Civic Intelligence

Wellesley Country Club

EIN 04-1956640 • 501(c)7 • Wellesley, MA

Profile

Providing social and recreation activities for approximately 790 families and their guest including dining, golf, tennis, pool and fitness.

300 Wellesley AvenueWellesley, MA 02481

www.wellesleycc.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

40th percentile

0.23x

Higher debt load relative to assets than 40% of similar nonprofits.

501(c)7 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

37th percentile

0.62x

Higher debt load relative to revenue than 37% of similar nonprofits.

501(c)7 • $50M-$100M nonprofits • Source year 2024

Net Margin

86th percentile

18%

Higher net margin than 86% of similar nonprofits.

501(c)7 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

36th percentile

$425,891

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

501(c)7 • $50M-$100M nonprofits • Source year 2024

Asset Growth

29th percentile

2.5%

Faster asset growth than 29% of similar nonprofits.

501(c)7 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

7.9%

Faster revenue growth than 41% of similar nonprofits.

501(c)7 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$58,251,322

Up $1,418,799 (+2.5%) from 2023

Liabilities

Down

$13,550,679

Down $2,452,434 (-15%) from 2023

Net Assets

Up

$44,700,643

Up $3,871,233 (+9.5%) from 2023

Revenue

Up

$21,915,173

Up $1,601,914 (+7.9%) from 2023

Expenses

Up

$17,918,615

Up $782,274 (+4.6%) from 2023

Net Income

Up

$3,996,558

Up $819,640 (+26%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $31,363,918Liabilities 2010: $17,248,759Net Assets 2010: $14,115,1592010Assets 2011: $32,168,428Liabilities 2011: $17,240,677Net Assets 2011: $14,927,7512011Assets 2012: $32,735,714Liabilities 2012: $16,988,613Net Assets 2012: $15,747,1012012Assets 2013: $33,829,097Liabilities 2013: $16,662,126Net Assets 2013: $17,166,9712013Assets 2014: $36,919,715Liabilities 2014: $17,763,499Net Assets 2014: $19,156,2162014Assets 2015: $37,207,476Liabilities 2015: $16,527,232Net Assets 2015: $20,680,2442015Assets 2016: $37,629,046Liabilities 2016: $15,734,828Net Assets 2016: $21,894,2182016Assets 2017: $38,678,674Liabilities 2017: $15,450,440Net Assets 2017: $23,228,2342017Assets 2018: $41,055,527Liabilities 2018: $15,113,813Net Assets 2018: $25,941,7142018Assets 2019: $44,391,544Liabilities 2019: $16,382,311Net Assets 2019: $28,009,2332019Assets 2020: $50,068,289Liabilities 2020: $19,202,323Net Assets 2020: $30,865,9662020Assets 2021: $56,156,506Liabilities 2021: $21,079,882Net Assets 2021: $35,076,6242021Assets 2022: $55,523,277Liabilities 2022: $17,773,291Net Assets 2022: $37,749,9862022Assets 2023: $56,832,523Liabilities 2023: $16,003,113Net Assets 2023: $40,829,4102023Assets 2024: $58,251,322Liabilities 2024: $13,550,679Net Assets 2024: $44,700,6432024

Highlighted filing

2024

Assets$58,251,322
Liabilities$13,550,679
Net Assets$44,700,643

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0Expenses 2010: $9,577,0382010Revenue 2011: $10,697,037Expenses 2011: $9,495,151Net Income 2011: $1,201,8862011Expenses 2012: $9,584,0482012Revenue 2013: $11,283,922Expenses 2013: $9,736,570Net Income 2013: $1,547,3522013Revenue 2014: $11,711,968Expenses 2014: $9,602,739Net Income 2014: $2,109,2292014Revenue 2015: $11,955,373Expenses 2015: $10,326,364Net Income 2015: $1,629,0092015Revenue 2016: $11,862,331Expenses 2016: $10,603,370Net Income 2016: $1,258,9612016Revenue 2017: $12,406,806Expenses 2017: $10,923,801Net Income 2017: $1,483,0052017Revenue 2018: $14,665,754Expenses 2018: $11,727,304Net Income 2018: $2,938,4502018Revenue 2019: $14,280,502Expenses 2019: $12,025,498Net Income 2019: $2,255,0042019Revenue 2020: $14,858,111Expenses 2020: $11,798,914Net Income 2020: $3,059,1972020Revenue 2021: $17,929,658Expenses 2021: $13,546,523Net Income 2021: $4,383,1352021Revenue 2022: $17,353,733Expenses 2022: $14,597,883Net Income 2022: $2,755,8502022Revenue 2023: $20,313,259Expenses 2023: $17,136,341Net Income 2023: $3,176,9182023Revenue 2024: $21,915,173Expenses 2024: $17,918,615Net Income 2024: $3,996,5582024

