Oconomowoc Golf Club
- Assets
- $3.7m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 107
- Location
- Oconomowoc, WI
- Founding
- 01/1940
- Data as of
- 10/2023
- 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 10/2023, Oconomowoc Golf Club employed 107 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 10/2023, Oconomowoc Golf Club generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $2.7m during the year ending 10/2023. While expenses have increased by 3.4% 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
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 |
|---|---|---|---|
Kevin Pagenkopf President | OfficerTrustee | $0 | |
Dennis Carpenter Vice Preside | OfficerTrustee | $0 | |
Tom Kurgan Treasurer | OfficerTrustee | $0 | |
Nate Zastrow Secretary | OfficerTrustee | $0 | |
Jerry Baier Director | Trustee | $0 | |
Mark Cooper 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 | $2,345,114 |
| Investment income | $28,914 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,512 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $551,869 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,101,136 |
| 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 | $1,364,704 |
| Pension plan accruals and contributions | $16,543 |
| Other employee benefits | $105,149 |
| Payroll taxes | $159,334 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,876 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,517 |
| Advertising and promotion | $155 |
| Office expenses | $13,510 |
| Information technology | $39,965 |
| Royalties | $0 |
| Occupancy | $81,962 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,846 |
| Interest | $10,737 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $295,955 |
| Insurance | $44,705 |
| All other expenses | $7,845 |
| Total functional expenses | $2,723,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,383 |
| Savings and temporary cash investments | $786,251 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,583 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $219,227 |
| Prepaid expenses and deferred charges | $7,540 |
| Net Land, buildings, and equipment | $2,506,178 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,740,162 |
| Accounts payable and accrued expenses | $418,658 |
| 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 | $237,102 |
| Unsecured mortgages and notes payable | $200,000 |
| Other liabilities | $0 |
| Total liabilities | $955,760 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $285,055 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,499,347 |
| Total liabilities and net assets/fund balances | $3,740,162 |