Oakmont Country Club
- Assets
- $24.3m
- Revenue
- $13.8m
- Investments
- $17.0k
- Employees
- 312
- Location
- Oakmont, PA
- Founding
- 07/1942
- Data as of
- 03/2022
- 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 03/2022, Oakmont Country Club employed 312 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 03/2022, Oakmont Country Club generated $13.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $11.3m during the year ending 03/2022. While expenses have increased by 0.4% 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
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 |
|---|---|---|---|
Adam Pletcher General Manager | Officer | 50 | $405,405 |
David Delsandro Grounds Superintendent | Officer | 50 | $305,307 |
Jim Springborn CFO / Controller | Officer | 50 | $209,703 |
Jake Adamonis Executive Chef | 50 | $155,072 | |
Edward W Stack President | OfficerTrustee | 1 | $0 |
Rodney L Piatt Vice President | OfficerTrustee | 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 | $7,082,928 |
| Investment income | $163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $55,320 |
| Net Rental Income | $773,142 |
| 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 | $4,275,401 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,845,117 |
| 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. | $1,019,271 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,459,071 |
| Pension plan accruals and contributions | $97,247 |
| Other employee benefits | $351,173 |
| Payroll taxes | $339,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,392 |
| Fees for services: Accounting | $80,783 |
| 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 | $75,132 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $739,302 |
| Travel | $11,568 |
| 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 | $2,318,618 |
| Insurance | $212,280 |
| All other expenses | $386,056 |
| Total functional expenses | $11,256,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,664,843 |
| Savings and temporary cash investments | $75,774 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,765,217 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,423,107 |
| Prepaid expenses and deferred charges | $661,734 |
| Net Land, buildings, and equipment | $14,484,040 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $17,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $229,780 |
| Total assets | $24,321,495 |
| Accounts payable and accrued expenses | $1,574,740 |
| Grants payable | $0 |
| Deferred revenue | $796,131 |
| 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 | $51,597 |
| Total liabilities | $2,422,468 |
| Net assets without donor restrictions | $21,823,253 |
| Net assets with donor restrictions | $75,774 |
| 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 | $24,321,495 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Gamma Fraternity Columbus, OH | $24,648,581 | $44,041,794 |
Kappa Kappa Gamma Fraternity Inc Dublin, OH | $6,485,391 | $48,587,416 |
The Union League Of Philadelphia Philadelphia, PA | $166,421,963 | $49,124,019 |
New York Athletic Club New York, NY | $79,824,386 | $36,957,466 |
Congressional Country Club Inc Bethesda, MD | $78,316,209 | $29,100,314 |
University Club New York, NY | $61,571,312 | $30,883,399 |
Chevy Chase Club Inc Chevy Chase, MD | $66,940,188 | $32,070,138 |
Baltusrol Golf Club Springfield, NJ | $73,541,672 | $26,510,520 |
Winged Foot Golf Club Inc Mamaroneck, NY | $47,661,307 | $23,506,154 |
Woodmont Country Club Rockville, MD | $56,166,542 | $22,075,767 |
New York Yacht Club New York, NY | $54,553,348 | $22,663,268 |
Baltimore Country Club Of Baltimore City Baltimore, MD | $35,586,521 | $23,737,459 |