Oakmont Country Club
- Assets
- $33.4m
- Revenue
- $10.2m
- Investments
- $17.0k
- Employees
- 288
- Location
- Oakmont, PA
- Founding
- 07/1942
- Data as of
- 03/2024
- EIN
- 25-0699130
Organization Overview
Oakmont Country Club is located in Oakmont, PA. The organization was established in 1942. 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 03/2024, Oakmont Country Club employed 288 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakmont 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 03/2024, Oakmont Country Club generated $10.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $11.0m during the year ending 03/2024. 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
THE ORGANIZATION PROVIDES RECREATIONAL AND SOCIAL BENEFITS / SERVICES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John W Lynch President | OfficerTrustee | 1 | $0 |
Joel P Adams Vice President | OfficerTrustee | 1 | $0 |
Edward J Grefenstette Treasurer | OfficerTrustee | 1 | $0 |
Steve Leone Secretary | OfficerTrustee | 1 | $0 |
Richard Berglund Governor | OfficerTrustee | 1 | $0 |
Fred Broad Governor | Trustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,950,194 |
| Investment income | $43,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $51,309 |
| Net Rental Income | $489,636 |
| 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 | $1,629,925 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,164,254 |
| 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 | $3,689,874 |
| Pension plan accruals and contributions | $200,427 |
| Other employee benefits | $519,799 |
| Payroll taxes | $363,192 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $151,312 |
| Fees for services: Accounting | $60,730 |
| 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 | $76,707 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $948,283 |
| Travel | $3,270 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,036,680 |
| Insurance | $289,933 |
| All other expenses | $291,337 |
| Total functional expenses | $11,034,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100,053 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,776,081 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $641,828 |
| Prepaid expenses and deferred charges | $2,108,188 |
| Net Land, buildings, and equipment | $27,513,375 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $17,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $217,940 |
| Total assets | $33,374,465 |
| Accounts payable and accrued expenses | $2,175,355 |
| Grants payable | $0 |
| Deferred revenue | $3,461,560 |
| 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 | $4,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,898 |
| Total liabilities | $10,153,813 |
| Net assets without donor restrictions | $23,220,652 |
| 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 | $33,374,465 |