Carroll Country Club Inc
- Assets
- $789.4k
- Revenue
- $632.3k
- Investments
- $0.0
- Employees
- 60
- Location
- Carroll, IA
- Founding
- 05/1943
- Data as of
- 12/2022
- EIN
- 42-0170025
Organization Overview
Carroll Country Club Inc is located in Carroll, IA. The organization was established in 1943. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Carroll Country Club Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carroll Country Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Carroll Country Club Inc generated $632.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $726.6k during the year ending 12/2022. 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
GOLF/RESTAURANT - MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION PROVIDES GOLF COURSE & RESTAURANT FACILITIES FOR MEMBERS OF THE ORGANIZATION. NEARLY 90% OF ALL GOLF PLAYED & NEARLY 85% OF ALL CLUB HOUSE SALES HAS BEEN MADE TO THE ORGANIZATION'S MEMBERS.
ORGANIZATION PROVIDES GOLF COURSE & RESTAURANT FACILITIES FOR MEMBERS OF THE ORGANIZATION. NEARLY 90% OF ALL GOLF PLAYED & NEARLY 85% OF ALL CLUB HOUSE SALES HAS BEEN MADE TO THE ORGANIZATION'S MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Yetmar Director | Trustee | $0 | |
Charles Svenson Director | Trustee | $0 | |
Sean Canuso Director | Trustee | $0 | |
Pat Greteman Director | Trustee | $0 | |
Matt Hackfort Director | Trustee | $0 | |
Sean Haluska 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 | $557,374 |
| Investment income | $222 |
| 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 | $37,227 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $632,346 |
| 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 | $334,089 |
| Pension plan accruals and contributions | $5,299 |
| Other employee benefits | $0 |
| Payroll taxes | $35,471 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,808 |
| Office expenses | $5,836 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $675 |
| Interest | $1,888 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,165 |
| Insurance | $26,677 |
| All other expenses | $77,401 |
| Total functional expenses | $726,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,963 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,333 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,266 |
| Prepaid expenses and deferred charges | $4,531 |
| Net Land, buildings, and equipment | $490,363 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $149,919 |
| Total assets | $789,375 |
| Accounts payable and accrued expenses | $66,631 |
| 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 | $300,000 |
| Total liabilities | $366,631 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $222,520 |
| Paid-in or capital surplus, or land, building, or equipment fund | $492,714 |
| Retained earnings, endowment, accumulated income, or other funds | -$292,490 |
| Total liabilities and net assets/fund balances | $789,375 |