Oak Hills Golf & Country Club
- Assets
- $2.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 81
- Location
- Ada, OK
- Founding
- 02/1949
- Data as of
- 12/2021
- EIN
- 73-0596980
Organization Overview
Oak Hills Golf & Country Club is located in Ada, OK. The organization was established in 1949. 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 12/2021, Oak Hills Golf & Country Club employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Hills Golf & 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 12/2021, Oak Hills Golf & Country Club generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 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
PRIVATE SOCIAL CLUB 501 (C) (7). PURPOSE IS TO PROVIDE GOODS AND SERVICES TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING COST OF GOLF COURSE, SWIMMING POOL, TENNIS COURTS, RESTAURANTS AND BARS AND ADMINISTRATIVE EXPENSES ASSOCIATED WITH THESE ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Cheper Vice-President | OfficerTrustee | 3 | $0 |
Martin Powell Treasurer | OfficerTrustee | 3 | $0 |
Lloyd Palmer President | OfficerTrustee | 10 | $0 |
Mendy Robson Secretary | OfficerTrustee | 2 | $0 |
Monica Neal Director | Trustee | $0 | |
Ray Lawhorn Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $153,208 |
| All other contributions, gifts, grants, and similar amounts not included above | $250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,458 |
| Total Program Service Revenue | $965,519 |
| Investment income | $14 |
| 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 | $516,824 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,643,665 |
| 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 | $674,754 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,689 |
| Payroll taxes | $65,579 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,250 |
| Advertising and promotion | $711 |
| Office expenses | $24,205 |
| Information technology | $24,448 |
| Royalties | $0 |
| Occupancy | $5,513 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $142,770 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,629 |
| Insurance | $53,463 |
| All other expenses | $178,906 |
| Total functional expenses | $1,527,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,197 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $230,549 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,546 |
| Prepaid expenses and deferred charges | $3,155 |
| Net Land, buildings, and equipment | $2,297,025 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $17,325 |
| Other assets | $0 |
| Total assets | $2,744,797 |
| Accounts payable and accrued expenses | $89,984 |
| 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 | $2,121,817 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,211,801 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $79,102 |
| Paid-in or capital surplus, or land, building, or equipment fund | $95,635 |
| Retained earnings, endowment, accumulated income, or other funds | $358,259 |
| Total liabilities and net assets/fund balances | $2,744,797 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Country Club Houston, TX | $109,550,970 | $26,529,286 |
Royal Oaks Country Club Inc Dallas, TX | $36,812,671 | $18,720,235 |
Northwood Club Dallas, TX | $57,507,067 | $19,852,706 |
Oklahoma City Golf & Country Club Nichols Hills, OK | $30,261,356 | $14,527,744 |
Dallas Athletic Club Dallas, TX | $25,203,289 | $20,444,344 |
Austin Country Club Austin, TX | $33,624,786 | $15,055,486 |
Missouri Athletic Club St Louis, MO | $22,640,194 | $18,091,674 |
Briar Club Houston, TX | $45,723,367 | $13,689,453 |
Lakewood Country Club Dallas, TX | $36,499,894 | $12,939,033 |
Southern Hills Country Club Tulsa, OK | $59,775,336 | $17,253,423 |
Bent Tree Country Club Inc Dallas, TX | $52,898,770 | $18,703,072 |
Cherry Hills Country Club Englewood, CO | $65,318,672 | $17,559,884 |