Socc Inc
- Assets
- $17.6m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 209
- Location
- Bakersfield, CA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-1112605
Organization Overview
Socc Inc is located in Bakersfield, CA. The organization was established in 2014. According to its NTEE Classification (S82) the organization is classified as: Mens Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Socc Inc employed 209 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Socc 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, Socc Inc generated $9.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $8.9m 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
PROMOTE THE BENEFIT, PLEASURE AND RECREATION OF ITS MEMBERS BY OWNING, OPERATING AND MANAGING A GOLF AND SOCIAL CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROGRAM SERVICE ACTIVITIES ARE ORGANIZED AND OPERATED FOR THE PLEASURE, RECREATION, AND SOCIAL BENEFITS OF ITS MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Lipscomb Director Of Agronomy | 40 | $159,279 | |
Enrique Contreras General Manager | Officer | 40 | $148,556 |
Scott Howry President Elect | OfficerTrustee | 5 | $0 |
Paul Miller Secretary | OfficerTrustee | 5 | $0 |
Mike Burton President | OfficerTrustee | 5 | $0 |
John Pitre CFO | Officer | 5 | $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 | $7,652,333 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$174,956 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,075,185 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,552,562 |
| 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. | $157,500 |
| Compensation of current officers, directors, key employees. | $157,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,777,346 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,405 |
| Fees for services: Accounting | $28,793 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $205,922 |
| Advertising and promotion | $140,004 |
| Office expenses | $452,286 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,446,851 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,677 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $709,106 |
| Insurance | $0 |
| All other expenses | $93,162 |
| Total functional expenses | $8,946,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,847,212 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $517,515 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $178,889 |
| Prepaid expenses and deferred charges | $272,094 |
| Net Land, buildings, and equipment | $14,141,439 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $600,488 |
| Total assets | $17,557,637 |
| Accounts payable and accrued expenses | $545,285 |
| Grants payable | $0 |
| Deferred revenue | $182,715 |
| 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 | $802,151 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,253,231 |
| Total liabilities | $2,783,382 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $14,774,255 |
| 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 | $17,557,637 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Socc Inc Bakersfield, CA | $17,557,637 | $9,552,562 |
Hellman Fellows Fund San Francisco, CA | $0 | $1,138,979 |
Y Service Club Of Pasadena Pasadena, CA | $0 | -$341,619 |
Living Hope Fellowship Banning, CA | $0 | $912,335 |
Benevolent & Protective Order Of Elks Of The Usa San Mateo, CA | $3,697,621 | $890,218 |
Benevolent & Protective Order Of Elks Of The Usa Florence, OR | $1,922,009 | $728,361 |
Lions Foundation Of Arizona Inc Phoenix, AZ | $2,359,893 | $420,459 |
Benevolent & Protective Order Of Elks Of The Usa Santa Cruz, CA | $2,354,598 | $618,714 |
100 Black Men Of The Bay Area Inc Oakland, CA | $351,297 | $611,700 |
Benevolent & Protective Order Of Elks Of The Usa San Diego, CA | $3,374,504 | $298,810 |
Benevolent & Protective Order Of Elks Of The Usa Hood River, OR | $631,918 | $360,971 |
Free & Accepted Masons Of California Red Bluff, CA | $5,045,449 | $563,454 |