Civic Intelligence

Sakonnet Point Club Inc

990 • Fiscal year 2019 • EIN 05-0496668

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

11 Bluff Head AvenueLittle Compton, RI 02837

(401) 635-2582

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.79x

Higher debt load relative to assets than 88% of similar nonprofits.

2019 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

95th percentile

4.22x

Higher debt load relative to revenue than 95% of similar nonprofits.

2019 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2019

Net Margin

55th percentile

2.4%

Higher net margin than 55% of similar nonprofits.

2019 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

62nd percentile

$166,764

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 12.9% of source-year revenue.

2019 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2019

Asset Growth

49th percentile

0.0%

Faster asset growth than 49% of similar nonprofits.

2019 filings • 501(c)7 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

15th percentile

-8.5%

Faster revenue growth than 15% of similar nonprofits.

2019 filings • 501(c)7 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$6,911,861

Up $1,883 (+0.0%) from 2018

Net Assets

Down

$1,469,536

Down $541,216 (-27%) from 2018

Liabilities

Up

$5,442,325

Up $543,099 (+11%) from 2018

Revenue

Down

$1,290,675

Down $119,190 (-8.5%) from 2018

Expenses

Up

$1,259,608

Up $41,729 (+3.4%) from 2018

Net Income

Down

$31,067

Down $160,919 (-84%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $8,345,467Liabilities 2011: $7,188,014Net Assets 2011: $1,157,4532011Assets 2012: $8,095,721Liabilities 2012: $6,711,484Net Assets 2012: $1,384,2372012Assets 2013: $7,840,850Liabilities 2013: $6,368,916Net Assets 2013: $1,471,9342013Assets 2014: $7,467,413Liabilities 2014: $5,938,039Net Assets 2014: $1,529,3742014Assets 2015: $7,284,157Liabilities 2015: $5,556,923Net Assets 2015: $1,727,2342015Assets 2016: $7,088,951Liabilities 2016: $5,303,920Net Assets 2016: $1,785,0312016Assets 2017: $7,000,799Liabilities 2017: $5,182,033Net Assets 2017: $1,818,7662017Assets 2018: $6,909,978Liabilities 2018: $4,899,226Net Assets 2018: $2,010,7522018Assets 2019: $6,911,861Liabilities 2019: $5,442,325Net Assets 2019: $1,469,5362019Assets 2020: $7,617,258Liabilities 2020: $6,144,074Net Assets 2020: $1,473,1842020Assets 2021: $8,428,940Liabilities 2021: $6,509,840Net Assets 2021: $1,919,1002021Assets 2022: $8,588,800Liabilities 2022: $7,749,263Net Assets 2022: $839,5372022Assets 2023: $8,535,098Liabilities 2023: $7,642,800Net Assets 2023: $892,2982023Assets 2024: $8,110,583Liabilities 2024: $7,739,123Net Assets 2024: $371,4602024

Highlighted filing

2019

Assets$6,911,861
Liabilities$5,442,325
Net Assets$1,469,536

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $1,496,233Expenses 2011: $1,063,073Net Income 2011: $433,1602011Revenue 2012: $1,237,551Expenses 2012: $1,010,769Net Income 2012: $226,7822012Revenue 2013: $1,185,698Expenses 2013: $1,098,001Net Income 2013: $87,6972013Revenue 2014: $1,309,437Expenses 2014: $1,038,688Net Income 2014: $270,7492014Revenue 2015: $1,287,493Expenses 2015: $1,089,633Net Income 2015: $197,8602015Revenue 2016: $1,192,362Expenses 2016: $1,134,565Net Income 2016: $57,7972016Revenue 2017: $1,174,780Expenses 2017: $1,141,045Net Income 2017: $33,7352017Revenue 2018: $1,409,865Expenses 2018: $1,217,879Net Income 2018: $191,9862018Revenue 2019: $1,290,675Expenses 2019: $1,259,608Net Income 2019: $31,0672019Revenue 2020: $1,282,488Expenses 2020: $1,278,840Net Income 2020: $3,6482020Revenue 2021: $1,768,082Expenses 2021: $1,322,166Net Income 2021: $445,9162021Revenue 2022: $1,549,337Expenses 2022: $1,388,422Net Income 2022: $160,9152022Revenue 2023: $1,563,174Expenses 2023: $1,537,542Net Income 2023: $25,6322023Revenue 2024: $1,341,509Expenses 2024: $1,877,410Net Income 2024: -$535,9012024