Highlighted filing

2024

Revenue$21,915,173
Expenses$17,918,615
Net Income$3,996,558

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$58.3$13.6$44.7$21.9$17.9$4.00
2023Detailed filing. Detailed filing data is available for this year.$56.8$16.0$40.8$20.3$17.1$3.18
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.5$17.8$37.7$17.4$14.6$2.76
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.2$21.1$35.1$17.9$13.5$4.38
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.1$19.2$30.9$14.9$11.8$3.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.4$16.4$28.0$14.3$12.0$2.26
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.1$15.1$25.9$14.7$11.7$2.94
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.7$15.5$23.2$12.4$10.9$1.48
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.6$15.7$21.9$11.9$10.6$1.26
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.2$16.5$20.7$12.0$10.3$1.63
2014Detailed filing. Detailed filing data is available for this year.$36.9$17.8$19.2$11.7$9.60$2.11
2013Detailed filing. Detailed filing data is available for this year.$33.8$16.7$17.2$11.3$9.74$1.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.7$17.0$15.7$9.58
2011Summary only. Only limited summary data is available for this year.$32.2$17.2$14.9$10.7$9.50$1.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.4$17.2$14.1$9.58
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 19, 2025
Return Version
2024v5.1
Gross Receipts
$24,546,295
Mission and Program Overview

Mission

Providing social and recreation activities for approximately 790 families and their guest including dining, golf, tennis, pool and fitness.

Providing social and recreational activities for approximately 809 families and their guest including dining, golf, tennis, pool and fitness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$48,782,619$49,854,367▲ $1,071,748
Savings and Temporary Cash Investments$5,712,483$5,953,828▲ $241,345
Accounts Receivable$942,944$907,624▼ $35,320
Prepaid Expenses and Deferred Charges$569,896$630,986▲ $61,090
Inventories for Sale or Use$434,425$421,206▼ $13,219
Investments Other Securities$389,356$404,816▲ $15,460
Cash and Non-Interest-Bearing Accounts$800$800→ $0
Total Assets$56,832,523$58,251,322▲ $1,418,799
Other Assets Total$0$77,695▲ $77,695
Liabilities
Other Liabilities$6,148,069$5,065,030▼ $1,083,039
Mortgage Notes Payable Secured by Investment Property$6,087,434$4,852,200▼ $1,235,234
Deferred Revenue$2,021,836$2,137,686▲ $115,850
Accounts Payable and Accrued Expenses$1,745,774$1,495,763▼ $250,011
Total Liabilities$16,003,113$13,550,679▼ $2,452,434
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$40,829,410$44,700,643▲ $3,871,233
Total Net Assets Fund Balance$40,829,410$44,700,643▲ $3,871,233
Total Liabilities and Net Assets / Fund Balance$56,832,523$58,251,322▲ $1,418,799

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$37,843,803$11,970,721$49,814,524
Other Land Buildings$7,882,286$5,000,062$12,882,348
Equipment$3,140,867$8,837,914$11,978,781
Land$987,411-$987,411
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian LynchGeneral ManagerFT$349,654$76,237$425,891
William GustusCFO/COOFT$226,864$56,237$283,101
William SansoneDirector of Golf Course OperationsFT$228,347$47,237$275,584
Paul FairchildDirector of RacquetsFT$252,255$6,979$259,234
Hal JacobsDirector of GolfFT$208,694$40,093$248,787
Matheus CoelhoExecutive ChefFT$204,737$43,405$248,142
Nicholas ConstantinouAsst. General ManagerFT$178,892$32,874$211,766

