Soangetaha Country Club
- Assets
- $2.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 50
- Location
- Galesburg, IL
- Founding
- 04/1945
- Data as of
- 06/2022
- EIN
- 37-0523530
Organization Overview
Soangetaha Country Club is located in Galesburg, IL. The organization was established in 1945. 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 06/2022, Soangetaha Country Club employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soangetaha 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 06/2022, Soangetaha Country Club generated $1.7m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. 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
TO PROVIDE RECREATION FOR MEMBERS INCLUDING GOLF, SWIMMING, TENNIS, FISHING, AND OTHER SOCIAL EVENTS WHERE MEMBERS CAN COMMINGLE AND SOCIALIZE WITH OTHER MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATIONS OF COUNTRY CLUB FOR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Friend General Managergolf Professi | Officer | 50 | $42,717 |
Adam Turner Director | Trustee | 3 | $0 |
Kurt Robbins Director | Trustee | 3 | $0 |
Linda Hawkins Director | Trustee | 3 | $0 |
Gary Stevens Director | Trustee | 3 | $0 |
Julia Bernardi Director | Trustee | 3 | $0 |
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 | $34,410 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,410 |
| Total Program Service Revenue | $1,198,743 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$81 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $32,080 |
| Net Income from Sales of Inventory | $260,331 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,660,920 |
| 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 | $591,293 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,885 |
| Payroll taxes | $59,356 |
| Fees for services: Management | $1,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $30,231 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $173,727 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,295 |
| Interest | $959 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $105,584 |
| Insurance | $8,267 |
| All other expenses | $136,837 |
| Total functional expenses | $1,352,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,677 |
| Savings and temporary cash investments | $176,192 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $214,803 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $114,378 |
| Prepaid expenses and deferred charges | $29,784 |
| Net Land, buildings, and equipment | $1,081,191 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $311,979 |
| Total assets | $2,269,004 |
| Accounts payable and accrued expenses | $176,240 |
| Grants payable | $0 |
| Deferred revenue | $79,133 |
| 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 | $29,149 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $284,522 |
| Net assets without donor restrictions | $0 |
| 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 | $1,984,482 |
| Total liabilities and net assets/fund balances | $2,269,004 |