Beechmont Inc
- Assets
- $9.1m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 191
- Location
- Cleveland, OH
- Founding
- 09/1944
- Data as of
- 09/2021
- EIN
- 34-0090875
Organization Overview
Beechmont Inc is located in Cleveland, OH. The organization was established in 1944. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, Beechmont Inc employed 191 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beechmont Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2021, Beechmont Inc generated $5.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $5.1m during the year ending 09/2021. 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
THE CLUB PROVIDES RECREATIONAL FACILITIES AND FOOD SERVICE TO ITS MEMBERS. FACILITIES INCLUDE A GOLF COURSE, TENNIS COURTS, SWIMMING POOL, AND EXERCISE EQUIPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB OFFERS ITS MEMBERS FULL COUNTRY CLUB SERVICES INCLUDING RESTAURANT & DINING FACILITIES.
THE CLUB OFFERS ITS MEMBERS FULL COUNTRY CLUB SERVICES INCLUDING GOLF COURSE & FACILITIES.
THE CLUB OFFERS ITS MEMBERS FULL COUNTRY CLUB SERVICES INCLUDING SOCIAL ACTIVITIES & CLUBHOUSE FACILITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Kamat Director | Officer | 0.7 | $0 |
Chad Schreibman Vice President | Officer | 1 | $0 |
Jason Morris Treasurer | Officer | 1 | $0 |
Matthew Friedman President | Officer | 1 | $0 |
Barry Cohn Director | Trustee | 0.7 | $0 |
Michael Hennenberg Director | Trustee | 0.7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,540,344 |
| 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 | $4,540,344 |
| Total Program Service Revenue | $1,356,801 |
| Investment income | $1,686 |
| 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 | -$250,633 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,909,930 |
| 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 | $1,385,766 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $329,167 |
| Payroll taxes | $348,094 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22 |
| Fees for services: Accounting | $14,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,557 |
| Advertising and promotion | $0 |
| Office expenses | $524,232 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50,581 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $994,117 |
| Insurance | $98,300 |
| All other expenses | $537,158 |
| Total functional expenses | $5,073,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $534,155 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,044,734 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $408,818 |
| Prepaid expenses and deferred charges | $91,707 |
| Net Land, buildings, and equipment | $6,348,834 |
| Investments—publicly traded securities | $704,455 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,750 |
| Total assets | $9,135,453 |
| Accounts payable and accrued expenses | $1,132,306 |
| Grants payable | $0 |
| Deferred revenue | $393,456 |
| 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 | $2,006,173 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $383,448 |
| Total liabilities | $3,915,383 |
| Net assets without donor restrictions | $5,220,070 |
| 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 | $9,135,453 |
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