Merion Golf Club
- Assets
- $47.3m
- Revenue
- $14.3m
- Investments
- $0.0
- Employees
- 289
- Location
- Ardmore, PA
- Founding
- 02/1945
- Data as of
- 02/2022
- EIN
- 23-0868348
Organization Overview
Merion Golf Club is located in Ardmore, PA. The organization was established in 1945. 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 02/2022, Merion Golf Club employed 289 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merion Golf Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 02/2022, Merion Golf Club generated $14.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $12.2m during the year ending 02/2022. While expenses have increased by 3.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE GOLF CLUB OPERATING EXCLUSIVLEY FOR RECREATION AND SOCIAL BENEFIT IF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTAURANT AND BAR
GOLF
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Latshaw Director Of Golf Course Op | 40 | $453,238 | |
Paula Kelly General Manager | Officer | 40 | $373,439 |
Scott Nye Director Of Golf | 40 | $348,528 | |
Jerald Schreck Executive Chef | 40 | $209,461 | |
Thomas Bender Director Of Financial Oper | 40 | $186,063 | |
James B Bradbeer Jr President | Officer | 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 | $32,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,750 |
| Total Program Service Revenue | $12,833,274 |
| Investment income | $25,385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$127,778 |
| Net Gain/Loss on Asset Sales | -$8,425 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $299,387 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,329,733 |
| 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. | $373,439 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,470,810 |
| Pension plan accruals and contributions | $170,344 |
| Other employee benefits | $477,409 |
| Payroll taxes | $358,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,206 |
| Fees for services: Accounting | $27,318 |
| 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 | $43,400 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $632,827 |
| Travel | $2,854 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $130,188 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,189,973 |
| Insurance | $303,055 |
| All other expenses | $313,421 |
| Total functional expenses | $12,244,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,425,150 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,754,053 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $532,439 |
| Prepaid expenses and deferred charges | $1,065,408 |
| Net Land, buildings, and equipment | $35,400,121 |
| Investments—publicly traded securities | $2,040,533 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,072,000 |
| Total assets | $47,289,704 |
| Accounts payable and accrued expenses | $1,310,108 |
| Grants payable | $0 |
| Deferred revenue | $12,738,250 |
| 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 | $15,600 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $115,008 |
| Total liabilities | $14,178,966 |
| Net assets without donor restrictions | $33,110,738 |
| 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 | $47,289,704 |
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|---|---|---|
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Kappa Kappa Gamma Fraternity Inc Dublin, OH | $6,485,391 | $48,587,416 |
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New York Athletic Club New York, NY | $79,824,386 | $36,957,466 |
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Chevy Chase Club Inc Chevy Chase, MD | $66,940,188 | $32,070,138 |
Baltusrol Golf Club Springfield, NJ | $73,541,672 | $26,510,520 |
Winged Foot Golf Club Inc Mamaroneck, NY | $47,661,307 | $23,506,154 |
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New York Yacht Club New York, NY | $54,553,348 | $22,663,268 |
Baltimore Country Club Of Baltimore City Baltimore, MD | $35,586,521 | $23,737,459 |