Petroleum Club Of Lafayette
- Assets
- $4.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 85
- Location
- Lafayette, LA
- Founding
- 08/1954
- Data as of
- 03/2022
- EIN
- 72-0455265
Organization Overview
Petroleum Club Of Lafayette is located in Lafayette, LA. The organization was established in 1954. 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 03/2022, Petroleum Club Of Lafayette employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Petroleum Club Of Lafayette is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2022, Petroleum Club Of Lafayette generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $1.8m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 6 years. 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
SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL CLUB
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rene Cheramie President | OfficerTrustee | $0 | |
See Attached Schedule Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $975,783 |
| 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 | $975,783 |
| Total Program Service Revenue | $0 |
| Investment income | $1,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$40,027 |
| 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 | $814,924 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,954,288 |
| 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 | $684,341 |
| Pension plan accruals and contributions | $4,392 |
| Other employee benefits | $63,042 |
| Payroll taxes | $74,424 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,261 |
| Fees for services: Accounting | $36,992 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,687 |
| Office expenses | $26,182 |
| Information technology | $39,359 |
| 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 | $38,467 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $220,964 |
| Insurance | $93,855 |
| All other expenses | $91,163 |
| Total functional expenses | $1,765,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $548,905 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $222,330 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $257,053 |
| Inventories for sale or use | $77,822 |
| Prepaid expenses and deferred charges | $10,039 |
| Net Land, buildings, and equipment | $3,154,232 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,197 |
| Total assets | $4,279,578 |
| Accounts payable and accrued expenses | $56,319 |
| 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 | $1,071,847 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $152,993 |
| Total liabilities | $1,281,159 |
| Net assets without donor restrictions | $2,998,419 |
| 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 | $4,279,578 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shady Oaks Country Club Inc Fort Worth, TX | $32,968,656 | $15,253,565 |
Midland Country Club Midland, TX | $28,175,865 | $15,973,291 |
Green Tree Country Club Midland, TX | $24,557,107 | $12,993,458 |
Dngc Member Club Inc Dallas, TX | $29,289,418 | $12,348,181 |
Unity One Credit Union Fort Worth, TX | $307,107,463 | $12,194,283 |
Baton Rouge Country Club Inc Baton Rouge, LA | $28,846,628 | $10,362,184 |
Brae Burn Country Club Houston, TX | $18,876,104 | $6,861,464 |
Mira Vista Country Club Fort Worth, TX | $16,102,268 | $9,038,386 |
Dallas Petroleum Club Dallas, TX | $6,437,336 | $6,134,462 |
Krewe Of Bacchus Inc New Orleans, LA | $5,050,746 | $6,016,204 |
Westwood Country Club Inc Houston, TX | $8,686,172 | $4,577,698 |
River Hills Club Of Jackson Inc Jackson, MS | $9,139,589 | $4,526,237 |