Highlighted filing

2019

Revenue$1,290,675
Expenses$1,259,608
Net Income$31,067
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.1
Gross Receipts
$2,564,816
Mission and Program Overview

Mission

Founded in 1998 to revitalize an historic harbor property and to preserve its storied heritage, the sakonnet point club's mission is to provide members and their guests access to sakonnet waters, as well as offer quality, complementary activities such as boating, swimming, exercising, dining and socializing in setting of unmatched harbor and ocean views. The club is fully committed to maintaining a relaxed, family focused and welcoming atmosphere, and managing its financial affairs in a responsible manner.

Founded in 1998 to revitalize a historic harbor property and to preserve its storied heritage, the sakonnet point club's mission is to provide members and their guests access to sakonnet waters, as well as offer quality, complementary activities such as boating, swimming, exercising, dining and socializing in a setting of unmatched harbor and ocean views. The club is fully committed to maintaining a relaxed, family focused and welcoming atmosphere, and managing its financial affairs in a responsible manner.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,305,801$6,159,759▼ $146,042
Cash and Non-Interest-Bearing Accounts$198,281$242,369▲ $44,088
Accounts Receivable$156,499$199,202▲ $42,703
Prepaid Expenses and Deferred Charges$173,854$192,832▲ $18,978
Inventories for Sale or Use$52,842$58,937▲ $6,095
Intangible Assets$21,201$57,262▲ $36,061
Investments Other Securities$1,500$1,500→ $0
Total Assets$6,909,978$6,911,861▲ $1,883
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,751,486$4,774,788▲ $23,302
Deferred Revenue$45,674$537,747▲ $492,073
Accounts Payable and Accrued Expenses$88,375$121,702▲ $33,327
Other Liabilities$13,691$8,088▼ $5,603
Total Liabilities$4,899,226$5,442,325▲ $543,099
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,010,752$1,469,536▼ $541,216
Total Net Assets Fund Balance$2,010,752$1,469,536▼ $541,216
Total Liabilities and Net Assets / Fund Balance$6,909,978$6,911,861▲ $1,883

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,090,091$1,573,540$5,663,631
Other Land Buildings$1,300,618$826,335$2,126,953
Land$444,086-$444,086
Equipment$152,659$279,469$432,128
Leasehold Improvements$172,305$144,267$316,572
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Demott CraigClub ManagerFT$158,957$7,807$166,764

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,527,898
Investment Income
$948
Other Revenue
$-238,171
Change in Net Assets
$31,067

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,289,727
Revenue Not Reported on Financial Statements
$948
Revenue Not Reported on Form 990
$1,274,141
Other Revenue Adjustments
$948
Total Revenue per Audited Statements
$2,563,868
Total Revenue per Form 990
$1,290,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$927,561
Salaries, Compensation, and Employee Benefits$332,047
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$202,655
Current Officers, Directors, Trustees, and Key Employees---$158,957
Fees for Services Other---$147,441
Other Salaries and Wages---$117,680
Occupancy---$105,508
Interest---$93,878
Insurance---$57,522
All Other Expenses---$34,634
Other Employee Benefits---$34,419
Other Expenses---$24,749
Payroll Taxes---$20,991
Advertising---$15,555
Office Expenses---$7,015
Travel---$2,090
Total Functional Expenses$0$0$0$1,259,608

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,532,801
Expenses Not Reported on Form 990$1,274,141
Total Expenses per Form 990$1,259,608
Expenses per Audited Statements$1,258,660
Expenses Not Reported on Financial Statements$948
Other Expense Adjustments$948
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
Sales Tax Payable$7,874
Other Liabilities$214
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has members who elect the members of the governing body, and who approve significant decisions of the governing body.

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

The club's members have the authority to elect members of the board.

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

The 990 is reviewed and approved by the treasurer and audit subcommittee of the board.

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

The conflict of interest policy is distributed annually to the board to sign in order to ensure that there are no relationships that exist which are inappropriate for the organization at the first board meeting after the annual meeting.

Form 990, Part VI, Section B, Line 15A

The club's general manager's compensation decision process is subject to independent approval.

