The information for Pepper Pike Club Co is as of the organization's most recent filing in October '21. This organization is located in Pepper Pike, OH. It has been in existence for 86 years, following its founding in 1935.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Pepper Pike Club Co's NTEE code is N60. The "N" tells us that the organization is classified along with Recreation & Sports. The "60" tells us that the organization is focused on Amateur Sports. The NTEE describes Amateur Sports organizations as those that provide opportunities for people of all ages to learn, become competitive in, and enjoy organized recreational activities, sports, or games of their choice. These programs may be offered by local clubs devoted to a particular activity or sport, providing coaching assistance, access to equipment and facilities, and organizing amateur competitions at the local or regional level. The organization's C Section Code is 7, which stands for Social and Recreational Clubs. The mission of the Pepper Pike Club Co is to provide social activities for its members.
Within the food & beverage, clubhouse, golf course, grounds, and golf playing program area, the organization provides services for approximately 250 members, their guests, and dependents throughout the year.
Pepper Pike Club Co is run by Richard P Stovsky, who is the President. The organization has 88 employees, with only 6 of them being paid more than $100k per year. Unfortunately, there are no volunteers supporting the staff.
The Pepper Pike Club Co appears to be well-governed based on the provided information. The organization has 12 voting members, all of whom are independent, indicating a diverse and unbiased decision-making process. The absence of potential conflicts of interest further strengthens the organization's governance, ensuring that decisions are made in the best interest of the non-profit and its mission. The fact that the organization has not delegated management to an outside firm suggests that it maintains control over its operations and decision-making processes. This allows for more direct oversight and accountability. Additionally, the documentation of board meetings indicates a commitment to transparency and record-keeping, ensuring that decisions and discussions are properly recorded and can be referred back to if needed. While the lack of documentation for committee meetings is a potential area for improvement, the presence of a conflict of interest policy, disclosure of conflicts, whistleblower policy, and document retention policy demonstrates the organization's commitment to ethical practices and accountability. These policies help prevent and address any conflicts or misconduct that may arise within the organization. The organization's practice of substantiating and reviewing leadership and officer salaries further showcases its dedication to transparency and responsible financial management. By providing copies of the 990 to the board prior to filing, the organization ensures that board members are informed about the organization's financial activities and can provide oversight. Overall, the Pepper Pike Club Co appears to have strong governance practices in place, demonstrating a commitment to transparency, accountability, and ethical conduct.
The nonprofit organization, Pepper Pike Club Co, has experienced growth over the given time period. Program service revenue increased from $3.6 million in 2013 to $4.9 million in 2020. Other revenue also saw an increase, rising from $232.5 thousand in 2013 to $574.5 thousand in 2020. Total revenue followed the same trend, growing from $3.9 million in 2013 to $5.5 million in 2020. Additionally, the organization saw an increase in total employees, from 70 in 2013 to 88 in 2020. However, it is important to note that the total number of volunteers decreased from 22 in 2013 to 0 in 2020.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William M Heffernan Club Manager | 40 | $297,705 | |
Steven Carter Club Manager | Officer | 40 | $264,814 |
Robert S Moss Golf Professional | Officer | 40 | $197,828 |
Kenneth C Happ Grounds Superintendent | Officer | 40 | $195,506 |
Linda M Wasco Controller | Officer | 40 | $157,602 |
Gerald Wilson Executive Chef | 40 | $138,983 |
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 | $4,878,634 |
Investment income | $1,308 |
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 | $258,098 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,454,427 |
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. | $1,186,423 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,056,533 |
Pension plan accruals and contributions | $65,264 |
Other employee benefits | $303,363 |
Payroll taxes | $190,760 |
Fees for services: Management | $0 |
Fees for services: Legal | $7,168 |
Fees for services: Accounting | $34,800 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $5,325 |
Advertising and promotion | $0 |
Office expenses | $70,857 |
Information technology | $22,866 |
Royalties | $0 |
Occupancy | $358,081 |
Travel | $228 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $43,031 |
Interest | $4,558 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $96,183 |
All other expenses | $99,404 |
Total functional expenses | $4,556,154 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $40,363 |
Savings and temporary cash investments | $3,155,591 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $301,670 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $150,759 |
Prepaid expenses and deferred charges | $109,262 |
Net Land, buildings, and equipment | $3,842,811 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $169,653 |
Total assets | $7,770,109 |
Accounts payable and accrued expenses | $371,800 |
Grants payable | $0 |
Deferred revenue | $576,396 |
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 | $0 |
Other liabilities | $165,348 |
Total liabilities | $1,113,544 |
Net assets without donor restrictions | $6,590,265 |
Net assets with donor restrictions | $66,300 |
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 | $7,770,109 |
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