Beechmont Inc
- Assets
- $9.0m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 261
- Location
- Cleveland, OH
- Founding
- 09/1944
- Data as of
- 09/2022
- 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 09/2022, Beechmont Inc employed 261 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 09/2022, Beechmont Inc generated $6.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $6.4m during the year ending 09/2022. While expenses have increased by 3.3% 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
2022
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, A GOLF COURSE AND CLUBHOUSE, SOCIAL ACTIVITIES, AND OTHER RELATED FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erv Pavlofsky President | OfficerTrustee | 1 | $0 |
Ryan Lepene Vice President | OfficerTrustee | 1 | $0 |
Andy Randall Treasurer | OfficerTrustee | 1 | $0 |
Gary Shamis Comptroller | OfficerTrustee | 1 | $0 |
Denise Farkas Secretary | OfficerTrustee | 1 | $0 |
Joey Bernon Director | Trustee | 0.7 | $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 | $6,224,877 |
| Investment income | $209 |
| 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 | -$53,846 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,225,408 |
| 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 | $2,363,848 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $365,481 |
| Payroll taxes | $398,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,463 |
| Fees for services: Accounting | $19,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,387 |
| Advertising and promotion | $0 |
| Office expenses | $649,643 |
| Information technology | $56,914 |
| Royalties | $0 |
| Occupancy | $552,694 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,765 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $979,445 |
| Insurance | $105,069 |
| All other expenses | $56,812 |
| Total functional expenses | $6,420,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $847,136 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,094,508 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $596,982 |
| Prepaid expenses and deferred charges | $146,492 |
| Net Land, buildings, and equipment | $5,883,285 |
| Investments—publicly traded securities | $435,045 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,003,448 |
| Accounts payable and accrued expenses | $1,283,051 |
| Grants payable | $0 |
| Deferred revenue | $352,582 |
| 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 | $2,076,721 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $317,402 |
| Total liabilities | $4,029,756 |
| Net assets without donor restrictions | $4,973,692 |
| 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 | $9,003,448 |