Ohio State University Faculty Club
- Assets
- $1.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 52
- Location
- Columbus, OH
- Founding
- 04/1946
- Data as of
- 06/2022
- 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 06/2022, Ohio State University Faculty Club employed 52 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 06/2022, Ohio State University Faculty Club generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 6 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
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Jeffrey White Executive Di | 40 | $131,572 | |
Mr William Hiser Recording Se | Officer | 40 | $75,000 |
Mrs Sarah Favara Executive Di | Officer | 40 | $34,247 |
Dr Phillip Anderson Member At La | Trustee | 1 | $0 |
Mr Mark Bartman Member At La | Trustee | 1 | $0 |
Dr John Buford Member At La | Trustee | 1 | $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 | $1,377,643 |
| Investment income | $6,015 |
| 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 | $1,402,901 |
| 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. | $109,247 |
| Compensation of current officers, directors, key employees. | $33,867 |
| Compensation to disqualified persons | $131,572 |
| Other salaries and wages | $648,490 |
| Pension plan accruals and contributions | $16,141 |
| Other employee benefits | $157,011 |
| Payroll taxes | $58,567 |
| 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 | $175,050 |
| Advertising and promotion | $25,187 |
| Office expenses | $19,819 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,265 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,999 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,770 |
| Insurance | $11,201 |
| All other expenses | $0 |
| Total functional expenses | $1,512,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $634,948 |
| Savings and temporary cash investments | $140,584 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $173,224 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,478 |
| Prepaid expenses and deferred charges | $13,149 |
| Net Land, buildings, and equipment | $388,599 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $1,375,982 |
| Accounts payable and accrued expenses | $126,416 |
| Grants payable | $0 |
| Deferred revenue | $21,544 |
| 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 | $500,000 |
| Other liabilities | $124,200 |
| Total liabilities | $772,160 |
| Net assets without donor restrictions | $603,822 |
| 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 | $1,375,982 |