Merion Golf Club
- Assets
- $56.4m
- Revenue
- $17.0m
- Investments
- $0.0
- Employees
- 285
- Location
- Ardmore, PA
- Founding
- 02/1945
- Data as of
- 02/2024
- 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 02/2024, Merion Golf Club employed 285 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 02/2024, Merion Golf Club generated $17.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $13.8m during the year ending 02/2024. While expenses have increased by 4.9% 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
2024
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Kelly General Manager | Officer | 40 | $439,592 |
Amanda Day Assistant General Manager | 40 | $199,001 | |
Paul Latshaw Director Of Golf Course Op | 40 | $470,824 | |
Scott Nye Director Of Golf | 40 | $350,085 | |
Jon Cichon Executive Chef | 40 | $227,492 | |
Thomas Bender Director Of Financial Oper | 40 | $201,130 |
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 | $21,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,000 |
| Total Program Service Revenue | $16,405,443 |
| Investment income | $167,364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $84,297 |
| 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 | $293,595 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,988,548 |
| 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. | $439,592 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,430,380 |
| Pension plan accruals and contributions | $203,846 |
| Other employee benefits | $467,364 |
| Payroll taxes | $422,154 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,149 |
| Fees for services: Accounting | $42,001 |
| 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 | $57,860 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $691,490 |
| Travel | $12,444 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $598 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,375,288 |
| Insurance | $330,867 |
| All other expenses | $359,748 |
| Total functional expenses | $13,820,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,918,453 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,729,954 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $611,740 |
| Prepaid expenses and deferred charges | $1,200,012 |
| Net Land, buildings, and equipment | $36,441,969 |
| Investments—publicly traded securities | $2,336,584 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,209,955 |
| Total assets | $56,448,667 |
| Accounts payable and accrued expenses | $1,870,229 |
| Grants payable | $0 |
| Deferred revenue | $15,470,142 |
| 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 | $116,728 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $199,689 |
| Total liabilities | $17,656,788 |
| Net assets without donor restrictions | $38,791,879 |
| 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 | $56,448,667 |