Kirtland Country Club Co
- Assets
- $12.5m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 222
- Location
- Willoughby, OH
- Founding
- 08/1933
- Data as of
- 10/2023
- EIN
- 34-0333110
Organization Overview
Kirtland Country Club Co is located in Willoughby, OH. The organization was established in 1933. 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 10/2023, Kirtland Country Club Co employed 222 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kirtland Country Club Co is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, Kirtland Country Club Co generated $9.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $7.1m during the year ending 10/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SOCIAL AND RECREATION ACTIVITIES FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE
TENNIS AND SWIMMING
FOOD AND BEVERAGE OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Keresman III President | OfficerTrustee | 2 | $0 |
Moya Dacey Director | Trustee | 2 | $0 |
Woods King Director | Trustee | 2 | $0 |
Joseph Lencewicz Director | OfficerTrustee | 2 | $0 |
Cindy Resch Director | Trustee | 2 | $0 |
Randolph D Markey Vice President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,300,504 |
| 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 | $6,300,504 |
| Total Program Service Revenue | $1,511,626 |
| Investment income | $50,082 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $149,253 |
| Net Gain/Loss on Asset Sales | -$10,902 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $634,507 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,059,773 |
| 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 | $3,350,812 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,658 |
| Payroll taxes | $685,179 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,182 |
| Advertising and promotion | $0 |
| Office expenses | $299,333 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $341 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $805,622 |
| Insurance | $125,311 |
| All other expenses | $850,729 |
| Total functional expenses | $7,093,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,974,686 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,584,104 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $363,922 |
| Prepaid expenses and deferred charges | $169,034 |
| Net Land, buildings, and equipment | $5,972,202 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $387,500 |
| Total assets | $12,451,448 |
| Accounts payable and accrued expenses | $860,711 |
| Grants payable | $0 |
| Deferred revenue | $1,109,433 |
| 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 | $3,013 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $387,500 |
| Total liabilities | $2,360,657 |
| Net assets without donor restrictions | $10,090,791 |
| 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 | $12,451,448 |