Canonsburg Corporation
- Assets
- $6.8m
- Revenue
- $799.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Los Angeles, CA
- Founding
- 05/2008
- Data as of
- 06/2022
- EIN
- 95-6059240
Organization Overview
Canonsburg Corporation is located in Los Angeles, CA. The organization was established in 2008. 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 06/2022, Canonsburg Corporation employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Canonsburg Corporation is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Canonsburg Corporation generated $799.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $953.9k during the year ending 06/2022. 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
HOLDING TITLE TO LOCAL CHAPTER OF NATIONAL COLLEGE FRATERNITY PROVIDING ROOM AND BOARD FOR MEMBERS ONLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROPERTY EXPENSES
NON-PROPERTY EXPENSES
DEPRECIATION EXPENSE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lloyd Talbert President | Officer | 2 | $0 |
Lewis Averill Treasurer | Officer | 2 | $0 |
Louis Raymond Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $486,977 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $272,054 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $759,031 |
| Total Program Service Revenue | $0 |
| Investment income | $15,349 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $25,527 |
| 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 | $799,907 |
| 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 | $66,594 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | -$263 |
| Payroll taxes | $5,654 |
| Fees for services: Management | $15,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,693 |
| Advertising and promotion | $0 |
| Office expenses | $1,776 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $243,132 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $154,025 |
| Depreciation, depletion, and amortization | $400,195 |
| Insurance | $30,447 |
| All other expenses | $3,071 |
| Total functional expenses | $953,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,610 |
| Savings and temporary cash investments | $80,736 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,067 |
| 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 | $83,989 |
| Net Land, buildings, and equipment | $5,890,320 |
| Investments—publicly traded securities | $275,000 |
| Investments—other securities | $0 |
| Investments—program-related | $300,000 |
| Intangible assets | $0 |
| Other assets | $5,712 |
| Total assets | $6,808,434 |
| Accounts payable and accrued expenses | $5,982 |
| Grants payable | $0 |
| Deferred revenue | $129,691 |
| 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 | $3,781,166 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $77,355 |
| Total liabilities | $4,144,194 |
| Net assets without donor restrictions | $0 |
| 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 | $2,664,240 |
| Total liabilities and net assets/fund balances | $6,808,434 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Canonsburg Corporation has recieved totaling $396,439.
| Awarding Organization | Amount |
|---|---|
The Endowment Fund Of The Phi Kappa Psi Fraternity Indianapolis, IN PURPOSE: EDUCATIONAL AREA GRANTS | $396,439 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Desert Mountain Club Inc Scottsdale, AZ | $166,271,047 | $90,760,793 |
Blackhawk Country Club Danville, CA | $46,780,436 | $25,821,111 |
Arizona Country Club Inc Ingleside Golf Course Phoenix, AZ | $28,519,514 | $16,170,854 |
Peninsula Golf & Country Club San Mateo, CA | $37,014,286 | $17,194,396 |
Tradition Golf Club La Quinta, CA | $47,453,667 | $16,366,705 |
Indian Ridge Country Club Inc Palm Desert, CA | $34,712,749 | $13,063,649 |
Orinda Country Club Orinda, CA | $26,304,081 | $14,413,689 |
Thunderbird Country Club A Corp Rancho Mirage, CA | $22,264,861 | $10,979,612 |
Oahu Country Club Honolulu, HI | $21,871,149 | $11,423,263 |
Club At Morningside Inc Rancho Mirage, CA | $15,858,818 | $9,401,139 |
The Reserve Club Indian Wells, CA | $31,458,734 | $9,455,163 |
The Estancia Club Inc Scottsdale, AZ | $23,780,936 | $10,696,041 |