Knollwood Country Club
- Assets
- $8.1m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 128
- Location
- West Bloomfield, MI
- Founding
- 08/1945
- Data as of
- 03/2024
- EIN
- 38-0724060
Organization Overview
Knollwood Country Club is located in West Bloomfield, MI. 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 03/2024, Knollwood Country Club employed 128 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knollwood 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 03/2024, Knollwood Country Club generated $7.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $5.0m during the year ending 03/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING PLEASURE AND RECREATION TO ALL MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL EXPENSES ARE INCURRED IN PROVIDING PLEASURE AND RECREATION TO ALL MEMBERS
ALL EXPENSES ARE INCURRED IN PROVIDING PLEASURE AND RECREATION TO ALL MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Behrendt Director | Trustee | 5 | $0 |
Jordan Bolton Vice Preside | OfficerTrustee | 5 | $0 |
Mark Colton President | OfficerTrustee | 5 | $0 |
Paul Finkel Treasurer | OfficerTrustee | 5 | $0 |
Nancy Goldman Director | Trustee | 5 | $0 |
Amy Grosinger Secretary | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cost Plus Construction Llc Construction | 3/30/24 | $140,899 |
Asphalt Specialties Llc Construction | 3/30/24 | $113,045 |
Troon Golf Llc Management | 3/30/24 | $104,615 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,168,042 |
| Investment income | $54,765 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$421,213 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,327,468 |
| 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 | $2,220,010 |
| Pension plan accruals and contributions | $32,755 |
| Other employee benefits | $239,351 |
| Payroll taxes | $204,185 |
| Fees for services: Management | $0 |
| 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 | $8,182 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,056 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,176 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $402,311 |
| Insurance | $171,244 |
| All other expenses | $841,597 |
| Total functional expenses | $5,024,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,121,425 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $835,649 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $240,015 |
| Prepaid expenses and deferred charges | $68,186 |
| Net Land, buildings, and equipment | $4,836,397 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,032 |
| Total assets | $8,110,704 |
| Accounts payable and accrued expenses | $227,216 |
| Grants payable | $0 |
| Deferred revenue | $353,265 |
| 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 | $958,113 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $999,627 |
| Total liabilities | $2,538,221 |
| Net assets without donor restrictions | $5,572,483 |
| 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 | $8,110,704 |