Cedar Lake Club Incorporated
- Assets
- $941.6k
- Revenue
- $835.7k
- Investments
- $0.0
- Employees
- 34
- Location
- Clayville, NY
- Founding
- 09/1973
- Data as of
- 10/2020
- EIN
- 15-0264745
Organization Overview
Cedar Lake Club Incorporated is located in Clayville, NY. The organization was established in 1973. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 10/2020, Cedar Lake Club Incorporated employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Lake Club Incorporated is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2020, Cedar Lake Club Incorporated generated $835.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $803.0k during the year ending 10/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
GOLF COURSE/CLUBHOUSE, BEACH AND CAMPING AREAS FOR MEMBERS USE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB OPERATES AS A SOCIAL AND RECREATIONAL GOLFING ESTABLISHMENT. PROGRAM SERVICE EXPENSES REPRESENT COSTS IN OPERATING AND MAINTAINING THE GOLF COURSE, BEACH AND CAMPING AREAS.
THE CLUB OPERATES AS A SOCIAL AND RECREATIONAL GOLFING ESTABLISHMENT. PROGRAM SERVICE EXPENSES REPRESENT COSTS IN OPERATING AND MAINTAINING THE GOLF COURSE, BEACH AND CAMPING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Brown President | Officer | 1 | $0 |
Sharon Diliberto Past Preside | Officer | 1 | $0 |
Peter Mcphail Vice Preside | Officer | 1 | $0 |
Savey Lombardo Treasurer | Officer | 1 | $0 |
Carol Dreimiller Director | Trustee | 1 | $0 |
Robert Forward Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $45 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $18,262 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $835,745 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $305,855 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,113 |
| Payroll taxes | $21,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,267 |
| Advertising and promotion | $0 |
| Office expenses | $1,479 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,822 |
| Travel | $316 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,449 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,486 |
| Insurance | $38,395 |
| All other expenses | $0 |
| Total functional expenses | $802,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,312 |
| Savings and temporary cash investments | $13,518 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,305 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,698 |
| Prepaid expenses and deferred charges | $55,365 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $15,401 |
| Other assets | $0 |
| Total assets | $941,618 |
| Accounts payable and accrued expenses | $34,670 |
| Grants payable | $0 |
| Deferred revenue | $17,150 |
| 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 | $411,086 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $51,014 |
| Total liabilities | $513,920 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $427,698 |
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