Oakmont Country Club A Corp
- Assets
- $20.0m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 219
- Location
- Glendale, CA
- Founding
- 01/1958
- Data as of
- 10/2022
- EIN
- 95-1865313
Organization Overview
Oakmont Country Club A Corp is located in Glendale, CA. The organization was established in 1958. 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 10/2022, Oakmont Country Club A Corp employed 219 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakmont Country Club A Corp is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2022, Oakmont Country Club A Corp generated $13.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $13.4m during the year ending 10/2022. While expenses have increased by 4.6% 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
THE PURPOSE OF THE CLUB SHALL BE TO ESTABLISH, MAINTAIN, AND CONDUCT A COUNTRY CLUB FOR THE BENEFIT, PLEASURE, AND RECREATION TO ITS MEMBERS WITHOUT PROFIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED FOR THE PLEASURE, RECREATION, AND SOCIAL BENEFIT OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
K Hons President | OfficerTrustee | 4 | $0 |
A Dick Vice President | OfficerTrustee | 4 | $0 |
C Mcmullen Vice President | OfficerTrustee | 4 | $0 |
M Forbes Treasurer | OfficerTrustee | 4 | $0 |
C Klein Secretary | OfficerTrustee | 4 | $0 |
C Cliver-Reported On Irs-W-2 G.m | Trustee | 40 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,964,402 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $2,738,084 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,702,486 |
| 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 | $6,143,410 |
| Pension plan accruals and contributions | $96,493 |
| Other employee benefits | $159,424 |
| Payroll taxes | $471,489 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $110,340 |
| Advertising and promotion | $0 |
| Office expenses | $40,927 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $457,516 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,588 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,606,041 |
| Insurance | $995,704 |
| All other expenses | $82,424 |
| Total functional expenses | $13,438,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,119,318 |
| Savings and temporary cash investments | $1,053,224 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,661,915 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $584,619 |
| Prepaid expenses and deferred charges | $133,617 |
| Net Land, buildings, and equipment | $15,465,079 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,017,772 |
| Accounts payable and accrued expenses | $1,441,718 |
| Grants payable | $0 |
| Deferred revenue | $1,015,379 |
| 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 | $535,205 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $290,545 |
| Total liabilities | $3,282,847 |
| Net assets without donor restrictions | $0 |
| 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 | $16,734,925 |
| Total liabilities and net assets/fund balances | $20,017,772 |