Stone Oak Country Club Inc
- Assets
- $6.7m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 203
- Location
- Holland, OH
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 31-1569053
Organization Overview
Stone Oak Country Club Inc is located in Holland, OH. The organization was established in 2002. 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, Stone Oak Country Club Inc employed 203 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stone Oak Country Club Inc 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, Stone Oak Country Club Inc generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 8 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
TO OWN, OPERATE, AND MAINTAIN A PRIVATE GOLF, TENNIS, SWIMMING, DINING, AND SOCIAL CLUB FOR THE RECREATION AND PLEASURE OF ITS MEMBERS AND THEIR FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING PLEASURE, RECREATION, AND SOCIAL OPPORTUNITIES TO ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Tom Padanilam Board President | OfficerTrustee | 2 | $0 |
Mike Deaton Grievance Committee | Trustee | 2 | $0 |
Richard Wandtke Golf Committee | Trustee | 2 | $0 |
David Sipes Treasurer | OfficerTrustee | 2 | $0 |
John Kraus Long Range Planning | Trustee | 2 | $0 |
Jennifer Kearns Social Commitee | Trustee | 2 | $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 | $4,017,202 |
| Investment income | $2,963 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,352 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$162,925 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,836,888 |
| 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 | $1,850,323 |
| Pension plan accruals and contributions | $20,623 |
| Other employee benefits | $61,532 |
| Payroll taxes | $216,095 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $5,564 |
| Office expenses | $2,477 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,016 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $102,744 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $294,151 |
| Insurance | $62,245 |
| All other expenses | $646,209 |
| Total functional expenses | $3,934,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,557 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $450,214 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $65,984 |
| Prepaid expenses and deferred charges | $106,976 |
| Net Land, buildings, and equipment | $5,448,771 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $398,893 |
| Total assets | $6,706,395 |
| Accounts payable and accrued expenses | $343,656 |
| Grants payable | $0 |
| Deferred revenue | $425,921 |
| 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 | $2,921,223 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,690,800 |
| Net assets without donor restrictions | $3,015,595 |
| 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 | $6,706,395 |