Overview
What is The Oaks Club?
The Oaks Club is a property-holding entity, structured as a nonprofit organization under section 501(c)(3). Its primary function is to manage a facility that generates income, with any excess funds being transferred to the associated 501(c)(3) organization. This 501(c)(3) organization utilizes the facility, furthering its charitable objectives. The Oaks Club serves as a supportive foundation for the mission and activities of the affiliated nonprofit organization.
Is The Oaks Club legitimate?
The Oaks Club is a legitimate nonprofit organization registered as a 501(c)(2) entity. The Oaks Club submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
What is the mission statement of The Oaks Club?
The Oaks Club is structured to own and manage a property, generating income. The excess earnings are then transferred to a 501(c)(3) organization. This facility is utilized and supported by the said non-profit organization. The primary objective of The Oaks Club is to serve as a financial resource for the beneficiary 501(c)(3) organization. It's important to note that The Oaks Club does not have a direct mission statement of its own, as its purpose is primarily to support the mission of the associated 501(c)(3) organization.
Who is the CEO of The Oaks Club?
Joe Weisgarber is the President of The Oaks Club.
What is the revenue of The Oaks Club?
The Oaks Club's revenue in 2022 was $967.
Who are the executives of The Oaks Club and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990EZ for The Oaks Club?
The Oaks Club's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of The Oaks Club
The Oaks Club is an organization with a unique mission. Its primary role is to hold the title to a property, generate income from its use, and subsequently transfer any excess funds to a 501(c)(3) nonprofit organization. This 501(c)(3) entity then utilizes the collected income for its charitable activities. The Oaks Club plays a supportive role by providing a facility that is in turn utilized by this nonprofit organization. This arrangement allows the 501(c)(3) group to focus on its mission without the burden of property management, ultimately benefiting from the income generated by the property.
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Impact
October, 2024
The Oaks Club plays a crucial role in supporting community improvement initiatives in North Lawrence, OH. By holding the title to property and generating income through its facilities, the organization ensures that resources are effectively utilized to benefit the local community. The financial surplus collected is redirected to support various programs and services provided by a connected 501(c)(3) organization, enhancing the overall welfare of the community. This synergy not only strengthens local engagement but also facilitates access to essential services and activities, contributing to the social and economic development of the area. Through its dedicated efforts, The Oaks Club fosters a strong sense of community and empowerment among residents.
This information is meant to be a general summary of The Oaks Club. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $967
- Gross Receipts: $967
Assets and Liabilities:
- Total Assets: $159,276
- Total Liabilities: $0
- Net Assets: $159,276
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Organization Details
Phone
(330) 833-3611Principal Officer
Joe Weisgarber
Main Address
PO Box 183, North Lawrence, OH, 446660183
NTEE Category
Code: S47 - Community improvement
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