Pine Lake Country Club
- Assets
- $14.9m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 264
- Location
- Orchard Lake, MI
- Founding
- 09/1942
- Data as of
- 09/2021
- EIN
- 38-0930080
Organization Overview
Pine Lake Country Club is located in Orchard Lake, MI. The organization was established in 1942. 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 09/2021, Pine Lake Country Club employed 264 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pine Lake 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 09/2021, Pine Lake Country Club generated $8.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $5.6m during the year ending 09/2021. While expenses have increased by 0.3% 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
TO PROVIDE SERVICES AND ACTIVITIES FOR THE GENERAL MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE GOLF, FOOD AND BEVERAGE SERVICES AND OTHER ACTIVITIES FOR THE GENERAL MEMBERSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory J Colombo Chief Operating Officer | 50 | $242,197 | |
Terry Poley Greens Superintendent | Officer | 50 | $188,603 |
Robert J Remenar Treasurer | OfficerTrustee | 10 | $0 |
Peter J Sarkesian President | OfficerTrustee | 10 | $0 |
Timothy P Finerty Vice President | OfficerTrustee | 10 | $0 |
James M Friel Secretary | OfficerTrustee | 10 | $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 | $8,307,729 |
| Investment income | $253 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$160,142 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,607,249 |
| 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. | $242,197 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,030,273 |
| Pension plan accruals and contributions | $51,193 |
| Other employee benefits | $0 |
| Payroll taxes | $391,170 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $27,753 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,412 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,690 |
| Interest | $133,525 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $680,052 |
| Insurance | $703,992 |
| All other expenses | $719,205 |
| Total functional expenses | $5,579,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,493,934 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,379,774 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $584,433 |
| Prepaid expenses and deferred charges | $141,697 |
| Net Land, buildings, and equipment | $7,738,624 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $578,649 |
| Total assets | $14,917,111 |
| Accounts payable and accrued expenses | $1,139,131 |
| Grants payable | $0 |
| Deferred revenue | $622,480 |
| 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 | $3,057,279 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $791,368 |
| Total liabilities | $5,610,258 |
| Net assets without donor restrictions | $9,306,853 |
| 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 | $14,917,111 |
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