Country Club Inc
- Assets
- $14.7m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 362
- Location
- Pepper Pike, OH
- Founding
- 08/1941
- Data as of
- 03/2023
- EIN
- 34-0166042
Organization Overview
Country Club Inc is located in Pepper Pike, OH. The organization was established in 1941. 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 03/2023, Country Club Inc employed 362 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 03/2023, Country Club Inc generated $12.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $11.6m during the year ending 03/2023. While expenses have increased by 2.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FAMILY-ORIENTED COUNTRY CLUB WITH FIRST-CLASS FACILITIES & SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee C Banks President | OfficerTrustee | 3 | $0 |
John H Krieger Vice-President | OfficerTrustee | 3 | $0 |
Gregg G Muresan Treasurer | OfficerTrustee | 3 | $0 |
Jason Palus Assistant Treasurer | OfficerTrustee | 3 | $0 |
Jon J Pinney Secretary | OfficerTrustee | 3 | $0 |
Michael C Adams Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Engelke Construction Solutions Paddle Tennis Construction | 3/30/22 | $724,529 |
Total Platform Tennis Paddle Tennis Construction | 3/30/22 | $311,222 |
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 | $6,997,355 |
| Investment income | $483 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $182,846 |
| 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 | $4,399,088 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,103,731 |
| 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. | $593,256 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,856,524 |
| Pension plan accruals and contributions | $26,499 |
| Other employee benefits | $669,474 |
| Payroll taxes | $467,254 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,150 |
| Fees for services: Accounting | $38,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $258,428 |
| Advertising and promotion | $0 |
| Office expenses | $226,335 |
| Information technology | $60,356 |
| Royalties | $0 |
| Occupancy | $691,377 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,609 |
| Interest | $229,663 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $590,911 |
| Insurance | $141,236 |
| All other expenses | $784,224 |
| Total functional expenses | $11,557,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,295,392 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,698,231 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $573,418 |
| Prepaid expenses and deferred charges | $105,721 |
| Net Land, buildings, and equipment | $8,590,239 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $406,850 |
| Total assets | $14,669,851 |
| Accounts payable and accrued expenses | $1,225,341 |
| Grants payable | $0 |
| Deferred revenue | $1,303,097 |
| 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 | $6,231,778 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $729,269 |
| Total liabilities | $9,489,485 |
| Net assets without donor restrictions | $5,180,366 |
| 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 | $14,669,851 |