Civic Intelligence

Owasco Country Club Inc

EIN 15-0408980 • 501(c)7 • Auburn, NY

Revoked

Profile

The owasco country club, inc. Operates a private golf course, tennis facilities, restaurant and bar for the enjoyment of its membership.

Revocation date: May 15, 2020

6750 East Lake RoadAuburn, NY 13021

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)7 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2016

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2016

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)7 • <$500k nonprofits • Source year 2014

Asset Growth

6th percentile

-99%

Faster asset growth than 6% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$4,767

Down $874,063 (-99%) from 2015

Liabilities

Down

$0

Down $1,135,080 (-100%) from 2015

Net Assets

Up

$4,767

Up $261,017 (+102%) from 2015

Revenue

Down

$0

Down $709,356 (-100%) from 2015

Expenses

Down

$7,354

Down $810,711 (-99%) from 2015

Net Income

Up

-$7,354

Up $101,355 (+93%) from 2015

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0-$500KAssets 2010: $1,202,259Liabilities 2010: $1,167,763Net Assets 2010: $34,4962010Assets 2011: $1,051,813Liabilities 2011: $1,041,111Net Assets 2011: $10,7022011Assets 2012: $1,018,325Liabilities 2012: $1,125,823Net Assets 2012: -$107,4982012Assets 2013: $976,543Liabilities 2013: $1,089,919Net Assets 2013: -$113,3762013Assets 2014: $910,397Liabilities 2014: $1,057,938Net Assets 2014: -$147,5412014Assets 2015: $878,830Liabilities 2015: $1,135,080Net Assets 2015: -$256,2502015Assets 2016: $4,767Liabilities 2016: $0Net Assets 2016: $4,7672016

Highlighted filing

2016

Assets$4,767
Liabilities$0
Net Assets$4,767

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $903,6202010Expenses 2011: $839,8792011Expenses 2012: $920,2412012Revenue 2013: $623,262Expenses 2013: $629,140Net Income 2013: -$5,8782013Revenue 2014: $782,682Expenses 2014: $816,847Net Income 2014: -$34,1652014Revenue 2015: $709,356Expenses 2015: $818,065Net Income 2015: -$108,7092015Revenue 2016: $0Expenses 2016: $7,354Net Income 2016: -$7,3542016

Highlighted filing

2016

Revenue$0
Expenses$7,354
Net Income-$7,354

Filings

Latest Detailed Filing

The latest 2016 filing currently has summary financial data only. Showing the latest detailed filing from 2014 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 7, 2015
Return Version
2014v5.0
Gross Receipts
$914,961
Mission and Program Overview

Mission

The owasco country club, inc. Operates a private golf course, tennis facilities, restaurant and bar for the enjoyment of its membership.

Golf,tennis, and social club for members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$881,369$818,578▼ $62,791
Accounts Receivable$54,699$52,298▼ $2,401
Prepaid Expenses and Deferred Charges$16,910$18,168▲ $1,258
Inventories for Sale or Use$3,822$15,136▲ $11,314
Cash and Non-Interest-Bearing Accounts$12,096$550▼ $11,546
Total Assets$976,543$910,397▼ $66,146
Other Assets Total$7,647$5,667▼ $1,980
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,048,346$1,027,766▼ $20,580
Accounts Payable and Accrued Expenses$27,376$18,117▼ $9,259
Deferred Revenue$9,113$6,739▼ $2,374
Other Liabilities$5,084$5,316▲ $232
Total Liabilities$1,089,919$1,057,938▼ $31,981
Net Assets / Fund Balance
Unrestricted Net Assets$-113,376$-147,541▼ $34,165
Total Net Assets Fund Balance$-113,376$-147,541▼ $34,165
Total Liabilities and Net Assets / Fund Balance$976,543$910,397▼ $66,146

