The information for Oglethorpe Club is as of the organization's most recent filing in October '19. This organization is located in Savannah, GA. It has been in existence for 73 years, following its founding in 1946.
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 Oglethorpe Club's NTEE code is N50. The "N" tells us that the organization is classified along with Recreation & Sports. The "50" tells us that the organization is a Recreational Club. The NTEE describes Recreational Clubs as organizations that make available to members and their guests facilities for recreational activities, sports and games, as well as social clubs that provide opportunities for people to meet and socialize with their peers and special interest clubs which enable people to share hobbies or other interests.
Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(7) organization. The IRS describes these organizations as Social and Recreational Clubs.
The mission of the Oglethorpe Club is to provide its members with dining facilities. The club is private and member owned.
The Oglethorpe Club is a private, member owned social club that provides dining facilities for its members.
Oglethorpe Club is run by L Allan Reynolds Jr, who is the President. The organization has 16 employees, of whom one is paid more than $100k per year (according to the organization's most recent 990 tax filing). There are no volunteers supporting the paid staff.
The Oglethorpe Club is well-governed, with 11 voting members and 11 independent members. There are no potential conflicts of interest, and the organization has not delegated management to an outside firm. Board meetings are documented and committee meetings are also documented. The organization does not have a conflict of interest policy, a written whistleblower policy, or a document retention policy. Salaries of leadership and officers are not substantiated and reviewed, however the organization does provide copies of the 990 to the board prior to filing. All of these factors indicate that the Oglethorpe Club is well-governed.
Over the past four years, Oglethorpe Club has experienced both growth and decline. Program Service Revenue increased, while Investment Income and Other Revenue decreased. Total Revenue increased, as did Employee Salaries, but the number of employees decreased. Overall, Total Expenses stayed the same.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Luke E Wolf Executive Ch | 40 | $114,300 | |
John A Coakley III President | OfficerTrustee | 5 | $0 |
John H Atkinson Treasurer | OfficerTrustee | 5 | $0 |
Dale C Critz Jr Vice Preside | OfficerTrustee | 5 | $0 |
Graham P Sadler Secretary | OfficerTrustee | 5 | $0 |
Dr Joe D Christian III Past Preside | Trustee | 0.25 | $0 |
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 | $1,020,055 |
Investment income | $17 |
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 | $347,996 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,726,960 |
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 | $685,587 |
Pension plan accruals and contributions | $17,515 |
Other employee benefits | $167,089 |
Payroll taxes | $57,982 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $26,575 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $39,956 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $104,648 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $127,263 |
Insurance | $28,102 |
All other expenses | $56,058 |
Total functional expenses | $1,541,993 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $273,550 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $209,913 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $70,839 |
Prepaid expenses and deferred charges | $32,492 |
Net Land, buildings, and equipment | $933,501 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $82,966 |
Total assets | $1,603,261 |
Accounts payable and accrued expenses | $180,858 |
Grants payable | $0 |
Deferred revenue | $53,733 |
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 | $0 |
Total liabilities | $234,591 |
Net assets without donor restrictions | $1,368,670 |
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 | $1,603,261 |
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