Old Oaks Country Club Inc
- Assets
- $3.8m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 175
- Location
- Purchase, NY
- Founding
- 05/1937
- Data as of
- 11/2023
- EIN
- 13-1723545
Organization Overview
Old Oaks Country Club Inc is located in Purchase, NY. The organization was established in 1937. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 11/2023, Old Oaks Country Club Inc employed 175 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Oaks Country Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 11/2023, Old Oaks Country Club Inc generated $14.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $17.7m during the year ending 11/2023. While expenses have increased by 5.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO STIMULATE AN INTEREST IN OUTDOOR SPORTS AMONG ITS MEMBERS. TO OWN, CONTROL & OPERATE A CLUBHOUSE & OTHER FACILITIES FOR THE RECREATION & ENJOYMENT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Rosenthal President | OfficerTrustee | 3 | $0 |
Charles Calmlan Vice President | OfficerTrustee | 3 | $0 |
Andrew Weinberg Vice President | OfficerTrustee | 3 | $0 |
Leter Wohl Vice President | OfficerTrustee | 3 | $0 |
Nancy Blaine Secretary | OfficerTrustee | 3 | $0 |
Joseph Kaufman Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,737,237 |
| Investment income | $79,631 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,844,948 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,664,816 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,759 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $776,123 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,731,974 |
| Pension plan accruals and contributions | $19,348 |
| Other employee benefits | $558,728 |
| Payroll taxes | $770,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,118 |
| Fees for services: Accounting | $38,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $801,555 |
| Advertising and promotion | $0 |
| Office expenses | $162,431 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $995,454 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $330,729 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $465,516 |
| All other expenses | $478,348 |
| Total functional expenses | $17,699,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,129,395 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,224,468 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $215,201 |
| Prepaid expenses and deferred charges | $224,987 |
| Net Land, buildings, and equipment | $1 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $970,101 |
| Total assets | $3,764,153 |
| Accounts payable and accrued expenses | $795,966 |
| Grants payable | $0 |
| Deferred revenue | $174,133 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,253,247 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $302,718 |
| Total liabilities | $11,526,064 |
| Net assets without donor restrictions | -$7,761,911 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,764,153 |