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Nonprofit · EIN 04-1503740

KERNWOOD COUNTRY CLUB

Tax-exempt · SALEM, MA 01970

Financials

$7.3M$7.5M2023$7.1M$6.8M2024
Revenue Expenses · by fiscal year end
Financials of KERNWOOD COUNTRY CLUB by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$7,097,701$6,822,003$275,698$11,533,699$3,586,957$7,946,742
December 31, 2023990$7,322,654$7,473,710-$151,056$11,331,274$3,660,230$7,671,044
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$5,200,286
Investment income
$2,855
Net rental income
$7,500
Net income from sales of inventory
$1,887,060
Other revenue
$1,894,560

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$422,709
Other salaries and wages
$2,739,749
Salaries, compensation and benefits (total)
$3,668,958
Professional fundraising fees
$0
Accounting fees
$27,869
Occupancy
$291,189
Depreciation
$202,284

Balance sheet and other

Total assets, start of year
$11,331,274
Total assets, end of year
$11,533,699
Total liabilities, end of year
$3,586,957
Net assets, end of year
$7,946,742
Land, buildings and equipment
$9,496,705
Net assets without donor restrictions
$7,946,742
Gross unrelated business income
$449,237
Gross receipts
$7,812,931
Employees
128
Volunteers
11
Year formed
1914
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
STUART O'CONNORGENERAL MANAGER/COO
Key employee
40$208,895$12,921
FRANK DULLY IIHEAD GOLF PROFESSIONAL
Highest-paid employee
40$192,405$23,426
JOHN EGGLESTONGOLF SUPERINTENDENT
Key employee
40$173,447$27,446
JOSEPH BISKIEEXECUTIVE CHEF
Highest-paid employee
40$158,727$5,645
DENISE KRICHNERCONTROLLER
Highest-paid employee
40$133,657$11,880
STEVEN NEFFASSISTANT GENERAL MANAGER
Highest-paid employee
40$131,294$12,641
STEVEN SOLOMONPRESIDENT
Trustee or director, Officer
3$0$0
MARTIN SULLIVANVICE PRESIDENT
Trustee or director, Officer
3$0$0
TOM GROVERTREASURER
Trustee or director, Officer
3$0$0
JAMES WALSHSECRETARY
Trustee or director, Officer
3$0$0
AMANDA HYNESBOARD OF GOVERNORS
Trustee or director
3$0$0
DOUGLAS KIERNANBOARD OF GOVERNORS
Trustee or director
3$0$0
DEBI NICOLASBOARD OF GOVERNORS
Trustee or director
3$0$0
PETER ABBRUZZESEBOARD OF GOVERNORS
Trustee or director
3$0$0
MAURICE PHELANBOARD OF GOVERNORS
Trustee or director
3$0$0
2 more people on this return
NameTitleHours / weekCompensation
B RIAN CUSACKBOARD OF GOVERNORS
Trustee or director
3$0
MICHAEL DALEBOARD OF GOVERNORS
Trustee or director
3$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensationOther / benefits
STUART O'CONNORGENERAL MANAGER/COO
Key employee
40$280,000$9,101
JOHN EGGLESTONGOLF SUPERINTENDENT
Key employee
40$173,500$24,743
FRANK DULLY IIHEAD GOLF PROFESSIONAL
Highest-paid employee
40$163,054$27,444
STEVEN NEFFASSISTANT GENERAL MANAGER
Highest-paid employee
40$143,524$10,326
STEVEN SOLOMONPRESIDENT
Trustee or director, Officer
3$0$0
MARTIN SULLIVANVICE PRESIDENT
Trustee or director, Officer
3$0$0
TOM GROVERTREASURER
Trustee or director, Officer
3$0$0
JAMES WALSHSECRETARY
Trustee or director, Officer
3$0$0
DENISE KELLYBOARD OF GOVERNORS
Trustee or director
3$0$0
DOUGLAS KIERNANBOARD OF GOVERNORS
Trustee or director
3$0$0
CATHERINE MARQUARDTBOARD OF GOVERNORS
Trustee or director
3$0$0
PETER ABBRUZZESEBOARD OF GOVERNORS
Trustee or director
3$0$0
MAURICE PHELANBOARD OF GOVERNORS
Trustee or director
3$0$0
B RIAN CUSACKBOARD OF GOVERNORS
Trustee or director
3$0$0
MICHAEL DALEBOARD OF GOVERNORS
Trustee or director
3$0$0

Address and contacts

Address (IRS master file)
1 KERNWOOD ST, SALEM, MA 01970-1653
In care of
% SUE DATTORRE
Principal officer (990 for 2024)
STEPHEN SOLOMON, 1 KERNWOOD STREET, SALEM, MA 01970
Signed the 990
STEPHEN SOLOMON, PRESIDENT
Phone
(978) 745-1210
Return prepared by
CONDON O'MEARA MCGINTY & DONNELLY LLP

Mission

TO FURNISH ATHLETIC AND RECREATIONAL FACILITIES FOR ITS MEMBERS, TO PROMOTE SOCIAL INTERCOURSE AMONG ITS MEMBERS AND TO MAINTAIN A CLUBHOUSE FOR THE USE OF ITS MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • TAX EXEMPT CLUB ACTIVITIES.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
04-1503740
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1934
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$11,533,699
Income (IRS master file)
$7,812,931

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$7,097,701$6,822,003$11,533,699XML
990December 2023$7,322,654$7,473,710$11,331,274XML
990December 2022$5,931,886$6,484,894$10,465,380IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-1503740).

Questions about KERNWOOD COUNTRY CLUB

What is the EIN of KERNWOOD COUNTRY CLUB?
The employer identification number (EIN) of KERNWOOD COUNTRY CLUB is 04-1503740.
Is KERNWOOD COUNTRY CLUB tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1934.
Are donations to KERNWOOD COUNTRY CLUB tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does KERNWOOD COUNTRY CLUB file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of KERNWOOD COUNTRY CLUB due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KERNWOOD COUNTRY CLUB last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of KERNWOOD COUNTRY CLUB?
The 990 for the year ended December 31, 2024 names STEPHEN SOLOMON.
Who are the officers and directors of KERNWOOD COUNTRY CLUB?
The 990 for the year ended December 31, 2024 lists 17 people; 6 received compensation from the organization, the highest $208,895 (STUART O'CONNOR, GENERAL MANAGER/COO).
How much revenue does KERNWOOD COUNTRY CLUB have?
On its 990 for the year ended December 31, 2024 it reported revenue of $7,097,701, expenses of $6,822,003 and total assets of $11,533,699 at year end.

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