Berkshire Country Club
- Assets
- $11.8m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 166
- Location
- Reading, PA
- Founding
- 08/1941
- Data as of
- 09/2021
- EIN
- 23-0404700
Organization Overview
Berkshire Country Club is located in Reading, PA. The organization was established in 1941. 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 09/2021, Berkshire Country Club employed 166 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berkshire 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 09/2021, Berkshire Country Club generated $4.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $4.1m during the year ending 09/2021. While expenses have increased by 0.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF WELL-BEING OF ITS MEMBERS IN BOTH A PHYSICAL AND SOCIAL WAY THROUGH USE OF THE CLUB'S ATHLETIC FACILITIES AND SOCIAL FUNCTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD & BEVERAGE
GOLF ACTIVITIES
OTHER SPORTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Herr Vice President | Officer | 2 | $0 |
Kenneth Christian President | Officer | 2 | $0 |
Paula Barrett Treasurer | Officer | 2 | $0 |
Heidi Masano Secretary | Officer | 2 | $0 |
Jacques Jacobson Director | Trustee | 2 | $0 |
Peter Herbein Director | Trustee | 2 | $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 | $4,906,435 |
| Investment income | $52,156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$863,231 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,686,338 |
| 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 | $1,570,754 |
| Pension plan accruals and contributions | $27,415 |
| Other employee benefits | $163,563 |
| Payroll taxes | $145,796 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,948 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $63,028 |
| Information technology | $66,248 |
| Royalties | $0 |
| Occupancy | $301,534 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $184,150 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $571,408 |
| Insurance | $86,993 |
| All other expenses | $27,093 |
| Total functional expenses | $4,102,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $705,356 |
| Savings and temporary cash investments | $1,040,493 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $782,709 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $344,863 |
| Prepaid expenses and deferred charges | $216,246 |
| Net Land, buildings, and equipment | $7,979,733 |
| Investments—publicly traded securities | $733,241 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,500 |
| Total assets | $11,815,141 |
| Accounts payable and accrued expenses | $457,562 |
| Grants payable | $0 |
| Deferred revenue | $420,615 |
| 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 | $5,260,541 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $733,241 |
| Total liabilities | $6,871,959 |
| Net assets without donor restrictions | $4,943,182 |
| 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 | $11,815,141 |
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