Glen Oak Country Club
- Assets
- $4.4m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 207
- Location
- Clarks Summit, PA
- Founding
- 08/1955
- Data as of
- 09/2021
- EIN
- 24-0807921
Organization Overview
Glen Oak Country Club is located in Clarks Summit, PA. The organization was established in 1955. 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 09/2021, Glen Oak Country Club employed 207 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glen Oak 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 09/2021, Glen Oak Country Club generated $3.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $3.6m during the year ending 09/2021. While expenses have increased by 0.5% per year over the past 6 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
SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDED 480 MEMBERS, THEIR FAMILIES AND GUESTS WITH RECREATIONAL AND SOCIAL ACTIVITIES THAT INCLUDED GOLFING, SWIMMING, TENNIS AND DINNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Pesavento Treasurer | Officer | 5 | $0 |
Howard Rothenberg Secretary | Officer | 5 | $0 |
Jp Sweeney President | Officer | 5 | $0 |
Jason Schoenberg Vice President | Officer | 5 | $0 |
T J Couzens Director | Trustee | 0.5 | $0 |
Michael Kondash Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,119,082 |
| 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 | $2,119,082 |
| Total Program Service Revenue | $541,332 |
| Investment income | $13,662 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $993,418 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,874,895 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,522,172 |
| Pension plan accruals and contributions | $5,263 |
| Other employee benefits | $179,763 |
| Payroll taxes | $202,967 |
| Fees for services: Management | $50,068 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,501 |
| Office expenses | $8,487 |
| Information technology | $16,607 |
| Royalties | $0 |
| Occupancy | $181,044 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $86,318 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $422,305 |
| Insurance | $63,302 |
| All other expenses | $103,687 |
| Total functional expenses | $3,572,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,879 |
| Savings and temporary cash investments | $1,019,988 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $394,622 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $361,599 |
| Inventories for sale or use | $59,898 |
| Prepaid expenses and deferred charges | $134,299 |
| Net Land, buildings, and equipment | $1,901,235 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $19,491 |
| Other assets | $456,454 |
| Total assets | $4,360,465 |
| Accounts payable and accrued expenses | $155,342 |
| Grants payable | $0 |
| Deferred revenue | $907,661 |
| 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 | $1,924,198 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $200,933 |
| Total liabilities | $3,188,134 |
| Net assets without donor restrictions | $0 |
| 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 | $1,172,331 |
| Total liabilities and net assets/fund balances | $4,360,465 |
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|---|---|---|
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