Pendennis Club Inc
- Assets
- $1.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 59
- Location
- Louisville, KY
- Founding
- 05/1941
- Data as of
- 10/2022
- EIN
- 61-0304950
Organization Overview
Pendennis Club Inc is located in Louisville, KY. The organization was established in 1941. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 10/2022, Pendennis Club Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pendennis Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2022, Pendennis Club Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $2.1m during the year ending 10/2022. While expenses have increased by 3.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUSINESS PERSON ATHLETIC/SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE BUSINESS, ATHLETIC AND SOCIAL INTERACTION TO THE CLUB'S MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Gerhardt General Manager/ Head Chef | 40 | $134,737 | |
Ozair M Shariff President | OfficerTrustee | 0.5 | $0 |
Thomas S Wobbe Vice President | OfficerTrustee | 0.5 | $0 |
G Kenneth Kapp Treasurer | OfficerTrustee | 0.5 | $0 |
Richard S Cleary Secretary | OfficerTrustee | 0.5 | $0 |
Jeffrey L Watts-Roy Director | Trustee | 0.5 | $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 | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $1,185,045 |
| Investment income | $60 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,760 |
| 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 | $489,150 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,901,103 |
| 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 | $984,428 |
| Pension plan accruals and contributions | $13,819 |
| Other employee benefits | $72,485 |
| Payroll taxes | $73,496 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,119 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,422 |
| Advertising and promotion | $7,010 |
| Office expenses | $61,072 |
| Information technology | $33,323 |
| Royalties | $0 |
| Occupancy | $168,999 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $900 |
| Interest | $16,173 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,817 |
| Insurance | $62,074 |
| All other expenses | $56,422 |
| Total functional expenses | $2,104,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $36,975 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $111,976 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $68,450 |
| Prepaid expenses and deferred charges | $38,022 |
| Net Land, buildings, and equipment | $1,025,702 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,964 |
| Total assets | $1,319,389 |
| Accounts payable and accrued expenses | $177,605 |
| 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 | $480,898 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $658,503 |
| Net assets without donor restrictions | $660,886 |
| 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 | $1,319,389 |
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