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$404,174$991,743$1,395,917
Equipment$38,681$496,306$534,987
Other Land Buildings$283,752$108,089$391,841
Land$91,971-$91,971
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stephen MorinPresident
Donald BeardsleyVice President
Brandi NeugentDirector
Marlin HuttonDirector
Nick KuncioDirector
Stephen LombardozziDirector
William AbdallahGovernor
Ronald LavarnwaySecretary
Hugh MurphyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$557,558
Investment Income
$116
Other Revenue
$225,008
Change in Net Assets
$-34,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$465,423
Salaries, Compensation, and Employee Benefits$351,424
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$300,824
All Other Expenses---$102,969
Depreciation Depletion---$98,445
Insurance---$46,826
Payroll Taxes---$46,391
Occupancy---$40,272
Other Expenses---$21,417
Interest---$14,305
Fees for Services Management---$9,168
Advertising---$5,154
Pension Plan Contributions---$4,209
Office Expenses---$2,509
Fees for Services Accounting---$2,300
Fees for Services Legal---$1,548
Total Functional Expenses$0$0$0$816,847
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sales Tax Payable$3,158
Memorial Fund$1,263
Cash Overdraft$895
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Organization has members.

Form 990, Part VI, Section A, Line 7A

Members of the organization are allowed to elect the board of directors

Form 990, Part VI, Section A, Line 7B

Significant decisions are brought before the members of the organization for approval.

Form 990, Part VI, Section B, Line 11

Organization's governing body is not given copy of 990 before return is filed. A copy of the 990 is provided to the organization's treasurer for his review.

Form 990, Part VI, Section B, Line 12C

The board signs a conflict of interest policy annually.

Form 990, Part VI, Section C, Line 19

The governing documents, financial statements, and tax returns are made available to the public upon request and on guidestar.

Filing and Contact Details

Filer

Filer Name
Owasco Country Club
EIN
15-0408980
Phone
3152523580
Address
6750 EAST LAKE ROAD, AUBURN, NY 13021

Signing Officer

Name
Hugh Murphy
Title
Treasurer
Phone
3152523580
Signed
2015-08-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hugh Murphy
Formed
1901
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
57
Volunteers
9

Preparer

Firm
Buffington & Hoatland Cpas Pllc
Address
213 NORTH STREET, AUBURN, NY 13021-3305
Preparer
Elaine S Buffington
Phone
3152539744
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Supplies 16,988. Telephone & software 16,421. Commissions 10,590. Uniforms/laundry 10,500. Gas & oils 10,103. Credit card expenses 7,954. Cleaning 6,242. Decorations 5,376. Gift certificates 4,152. Miscellaneous 3,508. Irrigation and drainage 2,710. License/dues 2,595. Postage 2,574. Landscaping 2,324. Bank charges 587. New york state tax 250. Education expense 95.

Financial Statement Notes

PART X, LINE 2:

The financial accounting standards board issued fasb accounting standards codification (fasb asc), accounting for uncertainty in income taxes. This requires the recognition and measurement of uncertain tax positions held by the organization. Under generally accepted accounting principles, the amount reported would be based on probability assessments of the likelihood that certain deductions would be disallowed upon examination because the taxing authorities interpreted existing guidance differently. The organization recognizes accrued interest and penalties associated with uncertain tax positions as part of the income tax provision. For the year ended december 31, 2014, there were no accrued interest or accrued penalties associated with uncertain tax positions for the organization. The organization files income tax returns in the u.s. Federal and state jurisdictions. The organization's u.s. Federal and state income tax returns prior to the year ended 2012 are closed to examination. The u.s. Federal and state income tax returns of the organization for 2012, 2013, and 2014 are subject to examination by the federal and state taxing authorities. The organization has not had a recent examination of their returns by the federal and state taxing authorities.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0116015
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0404174
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0991743
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01395917
IRS990ScheduleD/EquipmentGrp/BookValueAmt038681
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0496306
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0534987
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt091971
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt091971
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0283752
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0108089
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0391841
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03158
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11263
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2895
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SALES TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MEMORIAL FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CASH OVERDRAFT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL ACCOUNTING STANDARDS BOARD ISSUED FASB ACCOUNTING STANDARDS CODIFICATION (FASB ASC), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS REQUIRES THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS HELD BY THE ORGANIZATION. UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE AMOUNT REPORTED WOULD BE BASED ON PROBABILITY ASSESSMENTS OF THE LIKELIHOOD THAT CERTAIN DEDUCTIONS WOULD BE DISALLOWED UPON EXAMINATION BECAUSE THE TAXING AUTHORITIES INTERPRETED EXISTING GUIDANCE DIFFERENTLY. THE ORGANIZATION RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE INCOME TAX PROVISION. FOR THE YEAR ENDED DECEMBER 31, 2014, THERE WERE NO ACCRUED INTEREST OR ACCRUED PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS FOR THE ORGANIZATION. THE ORGANIZATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL AND STATE JURISDICTIONS. THE ORGANIZATION'S U.S. FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO THE YEAR ENDED 2012 ARE CLOSED TO EXAMINATION. THE U.S. FEDERAL AND STATE INCOME TAX RETURNS OF THE ORGANIZATION FOR 2012, 2013, AND 2014 ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE TAXING AUTHORITIES. THE ORGANIZATION HAS NOT HAD A RECENT EXAMINATION OF THEIR RETURNS BY THE FEDERAL AND STATE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0818578
IRS990ScheduleD/TotalLiabilityAmt05316
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE ORGANIZATION ARE ALLOWED TO ELECT THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SIGNIFICANT DECISIONS ARE BROUGHT BEFORE THE MEMBERS OF THE ORGANIZATION FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION'S GOVERNING BODY IS NOT GIVEN COPY OF 990 BEFORE RETURN IS FILED. A COPY OF THE 990 IS PROVIDED TO THE ORGANIZATION'S TREASURER FOR HIS REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD SIGNS A CONFLICT OF INTEREST POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND TAX RETURNS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND ON GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SUPPLIES 16,988. TELEPHONE & SOFTWARE 16,421. COMMISSIONS 10,590. UNIFORMS/LAUNDRY 10,500. GAS & OILS 10,103. CREDIT CARD EXPENSES 7,954. CLEANING 6,242. DECORATIONS 5,376. GIFT CERTIFICATES 4,152. MISCELLANEOUS 3,508. IRRIGATION AND DRAINAGE 2,710. LICENSE/DUES 2,595. POSTAGE 2,574. LANDSCAPING 2,324. BANK CHARGES 587. NEW YORK STATE TAX 250. EDUCATION EXPENSE 95.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0976543
IRS990/TotalAssetsEOYAmt0910397
IRS990/TotalAssetsGrp/BOYAmt0976543
IRS990/TotalAssetsGrp/EOYAmt0910397
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt057
IRS990/TotalFunctionalExpensesGrp/TotalAmt0816847
IRS990/TotalGrossUBIAmt011334
IRS990/TotalLiabilitiesBOYAmt01089919
IRS990/TotalLiabilitiesEOYAmt01057938
IRS990/TotalLiabilitiesGrp/BOYAmt01089919
IRS990/TotalLiabilitiesGrp/EOYAmt01057938
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-113376
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-147541
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0529943
IRS990/TotalProgramServiceRevenueAmt0557558
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0771348
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0782682
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt011334
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0976543
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0910397
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-113376
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-147541
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06750 EAST LAKE ROAD
IRS990/USAddress/CityNm0AUBURN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013021
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HUGH MURPHY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03152523580
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OWASCO COUNTRY CLUB
ReturnHeader/Filer/BusinessNameControlTxt0OWAS
ReturnHeader/Filer/EIN0150408980
ReturnHeader/Filer/PhoneNum03152523580
ReturnHeader/Filer/USAddress/AddressLine1Txt06750 EAST LAKE ROAD
ReturnHeader/Filer/USAddress/CityNm0AUBURN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013021
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0943477542
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BUFFINGTON & HOATLAND CPAS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0213 NORTH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AUBURN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0130213305
ReturnHeader/PreparerPersonGrp/PhoneNum03152539744
ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELAINE S BUFFINGTON
ReturnHeader/ReturnTs02015-08-10T11:43:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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