Overlake Golf And Country Club
- Assets
- $31.2m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 236
- Location
- Medina, WA
- Founding
- 09/1957
- Data as of
- 12/2022
- EIN
- 91-0588580
Organization Overview
Overlake Golf And Country Club is located in Medina, WA. The organization was established in 1957. 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, Overlake Golf And Country Club employed 236 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Overlake Golf And 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, Overlake Golf And Country Club generated $13.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $12.1m during the year ending 12/2022. While expenses have increased by 7.2% 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
TO PROVIDE AN EXTENSIVE PROGRAM OF GOLF, SOCIAL, AND SWIMMING ACTIVITIES YEAR ROUND WITH AN EMPHASIS ON CAMARADERIE AND FAMILY FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AND MAINTAIN GOLF COURSE AND CLUBHOUSE FOR MEMBERS. ALL MEMBERS HAVE USE OF THE FACILITY
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 |
|---|---|---|---|
Beth Campbell President | OfficerTrustee | $0 | |
Rob Schwartz Vice Preside | OfficerTrustee | $0 | |
Greg Komen Immediate Pa | Trustee | $0 | |
John Andrews Treasurer | OfficerTrustee | $0 | |
Jim Ridgeway Secretary | OfficerTrustee | $0 | |
Sharon Fite Trustee | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ridgetop Golf Construction | 12/30/22 | $995,631 |
Harbor Foodservice Food Purchase | 12/30/22 | $274,881 |
Western Equipment Distributing Equip Provider | 12/30/22 | $176,309 |
Walrath Trucking Trucking | 12/30/22 | $227,748 |
Pacific Golf & Turf Equip Provider | 12/30/22 | $288,201 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,450 |
| 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 | $22,450 |
| Total Program Service Revenue | $10,393,213 |
| Investment income | $3,786 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,619 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,659,012 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,110,288 |
| 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. | $278,671 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,977,467 |
| Pension plan accruals and contributions | $117,363 |
| Other employee benefits | $798,942 |
| Payroll taxes | $567,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,729 |
| Fees for services: Accounting | $15,728 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,511 |
| Advertising and promotion | $0 |
| Office expenses | $111,587 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $723,174 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $114,778 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,597,577 |
| Insurance | $107,373 |
| All other expenses | $570 |
| Total functional expenses | $12,128,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $356,780 |
| Savings and temporary cash investments | $4,017,541 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,706,533 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $170,331 |
| Prepaid expenses and deferred charges | $144,192 |
| Net Land, buildings, and equipment | $24,577,362 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $26,174 |
| Other assets | $220,544 |
| Total assets | $31,219,457 |
| Accounts payable and accrued expenses | $2,270,850 |
| Grants payable | $0 |
| Deferred revenue | $636,011 |
| 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 | $2,846,993 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $221,848 |
| Total liabilities | $5,975,702 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,400,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $19,651,131 |
| Retained earnings, endowment, accumulated income, or other funds | $3,192,624 |
| Total liabilities and net assets/fund balances | $31,219,457 |