Form 990, Part VI, Section C, Line 19

The organization does not make its financial statments/governing documents/conflict of interest policy available to the general public. The financial statments and all other documents are available for members to view upon request, by appointment only, and within 24 hours of the request.

Filing and Contact Details

Filer

Filer Name
Sakonnet Point Club
EIN
05-0496668
Phone
4016352582
Address
11 BLUFF HEAD AVENUE, LITTLE COMPTON, RI 02837

Signing Officer

Name
Scott a Morrison
Title
President
Phone
4016352582
Signed
2020-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott a Morrison
Formed
1998
Legal Domicile
Ri
Voting Board Members
15
Independent Board Members
15
Employees
90
Volunteers
0

Preparer

Firm
PKF O'CONNOR DAVIES LLP
Address
40 WESTMINSTER STREET SUITE 600, PROVIDENCE, RI 02903
Preparer
Kerri Rawcliffe
Phone
4016216200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other fees-progserv-990 147,441.

FORM 990, PART XI, LINE 9:

Adoption of asc 606 -572,283.

Form 990, Part XI, Item 2C

The organization's finance committee has direct oversight and responsibility for the selection of its outside cpa, as well as its annual financial statement audit. There was no change in this process from the prior year.

Financial Statement Notes

PART X, LINE 2:

The club recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the club had no uncertain tax positions that would require financial statement recognition or disclosure.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 1,274,141.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Interest income netted with expenses on financial statements. 948.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 1,274,141.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Interest income netted with expenses on financial statements. 948.

Raw XML AppendixShowing 400 of 497 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.

