Oconomowoc Lake Club
- Assets
- $3.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 80
- Location
- Oconomowoc, WI
- Founding
- 05/1950
- Data as of
- 12/2021
- EIN
- 39-0513325
Organization Overview
Oconomowoc Lake Club is located in Oconomowoc, WI. The organization was established in 1950. 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 12/2021, Oconomowoc Lake Club employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oconomowoc Lake Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Oconomowoc Lake Club generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $962.3k during the year ending 12/2021. While expenses have increased by 1.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL CLUB
SOCIAL CLUB
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Marek Commodore | OfficerTrustee | $0 | |
Scott Seefeld Treasurer | OfficerTrustee | $0 | |
Patrick Sheahan Vice Commodo | OfficerTrustee | $0 | |
Amber Balistreri-Ottson Director | Trustee | $0 | |
Daniel Hlavachek Director | Trustee | $0 | |
Jef Fitch III Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $171,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $282,400 |
| Total Program Service Revenue | $1,177,450 |
| Investment income | $1,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $274 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $299,834 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,761,644 |
| 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 | $196,280 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $200,939 |
| Payroll taxes | $15,928 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,624 |
| Office expenses | $18,172 |
| 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 | $21,590 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,316 |
| Insurance | $32,579 |
| All other expenses | $207,302 |
| Total functional expenses | $962,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $638,098 |
| Savings and temporary cash investments | $282,785 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $211,445 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $71,637 |
| Prepaid expenses and deferred charges | $48,034 |
| Net Land, buildings, and equipment | $1,810,948 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,326 |
| Total assets | $3,087,273 |
| Accounts payable and accrued expenses | $154,962 |
| Grants payable | $0 |
| Deferred revenue | $232,748 |
| 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 | $397,646 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $59,886 |
| Total liabilities | $845,242 |
| Net assets without donor restrictions | $0 |
| 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 | $2,242,031 |
| Total liabilities and net assets/fund balances | $3,087,273 |
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