Ohio State University Faculty Club
- Assets
- $1.2m
- Revenue
- $870.0k
- Investments
- $0.0
- Employees
- 58
- Location
- Columbus, OH
- Founding
- 04/1946
- Data as of
- 06/2021
- EIN
- 31-4176230
Organization Overview
Ohio State University Faculty Club is located in Columbus, OH. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Ohio State University Faculty Club employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio State University Faculty Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2021, Ohio State University Faculty Club generated $870.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT FACULTY OF STATE SUPPORTED UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES DINING SERVICES TO ITS MEMBERS; GENERALLY, FACULTY OF THE OHIO STATE UNIVERSITY
THE ORGANIZATION PROVIDES DINING SERVICES TO ITS MEMBERS; GENERALLY, FACULTY OF THE OHIO STATE UNIVERSITY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Jeffrey White Executive Director | Officer | 40 | $127,855 |
Mr William Hiser Clubhouse Mgr/recording Se | Officer | 40 | $67,471 |
Dr Steven Fink President | OfficerTrustee | 1 | $0 |
Mr Damon Jaggards President Elect | OfficerTrustee | 1 | $0 |
Mrs Cynthia Preston Past President | OfficerTrustee | 1 | $0 |
Mr Eric Smith Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $7,614 |
| 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 | $870,011 |
| Statement of Expenses | |
|---|---|
| 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. | $256,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $411,288 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,691 |
| Payroll taxes | $39,474 |
| 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 | $22,539 |
| Advertising and promotion | $25,659 |
| Office expenses | $24,880 |
| Information technology | $20,674 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,945 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,370 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $137,335 |
| Insurance | $13,874 |
| All other expenses | $0 |
| Total functional expenses | $1,181,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,351 |
| Savings and temporary cash investments | $325,061 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $124,674 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,695 |
| Prepaid expenses and deferred charges | $10,953 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,140 |
| Total assets | $1,177,265 |
| Accounts payable and accrued expenses | $244,178 |
| Grants payable | $0 |
| Deferred revenue | $50,445 |
| 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 | $299,167 |
| Other liabilities | $47,300 |
| Total liabilities | $641,090 |
| 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 |
| Total liabilities and net assets/fund balances | $536,175 |
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