Path#Value
IRS990/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt088375
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0121702
IRS990/AccountsReceivableGrp/BOYAmt0156499
IRS990/AccountsReceivableGrp/EOYAmt0199202
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0FOUNDED IN 1998 TO REVITALIZE A HISTORIC HARBOR PROPERTY AND TO PRESERVE ITS STORIED HERITAGE, THE SAKONNET POINT CLUB'S MISSION IS TO PROVIDE MEMBERS AND THEIR GUESTS ACCESS TO SAKONNET WATERS, AS WELL AS OFFER QUALITY, COMPLEMENTARY ACTIVITIES SUCH AS BOATING, SWIMMING, EXERCISING, DINING AND SOCIALIZING IN A SETTING OF UNMATCHED HARBOR AND OCEAN VIEWS. THE CLUB IS FULLY COMMITTED TO MAINTAINING A RELAXED, FAMILY FOCUSED AND WELCOMING ATMOSPHERE, AND MANAGING ITS FINANCIAL AFFAIRS IN A RESPONSIBLE MANNER.
IRS990/AdvertisingGrp/TotalAmt015555
IRS990/AllAffiliatesIncludedInd01
IRS990/AllOtherExpensesGrp/TotalAmt034634
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0PEGGY BODINGTON
IRS990/BooksInCareOfDetail/PhoneNum04016352500
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02 MEETING HOUSE LANE
IRS990/BooksInCareOfDetail/USAddress/CityNm0LITTLE COMPTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0RI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002837
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0198281
IRS990/CashNonInterestBearingGrp/EOYAmt0242369
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0158957
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CostOfGoodsSoldAmt01274141
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0948
IRS990/CYOtherExpensesAmt0927561
IRS990/CYOtherRevenueAmt0-238171
IRS990/CYProgramServiceRevenueAmt01527898
IRS990/CYRevenuesLessExpensesAmt031067
IRS990/CYSalariesCompEmpBnftPaidAmt0332047
IRS990/CYTotalExpensesAmt01259608
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01290675
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt045674
IRS990/DeferredRevenueGrp/EOYAmt0537747
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0202655
IRS990/Desc0CLUB SERVICES 385 MEMBERS AND 220 OFF-SEASON PRIVILEGE HOLDERS, PROVIDING SOCIAL AND RECREATIONAL OPPORTUNITIES FOR MEMBERS AND THEIR GUESTS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt090
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/TotalAmt0147441
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt75.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt820.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt95.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt105.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt125.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt135.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt145.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1550.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt157807
IRS990/Form990PartVIISectionAGrp/PersonNm0BRUCE DIANNE KEELER
IRS990/Form990PartVIISectionAGrp/PersonNm1GALFORD ROBERT
IRS990/Form990PartVIISectionAGrp/PersonNm2MUELLER ROBERT
IRS990/Form990PartVIISectionAGrp/PersonNm3HAFFENREFFER LISA
IRS990/Form990PartVIISectionAGrp/PersonNm4VANDERSALM THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm5MARTIN DAVID
IRS990/Form990PartVIISectionAGrp/PersonNm6WAGNER RYAN
IRS990/Form990PartVIISectionAGrp/PersonNm7CAPUANO ROBERTA
IRS990/Form990PartVIISectionAGrp/PersonNm8PENNEY HOWARD
IRS990/Form990PartVIISectionAGrp/PersonNm9GOODWIN NANCY
IRS990/Form990PartVIISectionAGrp/PersonNm10SUTTELL MARY
IRS990/Form990PartVIISectionAGrp/PersonNm11MORRISON SCOTT A
IRS990/Form990PartVIISectionAGrp/PersonNm12LIPPERT HOLLY
IRS990/Form990PartVIISectionAGrp/PersonNm13HUDNER MICHAEL
IRS990/Form990PartVIISectionAGrp/PersonNm14WALSER JONI L
IRS990/Form990PartVIISectionAGrp/PersonNm15DEMOTT CRAIG
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15158957
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15CLUB MANAGER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02564816
IRS990/GrossReceiptsForPublicUseAmt079420
IRS990/GrossSalesOfInventoryAmt01024993
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InitiationFeesAndCapContriAmt0203669
IRS990/InsuranceGrp/TotalAmt057522
IRS990/IntangibleAssetsGrp/BOYAmt021201
IRS990/IntangibleAssetsGrp/EOYAmt057262
IRS990/InterestGrp/TotalAmt093878
IRS990/InventoriesForSaleOrUseGrp/BOYAmt052842
IRS990/InventoriesForSaleOrUseGrp/EOYAmt058937
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0948
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0948
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01500
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01500
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02823611
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06305801
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06159759
IRS990/LandBldgEquipCostOrOtherBssAmt08983370
IRS990/LegalDomicileStateCd0RI
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0FOUNDED IN 1998 TO REVITALIZE AN HISTORIC HARBOR PROPERTY AND TO PRESERVE ITS STORIED HERITAGE, THE SAKONNET POINT CLUB'S MISSION IS TO PROVIDE MEMBERS AND THEIR GUESTS ACCESS TO SAKONNET WATERS, AS WELL AS OFFER QUALITY, COMPLEMENTARY ACTIVITIES SUCH AS BOATING, SWIMMING, EXERCISING, DINING AND SOCIALIZING IN SETTING OF UNMATCHED HARBOR AND OCEAN VIEWS. THE CLUB IS FULLY COMMITTED TO MAINTAINING A RELAXED, FAMILY FOCUSED AND WELCOMING ATMOSPHERE, AND MANAGING ITS FINANCIAL AFFAIRS IN A RESPONSIBLE MANNER.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04751486
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04774788
IRS990/NetAssetsOrFundBalancesBOYAmt02010752
IRS990/NetAssetsOrFundBalancesEOYAmt01469536
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-236228
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-249148
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-12920
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02010752
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01469536
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OccupancyGrp/TotalAmt0105508
IRS990/OfficeExpensesGrp/TotalAmt07015
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-572283
IRS990/OtherEmployeeBenefitsGrp/TotalAmt034419
IRS990/OtherExpensesGrp/Desc0MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2REPAIRS
IRS990/OtherExpensesGrp/Desc3MISC EXPENSES
IRS990/OtherExpensesGrp/TotalAmt0115677
IRS990/OtherExpensesGrp/TotalAmt167005
IRS990/OtherExpensesGrp/TotalAmt253832
IRS990/OtherExpensesGrp/TotalAmt324749
IRS990/OtherLiabilitiesGrp/BOYAmt013691
IRS990/OtherLiabilitiesGrp/EOYAmt08088
