Lake Ardmore Club Assn
- Assets
- $346.4k
- Revenue
- $101.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Ardmore, OK
- Founding
- 10/1959
- Data as of
- 12/2023
- EIN
- 73-0560123
Organization Overview
Lake Ardmore Club Assn is located in Ardmore, OK. The organization was established in 1959. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Ardmore Club Assn 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, Lake Ardmore Club Assn generated $101.1k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $103.7k during the year ending 12/2023. 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
PROVIDE HUNTING AND FISHING OPPORTUNITIES TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LAKE AND GROUNDS WERE MADE AVAILABLE TO 150 MEMBERS FOR THEIR SOCIALIZATION AND ENJOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Rudd Treasurer | Officer | 1 | $8,550 |
Cher Lorentz Secretary | Officer | 0.5 | $600 |
David Blankenship Director | Trustee | 0.5 | $0 |
Jolene Larecy Director | Trustee | 0.5 | $0 |
Jim Waits Vice-Preside | Officer | 0.5 | $0 |
Tuck Wilkinson President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $85,562 |
| 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 | $85,562 |
| Total Program Service Revenue | $0 |
| Investment income | $424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $95 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $101,098 |
| 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. | $9,150 |
| Compensation of current officers, directors, key employees. | $4,575 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,261 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $355 |
| Advertising and promotion | $0 |
| Office expenses | $954 |
| Information technology | $1,126 |
| Royalties | $0 |
| Occupancy | $45,242 |
| Travel | $5,833 |
| 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 | $0 |
| Insurance | $10,067 |
| All other expenses | $0 |
| Total functional expenses | $103,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,693 |
| Savings and temporary cash investments | $287 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$21 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $299,456 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $346,415 |
| Accounts payable and accrued expenses | $419 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $419 |
| Net assets without donor restrictions | $345,996 |
| 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 | $346,415 |