Walnut Creek Country Club
- Assets
- $17.7m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 212
- Location
- South Lyon, MI
- Founding
- 02/1960
- Data as of
- 12/2021
- EIN
- 38-1471254
Organization Overview
Walnut Creek Country Club is located in South Lyon, MI. The organization was established in 1960. 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 12/2021, Walnut Creek Country Club employed 212 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walnut Creek 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 12/2021, Walnut Creek Country Club generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $4.6m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES AND ACTIVITIES FOR THE GENERAL MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE GOLF, FOOD AND BEVERAGE SERVICES, AND OTHER ACTIVITIES FOR THE GENERAL MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Rettmann Golf Course Superintendent | 40 | $173,570 | |
Kevin Frantz General Manager | Officer | 40 | $173,154 |
Drew Sayes Executive Chef | 40 | $143,740 | |
David Dewitt Controller | 40 | $111,841 | |
Steve Cojei President | OfficerTrustee | 5 | $0 |
George J Fadool Vice President/treasurer | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Frontier Golf Golf Course Contractor | 12/30/21 | $586,706 |
Liebold Irrigation Inc Irrigation Installation | 12/30/21 | $450,580 |
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 | $6,727,273 |
| Investment income | $1,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$86,776 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$349,563 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,798,698 |
| 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 | $1,011,122 |
| Pension plan accruals and contributions | $31,054 |
| Other employee benefits | $169,460 |
| Payroll taxes | $214,277 |
| 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 | $0 |
| Office expenses | $117,930 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,019 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,485 |
| Interest | $126,249 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $736,481 |
| Insurance | $126,306 |
| All other expenses | $878,221 |
| Total functional expenses | $4,586,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,120,648 |
| Savings and temporary cash investments | $2,094,905 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $697,904 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $212,585 |
| Prepaid expenses and deferred charges | $108,460 |
| Net Land, buildings, and equipment | $13,426,107 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,660,609 |
| Accounts payable and accrued expenses | $744,312 |
| Grants payable | $0 |
| Deferred revenue | $398,465 |
| 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 | $2,628,306 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $66,907 |
| Total liabilities | $3,837,990 |
| Net assets without donor restrictions | $13,822,619 |
| 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 | $17,660,609 |
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