Lake Naomi Club
- Assets
- $31.2m
- Revenue
- $14.4m
- Investments
- $0.0
- Employees
- 448
- Location
- Pocono Pines, PA
- Founding
- 00/0000
- Data as of
- 12/2021
- 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 12/2021, Lake Naomi Club employed 448 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 12/2021, Lake Naomi Club generated $14.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $11.4m during the year ending 12/2021. While expenses have increased by 1.5% 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
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 | 0 | $278,507 |
Laurie J Germino CFO | 0 | $141,564 | |
James E Price Assistant General Manager | 0 | $133,475 | |
John P Lamberton Chief Ranger | 0 | $111,591 | |
Kathryn Hyatt President | Officer | 0 | $0 |
Anthony Defranco Treasurer | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Young Hros Llc Legal Services | 12/30/21 | $121,155 |
Ben Cox Tennis Pro | 12/30/21 | $213,895 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,225,614 |
| 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 | $9,225,614 |
| Total Program Service Revenue | $2,629,245 |
| Investment income | $26,416 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,820 |
| Net Gain/Loss on Asset Sales | -$37,777 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,317,942 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,377,164 |
| 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. | $339,838 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,788,954 |
| Pension plan accruals and contributions | $150,481 |
| Other employee benefits | $1,126,186 |
| Payroll taxes | $466,510 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $161,861 |
| Fees for services: Accounting | $55,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,550 |
| Advertising and promotion | $62,781 |
| Office expenses | $27,375 |
| Information technology | $135,602 |
| Royalties | $0 |
| Occupancy | $994,763 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,229 |
| Interest | $199,699 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,181,866 |
| Insurance | $231,494 |
| All other expenses | $1,776,271 |
| Total functional expenses | $11,447,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,525,740 |
| Savings and temporary cash investments | $7,015,964 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $158,908 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $214,668 |
| Prepaid expenses and deferred charges | $208,376 |
| Net Land, buildings, and equipment | $19,234,820 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $823,472 |
| Total assets | $31,181,948 |
| Accounts payable and accrued expenses | $422,381 |
| Grants payable | $0 |
| Deferred revenue | $2,786,437 |
| 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 | $6,304,735 |
| Other liabilities | $1,481,458 |
| Total liabilities | $10,995,011 |
| Net assets without donor restrictions | $18,345,574 |
| 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 | $31,181,948 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake Naomi Club has recieved totaling $6,535.
| Awarding Organization | Amount |
|---|---|
Pennsylvania Lake Management Society Mertztown, PA PURPOSE: PLANTING PROJECT TO RESTORE FISH HABITAT, IMPROVE ECOLGICAL FUNCTION WITHIN THE LAKE SYSTEM AND REDUCE EROSION | $6,535 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Westchester Country Club Inc Rye, NY | $77,553,664 | $42,480,746 |
Yale Club Of New York City New York, NY | $50,588,779 | $20,944,634 |
Bethesda Country Club Inc Bethesda, MD | $26,747,430 | $19,774,534 |
Old Westbury Golf & Country Club Inc Old Westbury, NY | $24,637,751 | $16,881,231 |
Hudson National Golf Club Inc Croton On Hudson, NY | $51,687,185 | $12,086,027 |
Lake Naomi Club Pocono Pines, PA | $31,181,948 | $14,377,164 |
Pine Valley Golf Club Pine Valley, NJ | $27,464,552 | $15,641,646 |
Plainfield Country Club Edison, NJ | $20,539,827 | $10,734,974 |
Glen Ridge Country Club Glen Ridge, NJ | $4,315,456 | $11,200,681 |
Overbrook Golf Club Bryn Mawr, PA | $25,446,093 | $10,373,823 |
Fisher Island Club Inc Fishers Island, NY | $26,382,427 | $9,842,592 |
North Jersey Country Club Inc Wayne, NJ | $12,240,984 | $10,758,532 |