Racine Country Club
- Assets
- $0.0
- Revenue
- -$1.7m
- Investments
- $0.0
- Employees
- 144
- Location
- Racine, WI
- Founding
- 10/1944
- Data as of
- 09/2023
- EIN
- 39-0554780
Organization Overview
Racine Country Club is located in Racine, WI. The organization was established in 1944. 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 09/2023, Racine Country Club employed 144 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racine Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB MAINTAINS A GOLF COURSE AND OTHER SOCIAL AND ENTERTAINMENT FACILITIES FOR OVER 300 MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB MAINTAINS A GOLF COURSE AND OTHER SOCIAL AND ENTERTAINMENT FACILITIES FOR OVER 300 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Johnson President | OfficerTrustee | 1 | $0 |
Richard Ruffo Vice President | OfficerTrustee | 1 | $0 |
Thomas Schaefer Treasurer | OfficerTrustee | 1 | $0 |
Andrea Bukacek Secretary | OfficerTrustee | 1 | $0 |
Jessica Lynott Director | Trustee | 1 | $0 |
John Busey Director | Trustee | 1 | $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 | $2,850,524 |
| Investment income | $32,483 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,905,636 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,066,486 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$1,731,383 |
| 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. | $139,750 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,101,284 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $95,982 |
| Payroll taxes | $223,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,656 |
| Fees for services: Accounting | $11,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $284,410 |
| Advertising and promotion | $26,874 |
| Office expenses | $373,435 |
| Information technology | $30,981 |
| Royalties | $0 |
| Occupancy | $657,125 |
| Travel | $35,479 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,734 |
| Interest | $148,318 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $477,895 |
| Insurance | $116,862 |
| All other expenses | $51,657 |
| Total functional expenses | $5,207,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |