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Nonprofit · EIN 06-0478680

OLD LYME COUNTRY CLUB INC

Tax-exempt · OLD LYME, CT 06371

Financials

$2.3M$1.9M2023$2.5M$2M2024
Revenue Expenses · by fiscal year end
Financials of OLD LYME COUNTRY CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,482,363$2,001,139$481,224$3,095,690$1,682,053$1,413,637
December 31, 2023990$2,331,215$1,877,761$453,454$2,475,816$1,543,403$932,413
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,608,772
Investment income
$47,622
Net income from sales of inventory
-$205,684
Other revenue
-$174,031

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$920,787
Salaries, compensation and benefits (total)
$1,088,740
Professional fundraising fees
$0
Legal fees
$12,278
Accounting fees
$14,850
Occupancy
$135,864
Depreciation
$128,701

Balance sheet and other

Total assets, start of year
$2,475,816
Total assets, end of year
$3,095,690
Total liabilities, end of year
$1,682,053
Net assets, end of year
$1,413,637
Land, buildings and equipment
$1,783,937
Net assets without donor restrictions
$1,413,637
Gross unrelated business income
$83,875
Gross receipts
$3,765,974
Employees
22
Volunteers
13
Year formed
1916
State of legal domicile
CT

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 / weekCompensation
MIKE IWANICKIGENERAL MANAGER
Highest-paid employee
40$117,176
ROB BARBEAUGOLF PROFESSIONAL
Highest-paid employee
40$110,580
LAWRENCE TUCKERPRESIDENT
Trustee or director, Officer
1$0
SUE GREYVICE PRESIDENT
Trustee or director, Officer
1$0
ROB SURDAMTREASURER
Trustee or director, Officer
1$0
DENNIS LAVETTESECRETARY
Trustee or director, Officer
1$0
SCOTT CONNERGOVERNOR
Trustee or director
1$0
MITCHELL ETESSGOVERNOR
Trustee or director
1$0
CLINT REIDGOVERNOR
Trustee or director
1$0
BILL BELLUZZIGOVERNOR
Trustee or director
1$0
ANNE MULHOLLANDGOVERNOR
Trustee or director
1$0
NINA PECKGOVERNOR
Trustee or director
1$0
ANNE HEFTERGOVERNOR
Trustee or director
1$0
CAROL GADSENGOVERNOR
Trustee or director
1$0
MIKE KELLIHERGOVERNOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensation
MIKE IWANICKIGENERAL MANAGER
Highest-paid employee
40$109,630
ROB BARBEAUGOLF PROFESSIONAL
Highest-paid employee
40$108,301
LAWRENCE TUCKERPRESIDENT
Trustee or director, Officer
1$0
SUE GREYVICE PRESIDENT
Trustee or director, Officer
1$0
ROB SURDAMTREASURER
Trustee or director, Officer
1$0
DENNIS LAVETTESECRETARY
Trustee or director, Officer
1$0
ROB RABINEGOVERNOR
Trustee or director
1$0
BILL JACARUSOGOVERNOR
Trustee or director
1$0
CLINT REIDGOVERNOR
Trustee or director
1$0
BILL BELLUZZIGOVERNOR
Trustee or director
1$0
ANNE MULHOLLANDGOVERNOR
Trustee or director
1$0
SHARON CRAIGGOVERNOR
Trustee or director
1$0
ANNE HEFTERGOVERNOR
Trustee or director
1$0
BRIAN BOWESGOVERNOR
Trustee or director
1$0
SANDY GERSTERGOVERNOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
40 MCCURDY RD, OLD LYME, CT 06371-1611
Principal officer (990 for 2024)
LAWRENCE TUCKER, 40 MCCURDY ROAD, OLD LYME, CT 06371
Signed the 990
LAWRENCE TUCKER, PRESIDENT
Phone
(860) 434-1639
Return prepared by
PKF O'CONNOR DAVIES ADVISORY LLC

Mission

FOUNDED IN 1916, OLD LYME COUNTRY CLUB PROVIDES A UNIQUE COUNTRY CLUB EXPERIENCE THAT BLENDS TRADITION WITH COMMITMENT TO OUTSTANDING MEMBER SERVICE.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVISION OF GOLF & TENNIS FACILITY THAT PROVIDES OPPORTUNITY FOR MEMBERS TO SOCIALIZE.

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
06-0478680
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1959
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,095,690
Income (IRS master file)
$3,765,974

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,482,363$2,001,139$3,095,690IRS
990December 2023$2,331,215$1,877,761$2,475,816XML
990December 2022$2,076,682$1,844,751$1,850,160IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 06-0478680).

Questions about OLD LYME COUNTRY CLUB INC

What is the EIN of OLD LYME COUNTRY CLUB INC?
The employer identification number (EIN) of OLD LYME COUNTRY CLUB INC is 06-0478680.
Is OLD LYME COUNTRY CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1959.
Are donations to OLD LYME COUNTRY CLUB INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does OLD LYME COUNTRY CLUB INC 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 OLD LYME COUNTRY CLUB INC 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 OLD LYME COUNTRY CLUB INC 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 OLD LYME COUNTRY CLUB INC?
The 990 for the year ended December 31, 2024 names LAWRENCE TUCKER.
Who are the officers and directors of OLD LYME COUNTRY CLUB INC?
The 990 for the year ended December 31, 2024 lists 15 people; 2 received compensation from the organization, the highest $117,176 (MIKE IWANICKI, GENERAL MANAGER).
How much revenue does OLD LYME COUNTRY CLUB INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,482,363, expenses of $2,001,139 and total assets of $3,095,690 at year end.

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