Llanerch Country Club
- Assets
- $17.3m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 224
- Location
- Havertown, PA
- Founding
- 07/1946
- Data as of
- 12/2022
- EIN
- 23-0815390
Organization Overview
Llanerch Country Club is located in Havertown, PA. The organization was established in 1946. 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, Llanerch Country Club employed 224 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Llanerch 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, Llanerch Country Club generated $7.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $5.7m during the year ending 12/2022. While expenses have increased by 2.6% 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
TO ENCOURAGE THE PLAYING OF GOLF AND OTHER ATHLETIC ACTIVITIES AS WELL AS AFFORDING THE OPPORTUNITY OF SOCIAL ENJOYMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTAURANT & BAR
GOLF
TENNIS & SWIMMING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Giangiulio Director | Trustee | 1 | $0 |
Charles Lee Director | Trustee | 1 | $0 |
Brideen Gallagher Director | Trustee | 1 | $0 |
Patrick Welde Director | Trustee | 1 | $0 |
Andrew Coll Director | Trustee | 1 | $0 |
Kevin Mullen Director | Trustee | 1 | $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 | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $6,963,872 |
| Investment income | $9,408 |
| 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 | -$22,539 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,564,390 |
| 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 | $1,904,963 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $139,092 |
| Payroll taxes | $233,438 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,883 |
| 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 | $107,998 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $545,347 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $140,337 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $984,255 |
| Insurance | $231,472 |
| All other expenses | $265,679 |
| Total functional expenses | $5,714,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $852,210 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $722,489 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $310,501 |
| Prepaid expenses and deferred charges | $357,926 |
| Net Land, buildings, and equipment | $14,840,762 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $259,993 |
| Total assets | $17,343,881 |
| Accounts payable and accrued expenses | $651,460 |
| Grants payable | $0 |
| Deferred revenue | $1,218,493 |
| 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 | $2,971,486 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $463,408 |
| Total liabilities | $5,304,847 |
| Net assets without donor restrictions | $12,039,034 |
| 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 | $17,343,881 |