Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES

  total $6,423,748 · related or exempt $6,423,748

• 2b · Program service revenue: INITIATION FEES

  total $1,526,446 · related or exempt $1,526,446

• 3 · Investment income

  total $43,190 · unrelated business $43,190

• 5 · Royalties

  total $51,309 · unrelated business $51,309

• 6a · Gross rents

  real property $880,998

• 6b · Less rental expenses

  real property $391,362

• 6c · Rental income or loss

  real property $489,636

• 6d · Net rental income or loss

  total $489,636 · related or exempt $489,636

• 10a · Gross sales of inventory

  $6,306,046

• 10b · Cost of goods sold

  $4,676,121

• 10c · Net income from sales of inventory

  total $1,629,925 · related or exempt $871,036 · unrelated business $758,889

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $3,689,874

• 8 · Pension plan contributions

  total $200,427

• 9 · Other employee benefits

  total $519,799

• 10 · Payroll taxes

  total $363,192

• 11b · Fees: legal

  total $151,312

• 11c · Fees: accounting

  total $60,730

• 13 · Office expenses

  total $76,707

• 16 · Occupancy

  total $948,283

• 17 · Travel

  total $3,270

• 22 · Depreciation, depletion and amortization

  total $2,036,680

• 23 · Insurance

  total $289,933

• 24a · Other expenses: GROUNDS

  total $1,269,660

• 24b · Other expenses: SECURITY / HOUSEKEEPING

  total $549,719

• 24c · Other expenses: CLUBHOUSE

  total $350,783

• 24d · Other expenses: GENERAL & ADMINISTRATIV

  total $233,034

• 24e · All other expenses

  total $291,337

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,533,564 · end of year $1,100,053

• 2 · Savings and temporary cash investments

  beginning of year $75,264 · end of year $0

• 4 · Accounts receivable

  beginning of year $2,199,260 · end of year $1,776,081

• 8 · Inventories for sale or use

  beginning of year $658,535 · end of year $641,828

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,648,077 · end of year $2,108,188

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

  $45,125,224

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

  $17,611,849

• 10c · Land, buildings and equipment, net

  beginning of year $18,259,381 · end of year $27,513,375

• 12 · Investments: other securities

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

• 15 · Other assets

  beginning of year $249,476 · end of year $217,940

• 17 · Accounts payable and accrued expenses

  beginning of year $1,607,718 · end of year $2,175,355

• 19 · Deferred revenue

  beginning of year $849,539 · end of year $3,461,560

• 23 · Secured mortgages and notes payable

  end of year $4,500,000

• 25 · Other liabilities

  beginning of year $0 · end of year $16,898

• 27 · Net assets without donor restrictions

  beginning of year $24,108,036 · end of year $23,220,652

• 28 · Net assets with donor restrictions

  beginning of year $75,264 · end of year $0

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.

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 assets $21,266 · controlled entity

  Directly controlled by OAKMONT COUNTRY CLUB