IRS990/OtherRevenueMiscGrp/BusinessCd0713910
IRS990/OtherRevenueMiscGrp/Desc0MISC. REVENUE-RELATED-990
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt010977
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010977
IRS990/OtherRevenueTotalAmt010977
IRS990/OtherSalariesAndWagesGrp/TotalAmt0117680
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt020991
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0173854
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0192832
IRS990/PrincipalOfficerNm0SCOTT A MORRISON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0713910
IRS990/ProgramServiceRevenueGrp/BusinessCd1713910
IRS990/ProgramServiceRevenueGrp/BusinessCd2713910
IRS990/ProgramServiceRevenueGrp/BusinessCd3713910
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES AND ASSESSMENTS
IRS990/ProgramServiceRevenueGrp/Desc1GUEST AND OFF-SEASON FEES
IRS990/ProgramServiceRevenueGrp/Desc2DRY SLIP REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3TRAINING AND FITNESS REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01309309
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1121239
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt258186
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt312442
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01309309
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1127647
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt278500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt312442
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt06408
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt120314
IRS990/ProgSrvcAccomActy2Grp/Desc0WATERFRONT FACILITIES FOR THE USE OF MEMBERS TO LAUNCH THEIR BOATS.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE CLUB OFFERS PERSONAL TRAINING SERVICES, MASSAGE THERAPY AND A VARIETY OF ACTIVITIES TO SUPPORT HEALTH AND WELLNESS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0687
IRS990/PYOtherExpensesAmt0905336
IRS990/PYOtherRevenueAmt0-86959
IRS990/PYProgramServiceRevenueAmt01496137
IRS990/PYRevenuesLessExpensesAmt0191986
IRS990/PYSalariesCompEmpBnftPaidAmt0312543
IRS990/PYTotalExpensesAmt01217879
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01409865
IRS990/ReconcilationRevenueExpnssAmt031067
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04090091
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01573540
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05663631
IRS990ScheduleD/EquipmentGrp/BookValueAmt0152659
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0279469
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0432128
IRS990ScheduleD/ExpensesNotReportedAmt01274141
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0948
IRS990ScheduleD/ExpensesSubtotalAmt01258660
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0444086
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0444086
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0172305
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0144267
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0316572
IRS990ScheduleD/OtherExpensesIncludedAmt01274141
IRS990ScheduleD/OtherExpensesNotIncludedAmt0948
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01300618
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0826335
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02126953
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07874
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1214
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SALES TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/OtherRevenueAmt01274141
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0948
IRS990ScheduleD/RevenueNotReportedAmt01274141
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0948
IRS990ScheduleD/RevenueSubtotalAmt01289727
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CLUB RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CLUB HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 1,274,141.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INTEREST INCOME NETTED WITH EXPENSES ON FINANCIAL STATEMENTS. 948.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3COST OF GOODS SOLD 1,274,141.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4INTEREST INCOME NETTED WITH EXPENSES ON FINANCIAL STATEMENTS. 948.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06159759
IRS990ScheduleD/TotalExpensesPerForm990Amt01259608
IRS990ScheduleD/TotalLiabilityAmt08088
IRS990ScheduleD/TotalRevenuePerForm990Amt01290675
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02563868
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02532801
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/DiscretionarySpendingAcctInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0158957
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt07807
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DEMOTT CRAIG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CLUB MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0166764
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS WHO ELECT THE MEMBERS OF THE GOVERNING BODY, AND WHO APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CLUB'S MEMBERS HAVE THE AUTHORITY TO ELECT MEMBERS OF THE BOARD.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.11$7.74$0.37$1.34$1.88$0.54
2023Detailed filing. Detailed filing data is available for this year.$8.54$7.64$0.89$1.56$1.54$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.59$7.75$0.84$1.55$1.39$0.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.43$6.51$1.92$1.77$1.32$0.45
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.62$6.14$1.47$1.28$1.28$0.00
2019Detailed filing. Detailed filing data is available for this year.$6.91$5.44$1.47$1.29$1.26$0.03
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.91$4.90$2.01$1.41$1.22$0.19
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.00$5.18$1.82$1.17$1.14$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.09$5.30$1.79$1.19$1.13$0.06
2015Detailed filing. Detailed filing data is available for this year.$7.28$5.56$1.73$1.29$1.09$0.20
2014Detailed filing. Detailed filing data is available for this year.$7.47$5.94$1.53$1.31$1.04$0.27
2013Detailed filing. Detailed filing data is available for this year.$7.84$6.37$1.47$1.19$1.10$0.09
2012Summary only. Only limited summary data is available for this year.$8.10$6.71$1.38$1.24$1.01$0.23
2011Summary only. Only limited summary data is available for this year.$8.35$7.19$1.16$1.50$1.06$0.43