Lake Naomi Club
- Assets
- $32.5m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 515
- Location
- Pocono Pines, PA
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 23-6430104
Organization Overview
Lake Naomi Club is located in Pocono Pines, PA. The organization was established in 0000. 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 12/2022, Lake Naomi Club employed 515 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Naomi 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, Lake Naomi Club generated $15.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $14.4m during the year ending 12/2022. While expenses have increased by 4.6% 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
PROMOTE FELLOWSHIP BETWEEN MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKE NAOMI CLUB WAS ORGANIZED TO PROMOTE FELLOWSHIP BETWEEN THE RESIDENTS OF LAKE NAOMI AND TIMBER TRAILS AND TO PROVIDE FOR THEIR SOCIAL AND RECREATIONAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Jones General Manager | Officer | 40 | $320,256 |
Laurie J Germino CFO | Officer | 40 | $148,442 |
James E Price Assistant General Manager | 40 | $143,815 | |
John P Lamberton Chief Ranger | 40 | $115,576 | |
Carl Rosenfeld Trustee | Trustee | 0 | $0 |
Dominic Parisi Trustee | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ben Cox Tennis Pro | 12/30/22 | $219,046 |
Alejandro Escobar Contractor | 12/30/22 | $281,271 |
Pabian Law Llc Legal Services | 12/30/22 | $110,025 |
Altemose Paving Excavating Llc Contractor | 12/30/22 | $118,270 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,992,338 |
| 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 | $8,992,338 |
| Total Program Service Revenue | $2,800,907 |
| Investment income | $22,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,971 |
| Net Gain/Loss on Asset Sales | -$1,271 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,178,151 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,256,342 |
| 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. | $569,644 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,750,447 |
| Pension plan accruals and contributions | $135,938 |
| Other employee benefits | $1,097,384 |
| Payroll taxes | $565,377 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $163,630 |
| Fees for services: Accounting | $54,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $103,089 |
| Office expenses | $25,566 |
| Information technology | $246,657 |
| Royalties | $0 |
| Occupancy | $1,258,421 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,902 |
| Interest | $185,571 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,178,515 |
| Insurance | $251,129 |
| All other expenses | $1,922,134 |
| Total functional expenses | $14,416,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,414,564 |
| Savings and temporary cash investments | $7,339,791 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $192,073 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $309,965 |
| Prepaid expenses and deferred charges | $284,827 |
| Net Land, buildings, and equipment | $19,475,830 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,451,874 |
| Total assets | $32,468,924 |
| Accounts payable and accrued expenses | $741,621 |
| Grants payable | $0 |
| Deferred revenue | $3,316,777 |
| 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 | $5,708,905 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $954,121 |
| Total liabilities | $10,721,424 |
| Net assets without donor restrictions | $19,906,137 |
| Net assets with donor restrictions | $1,841,363 |
| 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 | $32,468,924 |