Portage Country Club in Akron, Ohio (OH)

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Portage Country Club
Employer Identification Number (EIN)340468390
Name of OrganizationPortage Country Club
AddressLocal, Akron, OH 44303
ActivitiesCountry club
SubsectionPleasure, Recreational, or Social Club
Ruling Date08/1938
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period03/2012
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$12,300,530
Amount of Income$6,067,126
Form 990 Revenue Amount$3,825,110
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Recreational, Pleasure, or Social Club


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Amount of income in 2012: $6,067,126
This organization: 

 $6,067,126
Other organizations performing similar types of work: 

 $69,768

Assets in 2012: $12,300,530
This organization: 

 $12,300,530
Other organizations performing similar types of work: 

 $50,502

Expenses in 2007: $4,157,535
Portage Country Club: 

 $4,157,535
Other organizations performing similar types of work: 

 $3,641,032

Income to expenses ratio in 2007: 1.0
Portage Country Club: 

 1.0
Other organizations performing similar types of work: 

 1.0

Number of employees in 2007: 78
This organization: 

 78
Other organizations performing similar types of work: 

 57

Employees paid over $50,000 in 2007: 2.6%
Portage Country Club: 

 2.6%
Other organizations performing similar types of work: 

 0.0%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$5,746,616$4,784,870$3,251,670$3,398,822$3,698,393$5,144,576$3,962,329$4,042,432
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$475,437$619,696$572,555$524,960$528,982$628,634$513,070$520,284
Membership dues and assessments$3,634,580$3,504,391$2,352,115$2,305,375$2,444,555$3,695,108$2,987,540$3,262,587
Interest on savings and temporary cash investments$72,897$8,103$1,895$2,410$6,229$37,833$50,111$41,321
Dividends and interest from securities$0$0$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$-362,196$-92,486$-57,203$-102,419$-13,077$-64,906$-60,168$-101,880
Gross sales of inventory, less returns and allowances$1,188,305$1,710,545$1,631,555$1,654,101$1,775,192$1,864,857$2,154,599$2,081,262
Less: cost of goods sold$1,550,501$1,803,031$1,688,758$1,756,520$1,788,269$1,929,763$2,214,767$2,183,142
Other revenue$1,925,898$745,166$382,308$668,496$731,704$847,907$471,776$320,120
Total expenses$2,962,206$3,498,619$3,334,217$3,423,975$3,904,714$3,844,617$3,805,938$4,157,535
Program services$0$0$0$0$0$0$0$0
Management and general$0$0$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$8,755,232$10,240,417$10,156,570$10,131,617$10,140,676$11,439,935$11,596,226$11,478,823
Excess or (deficit) for the year$2,784,410$1,286,251$-82,547$-25,153$-206,321$1,299,959$156,391$-115,103
Net assets or fund balances at beginning of year$5,970,822$8,755,232$10,240,417$10,156,570$10,131,617$10,140,676$11,439,935$11,596,226
Other changes in net assets or fund balances$0$198,934$-1,300$200$215,380$-700$-100$-2,300
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$4,157,535$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$209,624$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$1,405,653$0$0$0
Pension plan contributions not included above$40,997$0$0$0
Employee benefits not included above$162,358$0$0$0
Payroll taxes$194,896$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$7,500$0$0$0
Legal fees$2,763$0$0$0
Supplies$159,295$0$0$0
Telephone$34,094$0$0$0
Postage and shipping$21,727$0$0$0
Occupancy$384,009$0$0$0
Equipment rental and maintenance$189,931$0$0$0
Printing and publications$35,080$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$4,331$0$0$0
Interest$36,060$0$0$0
Depreciation, depletion, etc.$660,509$0$0$0
Other expenses not covered above$608,708$0$0$0
Balance Sheets
20002001200220032004200520062007
Total assets$11,019,843$11,027,230$10,815,922$11,023,268$11,016,163$12,503,854$12,759,440$12,598,103
Cash - non-interest-bearing$297,289$307,816$17,389$13,405$22,672$23,690$53,407$20,322
Savings and temporary cash investments$2,476$0$442,189$727,608$851,756$1,134,705$974,836$771,712
