Kenwood Country Club
- Assets
- $26.9m
- Revenue
- $14.0m
- Investments
- $0.0
- Employees
- 389
- Location
- Cincinnati, OH
- Founding
- 04/1940
- Data as of
- 03/2023
- EIN
- 31-0339280
Organization Overview
Kenwood Country Club is located in Cincinnati, OH. The organization was established in 1940. 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 03/2023, Kenwood Country Club employed 389 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kenwood 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 03/2023, Kenwood Country Club generated $14.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $13.8m during the year ending 03/2023. While expenses have increased by 6.8% 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
OUR MISSION IS TO REMAIN THE PREMIER GOLF AND COUNTRY CLUB IN THE GREATER CINCINNATI AREA. WE WILL CONTINUE OUR TRADITION OF OFFERING A WELCOMING, INCLUSIVE, FAMILY-FRIENDLY ATMOSPHERE WITH SOCIAL AND RECREATIONAL ACTIVITIES FOR MEMBERS AND GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROUNDS AND GREENS EXPENSES
LOCKER ROOMS, SWIMMING, TENNIS, ETC.
CLUBHOUSE EXPENSES
GOLF SHOP EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brock Denton President | OfficerTrustee | 2 | $0 |
Don Rafferty First Vice President | OfficerTrustee | 2 | $0 |
Kevin Jones Second Vice President | OfficerTrustee | 2 | $0 |
Thomas Morand Third Vice President/treas | OfficerTrustee | 2 | $0 |
William Oeters Treasurer | OfficerTrustee | 2 | $0 |
Nick Reilly Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alsco Inc Linen Services | 3/30/23 | $185,828 |
Der Development Co Llc Construction Services | 3/30/23 | $135,191 |
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 | $14,654,319 |
| Investment income | $3,396 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,410 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$941,370 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,036,861 |
| 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. | $867,516 |
| Compensation of current officers, directors, key employees. | $867,516 |
| Compensation to disqualified persons | $3,953,215 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $93,645 |
| Other employee benefits | $523,699 |
| Payroll taxes | $469,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76,277 |
| Fees for services: Accounting | $0 |
| 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 | $270,898 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,051,915 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $555,200 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,915,412 |
| Insurance | $165,273 |
| All other expenses | $711,966 |
| Total functional expenses | $13,820,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $197,536 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,749,984 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $611,866 |
| Prepaid expenses and deferred charges | $401,274 |
| Net Land, buildings, and equipment | $21,912,846 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,007,406 |
| Total assets | $26,880,912 |
| Accounts payable and accrued expenses | $1,629,530 |
| Grants payable | $0 |
| Deferred revenue | $1,101,664 |
| 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 | $11,110,863 |
| Unsecured mortgages and notes payable | $700,000 |
| Other liabilities | $0 |
| Total liabilities | $14,542,057 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $12,338,855 |
| 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 | $26,880,912 |