Kokomo Country Club
- Assets
- $1.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Kokomo, IN
- Founding
- 01/1950
- Data as of
- 12/2022
- EIN
- 35-0448195
Organization Overview
Kokomo Country Club is located in Kokomo, IN. The organization was established in 1950. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kokomo Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Kokomo Country Club generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 22.2% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FACILITIES TO MEMBERSHIP TO BE USED FOR SOCIAL INTERACTION. FACILITIES INCLUDE GOLF COURSE, SWIMMING POOL, AND RESTAURANT
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTAURANT & BAR FACILITIES PROVIDED TO MEMBERSHIP FOR USE FOR
GOLF FACILITIES PROVIDED TO MEMBERSHIP FOR USE FOR SOCIAL INTERACTION
SWIMMING FACILITIES PROVIDED TO MEMBERSHIP FOR USE FOR SOCIAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Mccann Director | Trustee | 1 | $0 |
Joe Klein Director | Trustee | 1 | $0 |
Jonathan Malin Secretary | 0 | $0 | |
Cindy Harrold Director | Trustee | 1 | $0 |
Kevin Broo Director | 0 | $0 | |
Cody Schafer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $589,860 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $589,860 |
| Total Program Service Revenue | $207,994 |
| Investment income | $206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,245 |
| Net Gain/Loss on Asset Sales | $5,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $444,743 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,274,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $691,036 |
| Pension plan accruals and contributions | $1,660 |
| Other employee benefits | $0 |
| Payroll taxes | $64,602 |
| Fees for services: Management | $92,700 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $90,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,022 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $194,289 |
| Travel | $16,322 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35,690 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,585 |
| Insurance | $49,035 |
| All other expenses | $388,140 |
| Total functional expenses | $1,708,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,306 |
| Savings and temporary cash investments | $16,114 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $167,396 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $41,065 |
| Prepaid expenses and deferred charges | $26,262 |
| Net Land, buildings, and equipment | $850,228 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,112,371 |
| Accounts payable and accrued expenses | $348,279 |
| Grants payable | $0 |
| Deferred revenue | $90,385 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $639,321 |
| Unsecured mortgages and notes payable | $500,000 |
| Other liabilities | $0 |
| Total liabilities | $1,577,985 |
| Net assets without donor restrictions | -$465,614 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,112,371 |