Stone Oak Country Club Inc
- Assets
- $6.5m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 212
- Location
- Holland, OH
- Founding
- 09/2002
- Data as of
- 12/2021
- EIN
- 31-1569053
Organization Overview
Stone Oak Country Club Inc is located in Holland, OH. The organization was established in 2002. 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 12/2021, Stone Oak Country Club Inc employed 212 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stone Oak Country Club Inc 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, Stone Oak Country Club Inc generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. 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
TO OWN, OPERATE, AND MAINTAIN A PRIVATE GOLF, TENNIS, SWIMMING, DINING, AND SOCIAL CLUB FOR THE RECREATION AND PLEASURE OF ITS MEMBERS AND THEIR FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING PLEASURE, RECREATION, AND SOCIAL OPPORTUNITIES TO ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Olander General Manager | Officer | 40 | $179,642 |
Dr Tom Padanilam Denise Board President | OfficerTrustee | 0 | $0 |
David Sipes Treasurer | OfficerTrustee | 2 | $0 |
Ray Zammit Vice - President | OfficerTrustee | 2 | $0 |
Mike Deaton Grievance Committee | Trustee | 2 | $0 |
Bob Buschur Membership Committee | 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 | $3,749,830 |
| Investment income | $348 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$44,022 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$51,541 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,654,615 |
| 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 | $1,205,035 |
| Pension plan accruals and contributions | $20,106 |
| Other employee benefits | $51,023 |
| Payroll taxes | $190,192 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,681 |
| Fees for services: Accounting | $28,181 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,977 |
| Office expenses | $2,147 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $882 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $108,297 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $227,380 |
| Insurance | $69,483 |
| All other expenses | $514,277 |
| Total functional expenses | $3,179,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,965 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $327,082 |
| Accounts receivable, net | $525,135 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $56,064 |
| Prepaid expenses and deferred charges | $84,089 |
| Net Land, buildings, and equipment | $5,133,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,452,880 |
| Accounts payable and accrued expenses | $381,147 |
| Grants payable | $0 |
| Deferred revenue | $395,743 |
| 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 | $2,560,952 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,337,842 |
| Net assets without donor restrictions | $3,115,038 |
| 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 | $6,452,880 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lake Naomi Club Pocono Pines, PA | $31,181,948 | $14,377,164 |
Overbrook Golf Club Bryn Mawr, PA | $25,446,093 | $10,373,823 |
Academy Of Model Aeronautics Ama Muncie, IN | $14,826,959 | $9,207,922 |
American Philatelic Society Bellefonte, PA | $5,023,195 | $3,137,752 |
Lancaster Country Club Lancaster, PA | $38,766,757 | $8,916,109 |
Lakewood Country Club Company Westlake, OH | $13,232,237 | $7,948,852 |
Idle Hour Country Club Inc Lexington, KY | $13,827,877 | $6,560,806 |
Travis Pointe Country Club Ann Arbor, MI | $3,693,496 | $5,450,943 |
Country Club Of York York, PA | $13,796,902 | $5,721,703 |
Portage Country Club Akron, OH | $15,375,950 | $5,578,447 |
Tau Kappa Epsilon Fraternity Inc Indianapolis, IN | $5,851,438 | $5,058,540 |
Summit Hills Country Club Inc Crestview Hills, KY | $10,857,837 | $5,231,377 |