Overbrook Golf Club
- Assets
- $25.4m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 277
- Location
- Bryn Mawr, PA
- Founding
- 08/1988
- Data as of
- 09/2021
- EIN
- 23-0936350
Organization Overview
Overbrook Golf Club is located in Bryn Mawr, PA. The organization was established in 1988. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, Overbrook Golf Club employed 277 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Overbrook Golf 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, Overbrook Golf Club generated $10.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $9.1m during the year ending 09/2021. While expenses have increased by 2.9% 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
PROVIDE A VENUE FOR GOLF AND OTHER ATHLETIC ACTIVITIES, AS WELL AS FOR SOCIAL ACTIVITES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTAURANT & BAR
GOLF ACTIVITIES
POOL & OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Collins Greens Superintendent | 55 | $234,200 | |
Eric Kennedy Head Golf Professional | 55 | $206,715 | |
Steven Uyeno General Manager | Officer | 60 | $159,030 |
Joseph Nagle CFO | 55 | $147,881 | |
Steven Hall Tennis Pro | 50 | $134,329 | |
Vincent Bartorillo Assistant Gm | 60 | $124,852 |
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 | $9,253,915 |
| Investment income | $1,230 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,842 |
| Net Gain/Loss on Asset Sales | $21,700 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$140,735 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,373,823 |
| 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. | $159,030 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,682,911 |
| Pension plan accruals and contributions | $150,154 |
| Other employee benefits | $231,893 |
| Payroll taxes | $240,551 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,900 |
| 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 | $38,953 |
| Information technology | $56,534 |
| Royalties | $0 |
| Occupancy | $559,896 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,480 |
| Interest | $147,835 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,865,296 |
| Insurance | $235,153 |
| All other expenses | $675,195 |
| Total functional expenses | $9,050,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,332,739 |
| Savings and temporary cash investments | $2,481,920 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,196,603 |
| Loans from Officers, Directors, or Controlling Persons | $40,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $417,183 |
| Prepaid expenses and deferred charges | $404,725 |
| Net Land, buildings, and equipment | $18,532,132 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,791 |
| Total assets | $25,446,093 |
| Accounts payable and accrued expenses | $1,442,566 |
| Grants payable | $0 |
| Deferred revenue | $2,712,853 |
| 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 | $3,771,285 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $186,497 |
| Total liabilities | $8,113,201 |
| Net assets without donor restrictions | $17,311,942 |
| Net assets with donor restrictions | $20,950 |
| 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 | $25,446,093 |
Endowment Analysis
| Beg. Balance | $6,708 |
| Earnings | $15 |
| Grants | $1,000 |
| Ending Balance | $5,723 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bethesda Country Club Inc Bethesda, MD | $26,747,430 | $19,774,534 |
Old Westbury Golf & Country Club Inc Old Westbury, NY | $24,637,751 | $16,881,231 |
Hudson National Golf Club Inc Croton On Hudson, NY | $51,687,185 | $12,086,027 |
Lake Naomi Club Pocono Pines, PA | $31,181,948 | $14,377,164 |
Pine Valley Golf Club Pine Valley, NJ | $27,464,552 | $15,641,646 |
Plainfield Country Club Edison, NJ | $20,539,827 | $10,734,974 |
Glen Ridge Country Club Glen Ridge, NJ | $4,315,456 | $11,200,681 |
Overbrook Golf Club Bryn Mawr, PA | $25,446,093 | $10,373,823 |
Fisher Island Club Inc Fishers Island, NY | $26,382,427 | $9,842,592 |
North Jersey Country Club Inc Wayne, NJ | $12,240,984 | $10,758,532 |
Noyac Golf Club Inc Sag Harbor, NY | $25,263,669 | $11,022,614 |
Huntington Crescent Club Inc Huntington, NY | $18,101,805 | $9,571,803 |