Board Members and Trustees

NameTitle
Ruth MallettPresident
Steven SexenyFirst Vice President
Anthony AbateSecond Vice President
Andrew DrayerGovernor
Anne HallGovernor
Carolyn SpanglerGovernor
Elizabeth DawsonGovernor
Gary ToddGovernor
Jeff TeschkeGovernor
Kathy SmithGovernor
Lisa CollinsGovernor
Stephanie MastrianniGovernor
Susan HillGovernor
Ann Marie GrossSecretary
William McmahonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ce FloydConstruction Services135 SOUTH ROAD, Bedford, MA 01730$1,221,865
Martignetti Construction LLCConstruction Services304 CAMBRIDGE ROAD STE 420, Woburn, MA 01801$213,339
Bp Cleaning ServicesFacility Cleaning Services86 LAWRENCE STREET, Northborough, MA 01532$201,989
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$13,855,685
Investment Income
$666,422
Other Revenue
$7,393,066
Change in Net Assets
$3,996,558

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,894,832
Revenue Not Reported on Financial Statements
$20,341
Revenue Not Reported on Form 990
$2,631,122
Other Revenue Adjustments
$20,341
Total Revenue per Audited Statements
$24,525,954
Total Revenue per Form 990
$21,915,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,818,099
Other Expenses$7,100,516
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$7,935,675
Depreciation Depletion---$2,412,464
Fees for Services Other---$1,245,904
Occupancy---$1,083,665
Other Employee Benefits---$1,036,318
Current Officers, Directors, Trustees, and Key Employees---$984,576
Payroll Taxes---$811,039
Other Expenses---$333,868
Insurance---$306,191
Interest---$268,215
All Other Expenses---$152,072
Office Expenses---$91,773
Pension Plan Contributions---$50,491
Fees for Services Accounting---$31,750
Total Functional Expenses$0$0$0$17,918,615

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$20,549,737
Expenses per Audited Statements$17,918,615
Total Expenses per Form 990$17,918,615
Expenses Not Reported on Form 990$2,631,122
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable 10 Year Plan Assessment$3,495,439
Refundable Clubhouse Assessment$1,491,896
Operating Lease Rou Assets$77,695
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The wellesley country club (the "club") was incorporated as a membership organization.

Form 990, Part VI, Section A, Line 7A

The nominating committee of the board presents a slate of the active membership for a vote at the annual meeting.

Form 990, Part VI, Section A, Line 7B

Changes to the club's by-laws, election of the board of governors, long term debt, any action requiring assessment and bank borrowings are subject to approval by the members.

Form 990, Part VI, Section B, Line 11B

The form 990 will be presented to the treasurer and finance committee who in turn will present the form 990 to the board for review prior to filing.

Form 990, Part VI, Section B, Line 12C

Key employees, board members and committee members all sign conflict of interest policy on an annual basis.

Form 990, Part VI, Section B, Line 15

Compensation is compared with sister clubs, use of comparative data, then reviewed and approved by the president and treasurer. The club does not compensate any officers and/or governors.

Form 990, Part VI, Section C, Line 19

The club does not make its governing documents, conflict of interest policy and financial statements available to the general public.

Filing and Contact Details

Filer

Filer Name
Wellesley Country Club
EIN
04-1956640
Phone
7812357333
Address
300 WELLESLEY AVENUE, WELLESLEY, MA 02481

Signing Officer

Name
William Mcmahon
Title
Treasurer
Phone
7812357333
Signed
2025-03-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Mcmahon
Formed
1910
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
15
Employees
385
Volunteers
75

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004
Preparer
Alexander Lazzaruolo
Phone
2126617777
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Decrease in certificate of ownership -104,984. Gain/loss on def. Comp investment income -20,341.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 2,631,122.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Def. Comp investment income 20,341.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 2,631,122.

Raw XML AppendixShowing 400 of 639 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0PROVIDING SOCIAL AND RECREATIONAL ACTIVITIES FOR APPROXIMATELY 809 FAMILIES AND THEIR GUEST INCLUDING DINING, GOLF, TENNIS, POOL AND FITNESS.
IRS990/AllOtherExpensesGrp/TotalAmt0152072
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IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR OF RACQUETS
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR OF GOLF
IRS990/Form990PartVIISectionAGrp/TitleTxt20EXECUTIVE CHEF
IRS990/Form990PartVIISectionAGrp/TitleTxt21ASST. GENERAL MANAGER
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