Fairlawn Country Club Company
- Assets
- $9.2m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 253
- Location
- Akron, OH
- Founding
- 03/1938
- Data as of
- 02/2023
- EIN
- 34-0212170
Organization Overview
Fairlawn Country Club Company is located in Akron, OH. The organization was established in 1938. 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 02/2023, Fairlawn Country Club Company employed 253 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairlawn Country Club Company is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 02/2023, Fairlawn Country Club Company generated $7.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $7.0m during the year ending 02/2023. While expenses have increased by 3.3% 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
PRIVATE SOCIAL ORGANIZATION PROVIDING ENTERTAINMENT, RECREATION, AND ENJOYMENT FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE SOCIAL ORGANIZATION PROVIDING ENTERTAINMENT, RECREATION, AND ENJOYMENT FOR MEMBERS, THEIR FAMILIES, AND GUESTS - MEMBER SERVICES WERE REDUCED IN FIRST QUARTER DUE TO COVID RESTRICTIONS REGARDING OCCUPANCY AND SOCIAL GATHERINGS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Wright President | OfficerTrustee | 2 | $0 |
Scott Ankrom Vice President | OfficerTrustee | 2 | $0 |
Phillip Oliveri Treasurer | OfficerTrustee | 2 | $0 |
Nevin Nussbaum Secretary | OfficerTrustee | 2 | $0 |
Matthew Eldred Trustee | Trustee | 2 | $0 |
Sarah Thomarios Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northern Haserot Food Service Distribution | 2/27/23 | $563,176 |
Scandinavian Signature Construction Co Construction/rennovation | 2/27/23 | $319,450 |
Trident Restoration Water Damage Restoration Services | 2/27/23 | $225,808 |
Beaver Excavating Civil Construction, Site Development | 2/27/23 | $304,240 |
Benchmark Mechanical Ltd Hvac Contractor | 2/27/23 | $177,515 |
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 | $5,285,183 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$103,697 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,684,688 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,501,207 |
| 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. | $290,555 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,236,064 |
| Pension plan accruals and contributions | $12,414 |
| Other employee benefits | $225,866 |
| Payroll taxes | $321,900 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,077 |
| 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 | $188,777 |
| Advertising and promotion | $0 |
| Office expenses | $120,233 |
| Information technology | $120,761 |
| Royalties | $0 |
| Occupancy | $396,095 |
| Travel | $34,451 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,862 |
| Interest | $33,899 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $690,860 |
| Insurance | $103,033 |
| All other expenses | $507,291 |
| Total functional expenses | $7,028,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,176,299 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,025 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $137,194 |
| Prepaid expenses and deferred charges | $231,104 |
| Net Land, buildings, and equipment | $6,628,008 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,244,630 |
| Accounts payable and accrued expenses | $745,451 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,897,547 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,642,998 |
| Net assets without donor restrictions | $6,601,632 |
| 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 | $9,244,630 |