Golf Club Co
- Assets
- $14.3m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 65
- Location
- New Albany, OH
- Founding
- 03/1987
- Data as of
- 12/2021
- EIN
- 31-0726877
Organization Overview
Golf Club Co is located in New Albany, OH. The organization was established in 1987. 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 12/2021, Golf Club Co employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golf Club Co is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Golf Club Co generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 3.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH, MAINTAIN, AND OPERATE A GOLF CLUB FOR THE GENERAL USE AND ENJOYMENT OF THE MEMBERS OF THE CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING A PRIVATE GOLF COURSE FOR THE BENEFIT OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Regner Golf Professional | 40 | $180,990 | |
Keith Kresina Golf Course Superintendent | 40 | $161,500 | |
John Sokol Membership Chairman | OfficerTrustee | 7.5 | $0 |
Tom Campbell Treasurer | OfficerTrustee | 7.5 | $0 |
Paul G Heller Chairman Of The Board | OfficerTrustee | 7.5 | $0 |
Matt Walter President / Secretary | OfficerTrustee | 7.5 | $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 | $2,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,500 |
| Total Program Service Revenue | $4,733,061 |
| Investment income | $1,082 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $154 |
| Net Gain/Loss on Asset Sales | $10,239 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $328,137 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,076,648 |
| 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 | $1,528,520 |
| Pension plan accruals and contributions | $70,306 |
| Other employee benefits | $88,509 |
| Payroll taxes | $162,964 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,447 |
| Advertising and promotion | $0 |
| Office expenses | $137,135 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $409,189 |
| Travel | $13,506 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,181 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $634,686 |
| Insurance | $54,165 |
| All other expenses | $94,689 |
| Total functional expenses | $3,934,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $608,669 |
| Savings and temporary cash investments | $764,624 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $892,549 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $416,974 |
| Prepaid expenses and deferred charges | $27,184 |
| Net Land, buildings, and equipment | $11,589,768 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,299,768 |
| Accounts payable and accrued expenses | $794,937 |
| Grants payable | $0 |
| Deferred revenue | $2,868,831 |
| 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 | $0 |
| Total liabilities | $3,663,768 |
| Net assets without donor restrictions | $0 |
| 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 | $10,636,000 |
| Total liabilities and net assets/fund balances | $14,299,768 |
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|---|---|---|
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Overbrook Golf Club Bryn Mawr, PA | $25,446,093 | $10,373,823 |
Academy Of Model Aeronautics Ama Muncie, IN | $14,826,959 | $9,207,922 |
American Philatelic Society Bellefonte, PA | $5,023,195 | $3,137,752 |
Lancaster Country Club Lancaster, PA | $38,766,757 | $8,916,109 |
Lakewood Country Club Company Westlake, OH | $13,232,237 | $7,948,852 |
Idle Hour Country Club Inc Lexington, KY | $13,827,877 | $6,560,806 |
Travis Pointe Country Club Ann Arbor, MI | $3,693,496 | $5,450,943 |
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Portage Country Club Akron, OH | $15,375,950 | $5,578,447 |
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Summit Hills Country Club Inc Crestview Hills, KY | $10,857,837 | $5,231,377 |