Cedarbrook Country Club
- Assets
- $10.0m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 228
- Location
- Blue Bell, PA
- Founding
- 09/1942
- Data as of
- 12/2021
- EIN
- 23-0462590
Organization Overview
Cedarbrook Country Club is located in Blue Bell, PA. The organization was established in 1942. 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 12/2021, Cedarbrook Country Club employed 228 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedarbrook 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 12/2021, Cedarbrook Country Club generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 5.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE MEMBERSHIP SOCIAL AND RECREATIONAL ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William R Beisel Jr General Manager | 40 | $246,080 | |
Tim Kelly Greens Superintendent | 55 | $138,612 | |
Howard W Scott II Food & Bev Mgr | 50 | $107,634 | |
Beverly A Matz CFO | 45 | $84,372 | |
Kerry Mattern Golf Ambassador | 40 | $65,987 | |
Thomas Marcinek Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brad Nelson Golf/pro Shop | 12/30/20 | $510,008 |
Dale B Taylor Tennis/pro Shop | 12/30/20 | $148,153 |
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 | $4,875,100 |
| Investment income | $1,573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $965,617 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,009,893 |
| 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. | $396,605 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,192,008 |
| Pension plan accruals and contributions | $17,757 |
| Other employee benefits | $245,748 |
| Payroll taxes | $176,779 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $286,444 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $94,159 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $801,888 |
| Insurance | $114,993 |
| All other expenses | $526,439 |
| Total functional expenses | $5,155,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,150,524 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $365,269 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $144,238 |
| Prepaid expenses and deferred charges | $258,561 |
| Net Land, buildings, and equipment | $4,913,454 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $167,425 |
| Total assets | $9,999,471 |
| Accounts payable and accrued expenses | $324,418 |
| Grants payable | $0 |
| Deferred revenue | $2,784,178 |
| 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 | $1,726,796 |
| Unsecured mortgages and notes payable | $1,772,512 |
| Other liabilities | $226,944 |
| Total liabilities | $6,834,848 |
| Net assets without donor restrictions | $3,164,623 |
| 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 | $9,999,471 |
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