Oaks Country Club Inc
- Assets
- $1.0m
- Revenue
- $430.7k
- Investments
- $0.0
- Employees
- 2
- Location
- New Albany, MS
- Founding
- 09/1968
- Data as of
- 05/2022
- EIN
- 64-0443157
Organization Overview
Oaks Country Club Inc is located in New Albany, MS. The organization was established in 1968. 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 05/2022, Oaks Country Club Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oaks 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 05/2022, Oaks Country Club Inc generated $430.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $346.8k during the year ending 05/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB PROVIDES RECREATIONAL (GOLF, TENNIS, SWIMMING) AND SOCIAL OPPORTUNITIES TO IT'S MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES RECREATIONAL AND SOCIAL OPPORTUNITIES FOR ITS MEMBERS.
THE CLUB PROVIDES RECREATIONAL AND SOCIAL OPPORTUNITIES FOR ITS MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Swords President | OfficerTrustee | $0 | |
Mike Alef Vice Preside | OfficerTrustee | $0 | |
Amanda Alexander Treasurer/se | Officer | $0 | |
Mack Fennell Board Member | Trustee | $0 | |
Ben Hall Board Member | Trustee | $0 | |
Dennis Buse Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $344,879 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $850 |
| 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 | $345,729 |
| Total Program Service Revenue | $84,879 |
| Investment income | $74 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $430,682 |
| 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 | $60,421 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,552 |
| Fees for services: Management | $8,400 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $875 |
| 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 | $508 |
| 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 | $21,529 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,488 |
| Insurance | $13,923 |
| All other expenses | $10,500 |
| Total functional expenses | $346,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,350 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$33,362 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $860,793 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,026,781 |
| Accounts payable and accrued expenses | $11,086 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $640,580 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $651,666 |
| Net assets without donor restrictions | $375,115 |
| 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 | $1,026,781 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Country Club Of Birmingham Mountain Brook, AL | $47,639,454 | $23,076,044 |
Baton Rouge Country Club Inc Baton Rouge, LA | $28,846,628 | $10,362,184 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
Krewe Of Bacchus Inc New Orleans, LA | $5,050,746 | $6,016,204 |
Hoover Country Club Birmingham, AL | $6,182,336 | $5,552,776 |
Dothan Country Club Dothan, AL | $9,614,467 | $5,061,847 |
River Hills Club Of Jackson Inc Jackson, MS | $9,139,589 | $4,526,237 |
Hot Springs Country Club Inc Hot Springs, AR | $2,661,246 | $3,999,960 |
Fayetteville Country Club Fayetteville, AR | $3,475,139 | $2,992,560 |
Jonesboro Country Club Inc Jonesboro, AR | $7,876,752 | $3,184,262 |
Diamante Members Club Inc Hot Springs Village, AR | $6,478,164 | $2,689,723 |
Cedar Creek Yacht Club Inc Mount Juliet, TN | $5,465,434 | $1,466,060 |