Overlake Golf And Country Club
- Assets
- $29.4m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 239
- Location
- Medina, WA
- Founding
- 09/1957
- Data as of
- 12/2021
- 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 12/2021, Overlake Golf And Country Club employed 239 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 12/2021, Overlake Golf And Country Club generated $12.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $10.9m during the year ending 12/2021. 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
2021
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
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelly Inman General Mana | Officer | 40 | $219,965 |
Mark Sursely Golf Profess | 40 | $200,385 | |
Cory Brown Superintende | 40 | $179,683 | |
Judy Ann Clark Controller | 40 | $154,909 | |
Alexander Nemeth Executive Ch | 40 | $144,511 | |
Adam Rogers Golf Profess | 40 | $118,012 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charlie's Produce Inc Food Delivery | 12/30/21 | $139,727 |
Harbor Foodservice Food Purchase | 12/30/21 | $163,813 |
Interbay Food Company Food Purchase | 12/30/21 | $129,833 |
West Coast Janitorial Llc Cleaning | 12/30/21 | $125,163 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,013,595 |
| 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 | $1,013,595 |
| Total Program Service Revenue | $8,857,274 |
| Investment income | $3,693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,404 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,192,380 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,082,027 |
| 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 | $5,286,024 |
| Pension plan accruals and contributions | $95,185 |
| Other employee benefits | $649,354 |
| Payroll taxes | $490,235 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,749 |
| Fees for services: Accounting | $15,474 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,376 |
| Advertising and promotion | $0 |
| Office expenses | $120,321 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $740,388 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $126,601 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,557,988 |
| Insurance | $91,184 |
| All other expenses | $554 |
| Total functional expenses | $10,866,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,547 |
| Savings and temporary cash investments | $4,609,937 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,338,227 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $169,899 |
| Prepaid expenses and deferred charges | $135,179 |
| Net Land, buildings, and equipment | $23,055,323 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,417,112 |
| Accounts payable and accrued expenses | $1,491,453 |
| Grants payable | $0 |
| Deferred revenue | $497,470 |
| 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 | $3,164,998 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,015 |
| Total liabilities | $5,154,936 |
| 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 | $19,218,524 |
| Retained earnings, endowment, accumulated income, or other funds | $2,643,652 |
| Total liabilities and net assets/fund balances | $29,417,112 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Multnomah Athletic Club Portland, OR | $105,959,978 | $39,135,600 |
Boys And Girls Clubs Of King County Seattle, WA | $61,751,786 | $21,833,382 |
Track Town Usa Inc Eugene, OR | $22,816,196 | $29,424,138 |
Overlake Golf And Country Club Medina, WA | $29,417,112 | $12,082,027 |
Waverley Country Club Portland, OR | $15,287,232 | $9,034,980 |
Portland Golf Club Portland, OR | $13,576,929 | $9,879,957 |
Broadmoor Golf Club Seattle, WA | $17,865,105 | $8,643,094 |
Seattle Yacht Club Seattle, WA | $30,460,626 | $8,534,744 |
Seattle Tennis Club Seattle, WA | $26,695,930 | $9,613,446 |
Eugene Country Club Eugene, OR | $18,840,181 | $10,610,025 |
Sahalee Country Club Sammamish, WA | $23,374,179 | $8,767,050 |
Glendale Country Club Bellevue, WA | $11,150,711 | $6,731,979 |