Wanakah Country Club
- Assets
- $7.6m
- Revenue
- $4.9m
- Investments
- $526.4k
- Employees
- 172
- Location
- Hamburg, NY
- Founding
- 02/1943
- Data as of
- 12/2022
- EIN
- 16-0678930
Organization Overview
Wanakah Country Club is located in Hamburg, NY. The organization was established in 1943. 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 12/2022, Wanakah Country Club employed 172 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wanakah Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Wanakah Country Club generated $4.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $5.0m during the year ending 12/2022. While expenses have increased by 5.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ATHLETIC AND SOCIAL ACTIVITIES TO THE MEMBERS OF THE CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AUXILIARY SERVICES - TO PROVIDE ATHLETIC AND SOCIAL ACTIVITIES FOR CLUB MEMBERS, INCLUDING GOLF, TENNIS, AND SWIMMING. EXPENSES INCURRED TO MAINTAIN FACILITIES FOR THE USE OF CLUB MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Pericak President | OfficerTrustee | 1 | $0 |
John Bowden Vice President | OfficerTrustee | 1 | $0 |
Martin Kroll Treasurer | OfficerTrustee | 1 | $0 |
Jacob Rich Secretary | OfficerTrustee | 1 | $0 |
James L Murrett Director | Trustee | 1 | $0 |
Jeffrey Friedman Director | Trustee | 1 | $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 | $3,683,852 |
| Investment income | $3,365 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,713 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,206,883 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,898,813 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $2,271,037 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $47,596 |
| Other employee benefits | $108,952 |
| Payroll taxes | $339,792 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,284 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,041 |
| Advertising and promotion | $0 |
| Office expenses | $23,540 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $275,183 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,232 |
| Interest | $77,897 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $765,786 |
| Insurance | $167,535 |
| All other expenses | $204,059 |
| Total functional expenses | $5,015,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $886,357 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $727,892 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $125,937 |
| Inventories for sale or use | $211,245 |
| Prepaid expenses and deferred charges | $65,168 |
| Net Land, buildings, and equipment | $3,347,025 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $526,441 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,740,326 |
| Total assets | $7,630,391 |
| Accounts payable and accrued expenses | $626,337 |
| Grants payable | $0 |
| Deferred revenue | $102,228 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $1,907,255 |
| Other liabilities | $452,978 |
| Total liabilities | $3,088,798 |
| Net assets without donor restrictions | $4,541,593 |
| 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 | $7,630,391 |