Sycamore Creek Country Club
- Assets
- $4.5m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 129
- Location
- Springboro, OH
- Founding
- 10/1961
- Data as of
- 03/2023
- EIN
- 31-0617387
Organization Overview
Sycamore Creek Country Club is located in Springboro, OH. The organization was established in 1961. 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 03/2023, Sycamore Creek Country Club employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sycamore Creek 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, Sycamore Creek Country Club generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $3.5m during the year ending 03/2023. While expenses have increased by 2.1% 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
THE SYCAMORE CREEK COUNTRY CLUB IS A PRIVATE MEMBER-OWNED GOLF CLUB ESTABLISHED FOR THE SOCIAL AND RECREATIONAL ENJOYMENT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTAURANT SERVICE - PURPOSE TO PROVIDE A SOCIAL GATHERING PLACE FOR ALL MEMBERS OF THE CLUB - ONGOING ACTIVITY.
CLUBHOUSE - PURPOSE TO PROVIDE A COMMON AREA FOR MEMBERS IN CONNECTION WITH THE SOCIAL GATHERING FOR ACTIVITIES AND TO FACILITATE PROFESSIONAL AND SOCIAL AFFAIRS. SEE FIRST THROUGH THIRD EXEMPT PURPOSE
SWIMMING POOL AND TENNIS COURT - PURPOSE TO PROVIDE ATHLETIC AND RECREATIONAL FACILITY AS A GATHERING PLACE FOR BENEFIT OF ALL MEMBERS
GOLF COURSE - PURPOSE TO PROVIDE AN ON-GOING ATHLETIC AND RECREATIONAL FACILITY FOR THE USE AND BENEFIT OF PARTICIPATING MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Brasser Vice Preside | OfficerTrustee | $0 | |
Jack Craft Board Member | Trustee | $0 | |
Brad Dunaway Treasurer | OfficerTrustee | $0 | |
Mike Hogan Board Member | Trustee | $0 | |
Bill Hogan Board Member | Trustee | $0 | |
Pam Mckinney Board Member | Trustee | $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 | $3,831,788 |
| Investment income | $880 |
| 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 | $4,442,131 |
| 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 | $1,564,431 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $102,906 |
| Payroll taxes | $150,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,800 |
| Office expenses | $14,006 |
| Information technology | $41,655 |
| Royalties | $0 |
| Occupancy | $115,591 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,839 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $226,769 |
| Insurance | $46,856 |
| All other expenses | $342,993 |
| Total functional expenses | $3,521,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $809,494 |
| Savings and temporary cash investments | $698,602 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $339,732 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,331 |
| Prepaid expenses and deferred charges | $218,583 |
| Net Land, buildings, and equipment | $2,333,116 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,965 |
| Total assets | $4,468,823 |
| Accounts payable and accrued expenses | $541,564 |
| Grants payable | $0 |
| Deferred revenue | $362,617 |
| 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 | $1,918,957 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$43,135 |
| Total liabilities | $2,780,003 |
| Net assets without donor restrictions | $1,598,009 |
| Net assets with donor restrictions | $90,811 |
| 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 | $4,468,823 |