Golf Club of Purchase Inc maintains a clubhouse and golf grounds with the aim of fostering a social spirit among its members. By providing lawful recreational opportunities, the club aims to offer its members various means of advancement, benefit, diversion, or pleasure. The club's premier Jack Nicklaus signature eighteen-hole golf course and facilities are open year-round for the exclusive use and enjoyment of its members and their guests. These facilities serve as a testament to the club's commitment to providing its members with a first-class recreational experience.
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Impact
October, 2024
Golf Club Of Purchase Inc significantly impacts the local community and its members by providing an exclusive space for recreation and social engagement. The club features a premier Jack Nicklaus signature eighteen-hole golf course, which serves as a centerpiece for both leisure and competitive play year-round.
By offering top-tier golf facilities, the club creates an environment conducive to physical activity, fostering a healthy lifestyle among its members and their families. The clubhouse and golf grounds are designed to cultivate a communal spirit, encouraging social interaction and networking among members. This not only enhances individual well-being but also strengthens community ties.
Financially, the club operates through membership dues and fees, contributing to the local economy. The funds generated are reinvested into maintaining and improving the facilities, ensuring that members consistently benefit from high-quality services. Overall, Golf Club Of Purchase Inc plays a vital role in promoting recreational activities and social cohesion within the Purchase community.
This information is meant to be a general summary of Golf Club Of Purchase 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,411
- Program Service Revenue: $6,244,398
- Gross Receipts: $7,696,185
Assets and Liabilities:
- Total Assets: $35,261,045
- Total Liabilities: $1,466,847
- Net Assets: $33,794,198
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER DUES
Revenue
$5,362,996
INITIATION FEES
Revenue
$366,000
GREEN FEES
Revenue
$360,445
GOLF CART RENTALS
Revenue
$154,957
Organization Details
Founding Year
1992
Phone
(914) 328-5047Principal Officer
Michael Rankowitz
Main Address
10 COUNTRY CLUB DRIVE, PURCHASE, NY, 10577
NTEE Category
Code: N50 - Recreation
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