Lords Valley Country Club Inc
- Assets
- $5.6m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 114
- Location
- Hawley, PA
- Founding
- 11/1968
- Data as of
- 02/2023
- EIN
- 24-0865668
Organization Overview
Lords Valley Country Club Inc is located in Hawley, PA. The organization was established in 1968. 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 02/2023, Lords Valley Country Club Inc employed 114 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lords Valley Country Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 02/2023, Lords Valley Country Club Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $2.6m during the year ending 02/2023. While expenses have increased by 2.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RECREATIONAL ACTIVITIES AND USE OF THEIR FACILITIES INCLUDING A 18 HOLE GOLF COURSE, 10 TENNIS COURTS, SWIMMING POOL, FITNESS ROOM, BOATING & KAYAKING, DINING AND HOSTING SOCIAL EVENTS FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB OFFERS MEMBERS FULL COUNTRY CLUB FACILITIES INCLUDING AN 18 HOLE GOLF COURSE, 10 TENNIS COURTS, SWIMMING POOL, FITNESS ROOM, BOATING & KAYAKING, DINING AND HOSTING SOCIAL EVENTS FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Devito President | OfficerTrustee | 3 | $0 |
Steve Kalman 1st Vice President | OfficerTrustee | 1 | $0 |
Marilyn Sanders 2nd Vice President | OfficerTrustee | 1 | $0 |
Ina Filip Secretary | OfficerTrustee | 1 | $0 |
Sherrie Resnick Assistant Secretary | OfficerTrustee | 1 | $0 |
Rebecca Granne Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,498,225 |
| 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 | $2,498,225 |
| Total Program Service Revenue | $369,441 |
| Investment income | $290 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,668 |
| Net Gain/Loss on Asset Sales | -$15,144 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$177,940 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,195,585 |
| 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 | $719,178 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $109,018 |
| Payroll taxes | $79,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,875 |
| Fees for services: Accounting | $19,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,221 |
| Office expenses | $242,774 |
| Information technology | $23,044 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,866 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $301,129 |
| Insurance | $85,998 |
| All other expenses | $131,022 |
| Total functional expenses | $2,632,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $1,609,299 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,048 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $119,520 |
| Prepaid expenses and deferred charges | $121,041 |
| Net Land, buildings, and equipment | $3,261,118 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $490,520 |
| Total assets | $5,619,146 |
| Accounts payable and accrued expenses | $250,278 |
| Grants payable | $0 |
| Deferred revenue | $66,463 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $316,741 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $8,726,560 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$3,424,155 |
| Total liabilities and net assets/fund balances | $5,619,146 |