Accounts receivable less allowance for doubtful accounts$537,799$687,993$518,355$550,816$631,662$785,071$622,691$831,916
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$60,678$54,150$52,521$64,800$66,620$71,260$49,833$48,298
Prepaid expenses and deferred charges$17,926$46,600$14,670$11,249$13,911$68,890$36,558$40,224
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$10,103,675$9,930,671$9,770,798$9,655,390$9,429,542$10,390,937$10,994,872$10,808,829
Other assets, including program-related investments$0$0$0$0$0$29,301$27,243$76,802
Total liabilities$2,264,611$786,813$659,352$891,651$875,487$1,063,919$1,163,214$1,119,280
Accounts payable and accrued expenses$1,002,474$541,271$428,488$519,496$547,918$782,730$430,375$453,522
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$165,442$202,927$219,219$204,075$210,579$208,455$219,636$222,502
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$1,042,997$0$0$161,322$110,077$72,734$513,203$443,256
Other liabilities$53,698$42,615$11,645$6,758$6,913$0$0$0
Total liabilities and net assets/fund balances$11,019,843$11,027,230$10,815,922$11,023,268$11,016,163$12,503,854$12,759,440$12,598,103
Total net assets or fund balances$8,755,232$10,240,417$10,156,570$10,131,617$10,140,676$11,439,935$11,596,226$11,478,823
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$5,746,616$4,784,870$3,251,670$3,398,822$3,698,393$5,144,576$3,962,329$4,042,432
Total revenue, gains, and other support per audited financial statements$6,290,395$6,587,901$4,940,428$5,155,342$5,486,662$7,074,339$6,177,096$6,225,574
Other expenses$2,096,501$1,803,031$1,688,758$1,756,520$1,788,269$1,929,763$2,214,767$2,183,142
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$2,096,501$1,803,031$1,688,758$1,756,520$1,788,269$1,929,763$2,214,767$2,183,142
Other revenue$1,552,722$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$1,552,722$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$2,962,206$3,306,585$3,334,217$3,423,975$3,689,434$3,844,617$3,805,938$4,157,535
Total expenses and losses per audited financial statements$4,487,869$5,109,066$5,026,775$5,180,495$5,477,703$5,774,380$6,020,705$6,340,677
Other revenue$1,525,663$1,802,481$1,692,558$1,756,520$1,788,269$1,929,763$2,214,767$2,183,142
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$1,525,663$1,802,481$1,692,558$1,756,520$1,788,269$1,929,763$2,214,767$2,183,142
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
50$110,223$539$11,016
50$82,067$3,263$2,516
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings18
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$413,685
Gross receipts for public use of club facilities$312,612
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200678
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$314,475$46,966$3,680,991
Program service revenue
Program service revenue 1000000$000$0$409,185
Program service revenue 2000000$000$0$111,099
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$3,262,587
Interest on savings and temporary cash investmentsInvestment activities of section 501(c)(7), (9), or (17) organizations$41,32100$0$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$-101,880
Other revenueOil and gas extraction$273,154Gross income from an unrelated activity that is regularly carried on but, in light of continuous losses sustained over a number of tax periods, cannot be regarded as being conducted with the motive to make a profit (not a trade or business)$46,966$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$375,679
Gross receipts for public use of club facilities $664,621
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$3,377,255
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$3,285,633
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$997
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net loss from sales of inventory$-91,611
Gross sales of inventory, less returns and allowances$2,300,191
Less: cost of goods sold$2,391,802
Miscellaneous Revenue$182,236
Statement of Functional Expenses (for 2011)
