Cedar Rapids Country Club
- Assets
- $15.3m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 202
- Location
- Cedar Rapids, IA
- Founding
- 07/1958
- Data as of
- 01/2022
- EIN
- 42-0172960
Organization Overview
Cedar Rapids Country Club is located in Cedar Rapids, IA. The organization was established in 1958. 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 01/2022, Cedar Rapids Country Club employed 202 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Rapids Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 01/2022, Cedar Rapids Country Club generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $5.5m during the year ending 01/2022. 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
A PRIVATE GOLF COURSE/CLUBHOUSE SERVING MEMBERS PRIMARILY FROM CEDAR RAPIDS, IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEDAR RAPIDS COUNTRY CLUB OPERATES A GOLF COURSE, CLUBHOUSE, TENNIS COURTS AND SWIMMING POOL. THE MEMBERS ARE PRIMARILY FROM THE CEDAR RAPIDS COMMUNITY AND SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Feller General Manager | Officer | 40 | $171,413 |
Todd Larson Golf Pro | 40 | $135,900 | |
Jay Kelly Vice President | OfficerTrustee | 2 | $0 |
Katharine Brown Secretary | OfficerTrustee | 2 | $0 |
Wayne Flory President | OfficerTrustee | 2 | $0 |
Landis Wiley Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $647,825 |
| 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 | $647,825 |
| Total Program Service Revenue | $5,868,765 |
| Investment income | $3,549 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$23,412 |
| Net Gain/Loss on Asset Sales | $322,269 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,818,996 |
| 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. | $169,388 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,335,027 |
| Pension plan accruals and contributions | $15,350 |
| Other employee benefits | $22,467 |
| Payroll taxes | $477,639 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35 |
| Fees for services: Accounting | $29,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,084 |
| Advertising and promotion | $0 |
| Office expenses | $87,911 |
| Information technology | $2,668 |
| Royalties | $0 |
| Occupancy | $650,238 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,899 |
| Interest | $101,904 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $716,519 |
| Insurance | $5,595 |
| All other expenses | $77,556 |
| Total functional expenses | $5,530,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $657,884 |
| Savings and temporary cash investments | $2,131,094 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $264,711 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $148,430 |
| Prepaid expenses and deferred charges | $59,670 |
| Net Land, buildings, and equipment | $12,002,537 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,264,326 |
| Accounts payable and accrued expenses | $924,116 |
| Grants payable | $0 |
| Deferred revenue | $2,542,961 |
| 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 | $2,294,338 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $503,060 |
| Total liabilities | $6,264,475 |
| Net assets without donor restrictions | $8,999,851 |
| 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 | $15,264,326 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union League Club Of Chicago Chicago, IL | $26,749,429 | $20,158,030 |
Missouri Athletic Club St Louis, MO | $22,640,194 | $18,091,674 |
Butterfield Country Club Oak Brook, IL | $37,524,568 | $14,281,799 |
University Club Of Chicago Chicago, IL | $40,558,650 | $14,990,991 |
Bellerive Country Club Saint Louis, MO | $30,118,733 | $15,442,843 |
National Association Of Intercollegiate Athletics Kansas City, MO | $12,204,653 | $13,287,204 |
Happy Hollow Club Omaha, NE | $18,174,683 | $12,125,031 |
Westmoreland Country Club Wilmette, IL | $31,536,434 | $12,960,463 |
St Louis Country Club Saint Louis, MO | $23,333,122 | $12,315,220 |
Skokie Country Club Glencoe, IL | $25,480,990 | $12,823,319 |
Northmoor Country Club Highland Park, IL | $11,897,440 | $11,149,941 |
Lake Shore Country Club Glencoe, IL | $23,861,178 | $9,263,473 |