Oak Hills Golf & Country Club
- Assets
- $2.8m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 86
- Location
- Ada, OK
- Founding
- 02/1949
- Data as of
- 12/2022
- EIN
- 73-0596980
Organization Overview
Oak Hills Golf & Country Club is located in Ada, OK. The organization was established in 1949. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Oak Hills Golf & Country Club employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Hills Golf & Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Oak Hills Golf & Country Club generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 2.1% per year over the past 8 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
PRIVATE SOCIAL CLUB 501 (C) (7). PURPOSE IS TO PROVIDE GOODS AND SERVICES TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING COST OF GOLF COURSE, SWIMMING POOL, TENNIS COURTS, RESTAURANTS AND BARS AND ADMINISTRATIVE EXPENSES ASSOCIATED WITH THESE ACTIVITIES.
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 |
|---|---|---|---|
Michael Huff President | OfficerTrustee | $0 | |
Amy Dougherty Vice-Preside | OfficerTrustee | $0 | |
Boadie Anderson Treasurer | OfficerTrustee | $0 | |
Cliff Underwood Secretary | OfficerTrustee | $0 | |
Chris Kates Director | Trustee | $0 | |
Lorene Black Director | Trustee | $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 | $111,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,775 |
| Total Program Service Revenue | $1,114,527 |
| Investment income | $60 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $565,815 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,814,927 |
| 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 | $783,840 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $81 |
| Payroll taxes | $75,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,781 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,900 |
| Advertising and promotion | $293 |
| Office expenses | $5,229 |
| Information technology | $23,762 |
| Royalties | $0 |
| Occupancy | $8,687 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $130,116 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $725 |
| Insurance | $53,341 |
| All other expenses | $178,570 |
| Total functional expenses | $1,632,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,531 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $213,508 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $45,893 |
| Prepaid expenses and deferred charges | $3,155 |
| Net Land, buildings, and equipment | $2,430,830 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $15,212 |
| Other assets | $0 |
| Total assets | $2,751,129 |
| Accounts payable and accrued expenses | $94,631 |
| 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 | $2,036,039 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,130,670 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $81,852 |
| Paid-in or capital surplus, or land, building, or equipment fund | $97,635 |
| Retained earnings, endowment, accumulated income, or other funds | $440,972 |
| Total liabilities and net assets/fund balances | $2,751,129 |