Oconomowoc Golf Club
- Assets
- $3.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 90
- Location
- Oconomowoc, WI
- Founding
- 01/1940
- Data as of
- 10/2022
- EIN
- 39-0513312
Organization Overview
Oconomowoc Golf Club is located in Oconomowoc, WI. The organization was established in 1940. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 10/2022, Oconomowoc Golf Club employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oconomowoc Golf Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2022, Oconomowoc Golf Club generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $2.5m during the year ending 10/2022. While expenses have increased by 2.7% per year over the past 7 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
THIS ORGANIZATION WAS ESTABLISHED AS A MEMBER-OWNED PRIVATE GOLF CLUB TO PROVIDE A RECREATIONAL ENVIRONMENT FOR GOLF AND RELATED SERVICES FOR IT'S MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Knudtson Secretary | OfficerTrustee | $0 | |
Carl Geraldson Treasurer | OfficerTrustee | $0 | |
Jim Ziebart President | OfficerTrustee | $0 | |
Jerry Baier Director | Trustee | $0 | |
Paul Thompson Director | Trustee | $0 | |
Dennis Carpenter Director | Trustee | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,167,976 |
| Investment income | $205 |
| 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 | $440,977 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,780,073 |
| 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 | $1,222,863 |
| Pension plan accruals and contributions | $13,352 |
| Other employee benefits | $99,380 |
| Payroll taxes | $150,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,473 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,597 |
| Advertising and promotion | $155 |
| Office expenses | $7,320 |
| Information technology | $38,236 |
| Royalties | $0 |
| Occupancy | $80,106 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,583 |
| Interest | $14,003 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $299,954 |
| Insurance | $42,717 |
| All other expenses | $5,631 |
| Total functional expenses | $2,501,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $528,366 |
| Savings and temporary cash investments | $361,015 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $102,325 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $198,115 |
| Prepaid expenses and deferred charges | $7,502 |
| Net Land, buildings, and equipment | $2,521,262 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,718,585 |
| Accounts payable and accrued expenses | $590,563 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $100,000 |
| Secured mortgages and notes payable | $322,559 |
| Unsecured mortgages and notes payable | $300,000 |
| Other liabilities | $0 |
| Total liabilities | $1,313,122 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $284,055 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,121,408 |
| Total liabilities and net assets/fund balances | $3,718,585 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Golf Association Glenview, IL | $11,404,797 | $19,646,849 |
Crystal Tree Golf And Country Club Orland Park, IL | $22,733,693 | $7,174,388 |
Chicago District Golf Association Lemont, IL | $10,835,178 | $5,446,204 |
Minnesota Golf Association Inc Edina, MN | $1,691,955 | $3,127,420 |
Oconomowoc Golf Club Oconomowoc, WI | $3,718,585 | $2,780,073 |
Wisconsin State Golf Association Inc West Allis, WI | $3,484,583 | $2,661,468 |
Golf Association Of Michigan Farmington Hills, MI | $2,526,991 | $2,575,514 |
Ridge Golf Association Inc Sioux Center, IA | $763,275 | $2,061,022 |
Wisconsin Section Of The Prfsnl Golfers Assoc Of Amer Inc West Allis, WI | $2,346,831 | $1,993,640 |
Odyssey Charities Oak Brook, IL | $10,452,799 | $1,300,972 |
Wequetonsing Golf Club Harbor Springs, MI | $4,901,495 | $1,040,456 |
Detroit Country Club Inc Detroit Lakes, MN | $2,607,069 | $1,763,955 |