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Nonprofiteer
← OAKMONT COUNTRY CLUB

Form 990 for tax year 2024

Filed by OAKMONT COUNTRY CLUB.

Totals

Total revenue
$17,163,390
Total expenses
$12,214,643
Contributions and grants received
$2,000,000
Grants paid
$0
Program service revenue
$8,463,920
Investment income
$22,872
Other revenue
$6,676,598
Total assets, end of year
$59,071,974
Total liabilities, end of year
$30,956,519
Net assets or fund balances, end of year
$28,115,455
Program services expenses (Part IX)
$12,214,643
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,000,000

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $7,021,673 · related or exempt $7,021,673

  • 2b · Program service revenue: INITIATION FEES

    total $1,442,247 · related or exempt $1,442,247

  • 3 · Investment income

    total $22,872 · unrelated business $22,872

  • 5 · Royalties

    total $96,154 · unrelated business $96,154

  • 6a · Gross rents

    real property $1,675,842

  • 6b · Less rental expenses

    real property $588,388

  • 6c · Rental income or loss

    real property $1,087,454

  • 6d · Net rental income or loss

    total $1,087,454 · related or exempt $1,087,454

  • 10a · Gross sales of inventory

    $10,862,910

  • 10b · Cost of goods sold

    $5,369,920

  • 10c · Net income from sales of inventory

    total $5,492,990 · related or exempt $4,033,857 · unrelated business $1,459,133

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,347,907 · program services $1,347,907

  • 7 · Other salaries and wages

    total $2,280,289 · program services $2,280,289

  • 8 · Pension plan contributions

    total $232,668 · program services $232,668

  • 9 · Other employee benefits

    total $475,235 · program services $475,235

  • 10 · Payroll taxes

    total $409,049 · program services $409,049

  • 11b · Fees: legal

    total $208,090 · program services $208,090

  • 11c · Fees: accounting

    total $53,847 · program services $53,847

  • 11g · Fees: other

    total $1,200 · program services $1,200

  • 13 · Office expenses

    total $58,840 · program services $58,840

  • 16 · Occupancy

    total $513,257 · program services $513,257

  • 17 · Travel

    total $2,600 · program services $2,600

  • 20 · Interest

    total $253,222 · program services $253,222

  • 22 · Depreciation, depletion and amortization

    total $2,570,312 · program services $2,570,312

  • 24a · Other expenses: GROUNDS

    total $1,212,358 · program services $1,212,358

  • 24b · Other expenses: GENERAL & ADMINISTRATIV

    total $1,007,262 · program services $1,007,262

  • 24c · Other expenses: SECURITY / HOUSEKEEPING

    total $668,329 · program services $668,329

  • 24d · Other expenses: CLUBHOUSE

    total $515,710 · program services $515,710

  • 24e · All other expenses

    total $404,468 · program services $404,468

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,100,053 · end of year $144,001

  • 3 · Pledges and grants receivable

    end of year $6,000,000

  • 4 · Accounts receivable

    beginning of year $1,776,081 · end of year $2,051,945

  • 8 · Inventories for sale or use

    beginning of year $641,828 · end of year $831,348

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,108,188 · end of year $5,740,077

  • 10a · Land, buildings and equipment: cost or other basis

    $64,385,616

  • 10b · Land, buildings and equipment: accumulated depreciation

    $20,182,161

  • 10c · Land, buildings and equipment, net

    beginning of year $27,513,375 · end of year $44,203,455

  • 12 · Investments: other securities

    beginning of year $17,000 · end of year $17,000

  • 15 · Other assets

    beginning of year $217,940 · end of year $84,148

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,175,355 · end of year $1,688,429

  • 19 · Deferred revenue

    beginning of year $3,461,560 · end of year $13,805,826

  • 23 · Secured mortgages and notes payable

    beginning of year $4,500,000 · end of year $15,391,422

  • 25 · Other liabilities

    beginning of year $16,898 · end of year $70,842

  • 27 · Net assets without donor restrictions

    beginning of year $23,220,652 · end of year $28,115,455

Mission and programs · 2024

Mission

THE ORGANIZATION PROVIDES RECREATIONAL AND SOCIAL BENEFITS / SERVICES FOR ITS MEMBERS WHO INDIVIDUALLY DO NOT SHARE IN ANY NET EARNINGS FROM THE ORGANIZATION OF THE CLUB.

Activities or mission (Part I)

THE ORGANIZATION PROVIDES RECREATIONAL AND SOCIAL BENEFITS / SERVICES FOR ITS MEMBERS.

  • TAX EXEMPT CLUB ACTIVITIES

As filed on the 2024 return.

Listed in Part VII

  • John W Lynch

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Joel P Adams

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Edward J Grefenstette

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Steve Leone

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Richard Berglund

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • Fred Broad

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • Charles A Nettles

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • E Ronald Salvitti II

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • Steve Thomas

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • Andrew Swank

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • Jay Adams

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • Bill Watts

    GOVERNOR

    Total calculated
    $0
    Hours/week
    1
  • Adam Pletcher

    GENERAL MANAGER

    Total calculated
    $487,605
    From this org
    $438,450
    From related orgs
    $0
    Other
    $49,155
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $438,450
    Bonus
    $0
    Other
    $0
    Deferred
    $20,700
    Nontaxable benefits
    $28,455
    Filer's total
    $487,605
  • Mike McCormick

    GROUNDS SUPERINTENDENT

    Total calculated
    $408,996
    From this org
    $359,841
    From related orgs
    $0
    Other
    $49,155
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $359,841
    Bonus
    $0
    Other
    $0
    Deferred
    $20,700
    Nontaxable benefits
    $28,455
    Filer's total
    $408,996
  • Jake Adamonis

    EXECUTIVE CHEF

    Total calculated
    $209,298
    From this org
    $189,408
    From related orgs
    $0
    Other
    $19,890
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $189,408
    Bonus
    $0
    Other
    $0
    Deferred
    $11,429
    Nontaxable benefits
    $8,461
    Filer's total
    $209,298
  • Jim Springborn

    SPECIAL PROJECTS MANAGER

    Total calculated
    $215,217
    From this org
    $190,916
    From related orgs
    $0
    Other
    $24,301
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $190,916
    Bonus
    $0
    Other
    $0
    Deferred
    $20,700
    Nontaxable benefits
    $3,601
    Filer's total
    $215,217
  • Luke Fischer

    CONTROLLER

    Total calculated
    $188,151
    From this org
    $169,292
    From related orgs
    $0
    Other
    $18,859
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $169,292
    Bonus
    $0
    Other
    $0
    Deferred
    $10,218
    Nontaxable benefits
    $8,641
    Filer's total
    $188,151

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
SENIOR MANAGEMENT IS AUTHORIZED TO TAKE THEIR SPOUSES ON BUSINESS RELATED TRAVEL WHEN IT IS FOR A NATIONAL, ANNUAL MEETING FOR THEIR RESPECTIVE NATIONAL ORGANIZATIONS WHERE THE SPOUSES ARE ENCOURAGED TO PARTICIPATE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • EAST COURSE INC

    C · PRIVATE GOLF COURSE · PA · 100% owned · share of income $148,320 · share of assets $19,864 · controlled entity

    Directly controlled by OAKMONT COUNTRY CLUB

Provenance

Return type
form_990
Tax year
2024
Filed
13 October 2025
IRS schema version
2024v5.2
Source object
202502869349300440

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