Detroit Country Club Improvement Trust
- Assets
- $180.7k
- Revenue
- $7.5k
- Investments
- $179.9k
- Employees
- 0
- Location
- Detroit Lakes, MN
- Founding
- 03/1993
- Data as of
- 12/2021
- EIN
- 41-6288825
Organization Overview
Detroit Country Club Improvement Trust is located in Detroit Lakes, MN. The organization was established in 1993. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit Country Club Improvement Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Detroit Country Club Improvement Trust generated $7.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $5.0k during the year ending 12/2021. While expenses have increased by 6.0% per year over the past 6 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION EXISTS TO CONTRIBUTE ITS EARNINGS TO THE CITY OF DETROIT LAKES OWNED GOLF COURSE FOR BEAUTIFICATION OF THE GOLF COURSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mason Pender Trustee | 0.5 | $0 | |
Sam Rufer Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,281 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,626 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,550 |
| Total Revenue | $7,457 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,337 |
| Total operating and administrative expenses | $2,337 |
| Contributions, gifts, grants paid | $2,626 |
| Total expenses and disbursements | $4,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $790 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $179,932 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $180,722 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,626 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,626 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Club Inc Milwaukee, WI | $13,631,132 | $7,676,658 |
Milwaukee Country Club River Hills, WI | $13,393,861 | $8,032,632 |
North Shore Country Club Mequon, WI | $12,385,301 | $7,356,496 |
Woodhill Country Club Wayzata, MN | $12,252,723 | $5,942,697 |
Green Bay Country Club Inc Green Bay, WI | $11,578,714 | $7,130,925 |
Minneapolis Club Inc Minneapolis, MN | $13,677,806 | $3,594,595 |
Spring Hill Golf Club Wayzata, MN | $14,177,799 | $4,336,296 |
Chenequa Country Club Inc Hartland, WI | $8,162,285 | $3,577,706 |
Tuckaway Country Club Inc Franklin, WI | $8,452,752 | $4,849,926 |
Lake Geneva Country Club Fontana, WI | $6,852,229 | $4,168,458 |
West Bend Country Club West Bend, WI | $5,974,564 | $4,364,708 |
Ozaukee Country Club Mequon, WI | $8,942,938 | $4,466,507 |