Total functional expenses$3,618,269
Compensation of current officers, directors, trustees, and key employees$182,239
Other salaries and wages$1,328,845
Payroll taxes$162,193
Professional fundraising services$0
Other$1,944,992
Balance Sheet (for 2011)
Total assets$12,769,645
Total liabilities$1,669,796
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$811,162
Unsecured notes and loans payable to unrelated third parties$0
Other$858,634
Total net assets or fund balances$11,099,849
Retained earnings, endowment, accumulated income, or other funds$11,054,749
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Landings Club Inc71 Green Island Rd, Savannah, GA 31411-1202GA2002-05$29,021,531
2Ballenisles Country Club Inc303 Ballenisles Cir, Palm Bch Gdns, FL 33418-3883FL2006-10$26,687,633
3Broken Sound Club Inc2401 Willow Springs Dr, Boca Raton, FL 33496-2812FL1999-03$26,044,190
4Bohemian Club624 Taylor St, San Francisco, CA 94102-1075CA1934-09$24,840,889
5Country Club Of BirminghamPO BOX 130280, Birmingham, AL 35213-0280AL$17,610,212
6Portage Country ClubLocal, Akron, OH 44303OH1938-08$6,067,126
7Cleveland Skating Club2500 Kemper Rd, Shaker Hts, OH 44120-1206OH1938-06$4,288,707
8Golf Club Co37 W Broad St Ste 530, Columbus, OH 43215-4132OH1987-03$2,912,019
9Oberlin Golf Club Company200 Pyle Rd, Oberlin, OH 44074-1455OH1965-06$1,328,209
10Blue Horizons Flying Club IncPO BOX 665, Perrysburg, OH 43552-0665OH2001-09$81,961
11Oberlin Student Co-Operative AssociationPO BOX 118, Oberlin, OH 44074-0118OH1963-06$2,476,584
12Miami View Golf Club IncPO BOX 26, Miamitown, OH 45041-0026OH1961-12$1,434,378
13Columbia Hills Country Club Incorporated16200 East River Rd, Columbia Sta, OH 44028-9485OH1964-12$1,336,948
14Indian Hill Winter Club IncBox 150 7207 Wooster Pke, Cincinnati, OH 45227-3830OH2005-10$1,301,827
15Pro-Hope Inc, Quest Academy190 E 8th St, Lima, OH 45804-2302OH1996-05$1,129,410
16Crooksville Aerie No 1979 Fraternal Order Of EaglesPO BOX 49, Crooksville, OH 43731-0049OH2012-03$599,871
17Monkey Mutual Aid Society 1303 N 3rd St, Hamilton, OH 45011-1624OH2006-11$498,455
18Kent Canadian Club112 W College St, Kent, OH 44240-3509OH2004-08$498,030
19Alpha Pi Building Corp3250 Riverside Dr, Upper Arlngtn, OH 43221-1725OH2008-02$455,193
20Eta Gamma House Corporation Of Delta Gamma3250 Riverside Dr, Upper Arlngtn, OH 43221-1725OH1999-03$413,932
21Lake Village Club IncPO BOX 1424, Andover, OH 44003-1424OH2001-02$407,851
22Gamma Of Delta Gamma House Association, Gamma House Assoc3250 Riverside Dr, Upper Arlngtn, OH 43221-1725OH2009-05$402,877
23Newport Harbor Association Inc33 Shoreby Dr, Bratenahl, OH 44108-1190OH2002-01$398,036
24Delta Iota Chapter House Corporation Of Delta Gamma3250 Riverside Dr, Upper Arlngtn, OH 43221-1725OH2006-07$371,457
25Gamma Xi 21 Inc200 Northland Blvd, Cincinnati, OH 45246-3670OH2009-12$352,733
26Alpha Sigma Of Delta Gamma Inc3250 Riverside Dr, Upper Arlngtn, OH 43221-1725OH2009-04$325,836
27Columbus District Golf Association1570 W 1st Ave, Columbus, OH 43212-3346OH2000-02$306,734
28Alpha Lambda House Corporation Of Delta Gamma3250 Riverside Dr, Upper Arlngtn, OH 43221-1725OH2004-06$244,058
29A C B L District 5 Inc1 Chelsea Ct, Beachwood, OH 44122-7531OH2003-02$197,678
30American Croatian Political Club4846 Oberlin Ave # 50, Lorain, OH 44053-3428OH2000-06$190,513
Number of organizations performing similar types of work
Alaska39
Alabama113
Arkansas63
Arizona188
California1,156
Colorado206
Connecticut175
District of Columbia35
Delaware37
Florida652
Georgia186
Hawaii58
Iowa109
Idaho49
Illinois286
Indiana183
Kansas54
Kentucky111
Louisiana137
Massachusetts235
Maryland231
Maine63
Michigan293
Minnesota146
Missouri198
Mississippi37
Montana42
North Carolina223
North Dakota24
Nebraska45
New Hampshire69
New Jersey303
New Mexico52
Nevada79
New York537
Ohio343
Oklahoma63
Oregon162
Pennsylvania558
Rhode Island50
South Carolina134
South Dakota21
Tennessee118
Texas533
Utah53
Virginia273
Vermont41
Washington256
Wisconsin216
West Virginia55
Wyoming29
International3
Total9,322

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