Kahkwa Club
- Assets
- $10.7m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 200
- Location
- Erie, PA
- Founding
- 07/1972
- Data as of
- 12/2021
- EIN
- 25-0582230
Organization Overview
Kahkwa Club is located in Erie, PA. The organization was established in 1972. 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, Kahkwa Club employed 200 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kahkwa 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, Kahkwa Club generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $4.4m 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
ORGANIZE AND MAINTAIN A CLUB FOR SOCIAL ENJOYMENT FOR ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KAHKWA CLUB HAS OPERATED TO PROVIDE FACILITIES AND SERVICES TO MEMBERS FOR GOLFING, TENNIS, SWIMMING, MEALS AND BEVERAGES AND SOCIAL GATHERING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Khaled A Darres General Manager | Officer | 40 | $133,736 |
Justin Sudo Golf Course Superintendent | 40 | $130,505 | |
Elliot Ehrenreich President | OfficerTrustee | 2 | $0 |
Sue Sutto Vice-President | OfficerTrustee | 2 | $0 |
David Hallman Secretary | OfficerTrustee | 2 | $0 |
Thomas Giblin Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $302,432 |
| 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 | $302,432 |
| Total Program Service Revenue | $3,999,300 |
| Investment income | $94 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,835 |
| Net Gain/Loss on Asset Sales | -$48,601 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $968,535 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,437,585 |
| 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. | $304,756 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,542,126 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $233,045 |
| Payroll taxes | $237,567 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,967 |
| Fees for services: Accounting | $12,828 |
| 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 | $2,530 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $385,329 |
| Travel | $10 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $52,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $507,480 |
| Insurance | $82,010 |
| All other expenses | $396,596 |
| Total functional expenses | $4,424,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,839,285 |
| Savings and temporary cash investments | $296,973 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $436,790 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $81,737 |
| Prepaid expenses and deferred charges | $193,037 |
| Net Land, buildings, and equipment | $7,894,159 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,741,981 |
| Accounts payable and accrued expenses | $258,299 |
| Grants payable | $0 |
| Deferred revenue | $47,010 |
| 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 | $1,490,038 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $199,042 |
| Total liabilities | $1,994,389 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $66,100 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $8,681,492 |
| Total liabilities and net assets/fund balances | $10,741,981 |
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