Green Oaks Country Club
- Assets
- $5.6m
- Revenue
- $2.8m
- Investments
- $431.0k
- Employees
- 71
- Location
- Verona, PA
- Founding
- 01/1957
- Data as of
- 12/2022
- EIN
- 25-1009421
Organization Overview
Green Oaks Country Club is located in Verona, PA. The organization was established in 1957. 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 12/2022, Green Oaks Country Club employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Green Oaks 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 12/2022, Green Oaks Country Club generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. 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
A NON-PROFIT ORGANIZATION ORGANIZED TO OWN, ESTABLISH AND, MAINTAIN A SOCIAL ORGANIZATION WITH CLUBHOUSE, GOLF COURSE, TENNIS COURTS, SWIMMING POOL AND OTHER RECREATIONAL FACILITIES FOR THE BENEFIT OF ITS MEMEBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT OF PRIMARY EXEMPT PURPOSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronna L Clements Membership D | $180,827 | ||
Toby Kiggins Grounds Supe | $136,362 | ||
Doug Cargnel Treasurer | OfficerTrustee | $0 | |
Norman Childs 1st Vice Pre | OfficerTrustee | $0 | |
Michael Goldstein ESQ CPA Prior Presid | OfficerTrustee | $0 | |
Scott Graham Secretary | OfficerTrustee | $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 | $2,848,549 |
| Investment income | $379 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,848,928 |
| 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 | $1,448,241 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,071 |
| Payroll taxes | $24,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,803 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,078 |
| Office expenses | $39,203 |
| Information technology | $51,737 |
| 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 | $0 |
| Interest | $57,211 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $231,173 |
| Insurance | $68,886 |
| All other expenses | $440,857 |
| Total functional expenses | $3,052,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,271 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $166,951 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,025 |
| Prepaid expenses and deferred charges | $7,699 |
| Net Land, buildings, and equipment | $4,392,503 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $431,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $426,067 |
| Total assets | $5,616,516 |
| Accounts payable and accrued expenses | $48,080 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,027,122 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $637,138 |
| Total liabilities | $3,712,340 |
| Net assets without donor restrictions | $1,904,176 |
| 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 | $5,616,516 |