Woodstock Club
- Assets
- $11.9m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 171
- Location
- Indianapolis, IN
- Founding
- 09/1944
- Data as of
- 11/2023
- EIN
- 35-0768120
Organization Overview
Woodstock Club is located in Indianapolis, IN. The organization was established in 1944. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 11/2023, Woodstock Club employed 171 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodstock Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 11/2023, Woodstock Club generated $5.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $5.9m during the year ending 11/2023. While expenses have increased by 6.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXCEPTIONAL FOOD AND SERVICE, OUTSTANDING RECREATIONAL FACILITIES, AND DELIGHTFUL SOCIAL EVENTS IN OUR HISTORIC SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WOODSTOCK CLUB IS A WARM AND WELCOMING PRIVATE, FAMILY ORIENTED COUNTRY CLUB COMMITTED TO PROVIDING EXCEPTIONAL FOOD AND SERVICE, OUTSTANDING RECREATIONAL FACILITIES (GOLF, TENNIS, PADDLE, PICKLEBALL, SWIMMING) AND DELIGHTFUL SOCIAL EVENTS FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barrett Miller General Mana | Officer | 55 | $132,916 |
Denis Destaic Executive Ch | 50 | $146,180 | |
D Richard Dragstrem Grounds Supe | 55 | $121,463 | |
Dan Becker President | OfficerTrustee | 1 | $0 |
Susan Nixon Vice Preside | OfficerTrustee | 1 | $0 |
Beau Garverick Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nate Holm's Golf Shop Pro Services | 11/29/23 | $350,805 |
Brian Hagman Pro Services | 11/29/23 | $311,722 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $253,044 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $253,044 |
| Total Program Service Revenue | $4,372,478 |
| Investment income | $4,108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $110,067 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $956,585 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,697,063 |
| 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. | $174,591 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,684,367 |
| Pension plan accruals and contributions | $42,519 |
| Other employee benefits | $229,183 |
| Payroll taxes | $219,931 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,419 |
| Fees for services: Accounting | $26,655 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,991 |
| Advertising and promotion | $0 |
| Office expenses | $675,524 |
| Information technology | $77,600 |
| Royalties | $0 |
| Occupancy | $552,249 |
| Travel | $44,155 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,759 |
| Interest | $128,774 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $591,846 |
| Insurance | $115,111 |
| All other expenses | $0 |
| Total functional expenses | $5,918,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $692,027 |
| Savings and temporary cash investments | $437,630 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $340,307 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $89,093 |
| Prepaid expenses and deferred charges | $46,853 |
| Net Land, buildings, and equipment | $9,342,239 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $977,548 |
| Total assets | $11,925,697 |
| Accounts payable and accrued expenses | $473,139 |
| Grants payable | $0 |
| Deferred revenue | $31,750 |
| 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 | $2,380,119 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $977,548 |
| Total liabilities | $3,862,556 |
| Net assets without donor restrictions | $8,063,141 |
| 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 | $11,925,697 |