SOCC, INC. dba
SEVEN OAKS COUNTRY CLUB
NOTES TO FINANCIAL STATEMENTS
Note 12. Functional Expenses
As a not-for-profit entity, the Club is required to present expenses by functional classification for program and supporting activities. The Club ’ s primary program activities are food and beverage and sports and recreational activities. Expenses reported as supporting activities are incurred in support of these primary program activities.
Expenses by functional classification for the years ended December 31, 2022 and 2021, consist of the following:
2022
Program Activities
Food and Sports and Supporting Beverage Recreation Activities
Total
Cost of sales
$ 1,488,412 2,313,770
$ 349,313 3,189,589 2,509,009 $ 6,047,911
$
-
$ 1,837,725
Payroll and related
1,050,923 1,021,900 $ 2,072,823
6,554,282 3,897,189
Supplies, services and other
366,280
$ 4,168,462
$ 12,289,196
2021
Program Activities
Food and Sports and Supporting Beverage Recreation Activities
Total
Cost of sales
$ 1,126,828 1,731,068
$ 412,327 2,783,999 2,135,660 $ 5,331,986
$
-
$ 1,539,155
Payroll and related
914,860 886,987
5,429,927 3,272,577
Supplies, services and other
249,930
$ 3,107,826
$ 1,801,847
$ 10,241,659
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