Socc Inc
- Assets
- $18.6m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 224
- Location
- Bakersfield, CA
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 46-1112605
Organization Overview
Socc Inc is located in Bakersfield, CA. The organization was established in 2014. According to its NTEE Classification (S82) the organization is classified as: Mens Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Socc Inc employed 224 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Socc Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Socc Inc generated $12.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $12.0m during the year ending 12/2023. While expenses have increased by 10.0% per year over the past 6 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
PROMOTE THE BENEFIT, PLEASURE AND RECREATION OF ITS MEMBERS BY OWNING, OPERATING AND MANAGING A GOLF AND SOCIAL CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED FOR THE PLEASURE, RECREATION, AND SOCIAL BENEFITS OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Miller President | OfficerTrustee | 10 | $0 |
Jim Varner President Elect | OfficerTrustee | 5 | $0 |
Gene Lytle Secretary | OfficerTrustee | 5 | $0 |
Mike Anderson Director | Trustee | 5 | $0 |
Clarine Gilliam Director | Trustee | 5 | $0 |
Dave Laut Director | Trustee | 5 | $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 | $9,145,634 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,408 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,980,208 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,154,250 |
| 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. | $160,173 |
| Compensation of current officers, directors, key employees. | $160,173 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,718,709 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,855 |
| Fees for services: Accounting | $32,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $196,349 |
| Advertising and promotion | $172,206 |
| Office expenses | $574,768 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,952,281 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $64,889 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $787,735 |
| Insurance | $0 |
| All other expenses | $69,214 |
| Total functional expenses | $11,958,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $632,999 |
| Savings and temporary cash investments | $1,251,594 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $906,141 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $362,539 |
| Prepaid expenses and deferred charges | $160,513 |
| Net Land, buildings, and equipment | $15,113,235 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $168,682 |
| Total assets | $18,595,703 |
| Accounts payable and accrued expenses | $596,084 |
| Grants payable | $0 |
| Deferred revenue | $288,194 |
| 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 | $1,150,313 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,034,591 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $16,561,112 |
| 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 | $18,595,703 |