Davenport Country Club
- Assets
- $8.5m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 187
- Location
- Pleasant Valley, IA
- Founding
- 01/1960
- Data as of
- 12/2022
- EIN
- 42-0208050
Organization Overview
Davenport Country Club is located in Pleasant Valley, IA. The organization was established in 1960. 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 12/2022, Davenport Country Club employed 187 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davenport 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 12/2022, Davenport Country Club generated $5.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $5.0m during the year ending 12/2022. While expenses have increased by 2.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXCELLENT VALUE TO THE MEMBERS BY DELIVERING SUPERIOR SERVICE AND PROVIDING QUALITY FACILITIES WHILE MAINTAINING FISCAL RESPONSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE, CLUB HOUSE AND PRO SHOP FOR MEMBER RECREATIONAL USE.
RESTAURANT AND BAR FOR MEMBER USE.
SWIMMING POOL AND TENNIS FOR MEMBER USE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Eckardt Secretary | OfficerTrustee | 0.75 | $0 |
Jeff Hassel Treasurer | OfficerTrustee | 0.75 | $0 |
Adam Kunkel Vice President | OfficerTrustee | 0.75 | $0 |
Kelly Coffield Director | Trustee | 0.75 | $0 |
John Dedoncker Director | Trustee | 0.75 | $0 |
Kevin Wellman Director | Trustee | 0.75 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Estes Construction Clubhouse Renovation | 12/30/19 | $196,963 |
Seal & Stripe Asphalt Parking Lots | 12/30/19 | $194,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,506,764 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,511,764 |
| Total Program Service Revenue | $745,072 |
| Investment income | $1,121 |
| 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 | $1,380,266 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,661,724 |
| 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. | $140,215 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,241,647 |
| Pension plan accruals and contributions | $24,717 |
| Other employee benefits | $168,190 |
| Payroll taxes | $256,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $101,646 |
| Advertising and promotion | $6,166 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,902 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,349 |
| Interest | $175,593 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $667,822 |
| Insurance | $100,172 |
| All other expenses | $338,827 |
| Total functional expenses | $5,012,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,562,579 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $276,230 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $180,559 |
| Prepaid expenses and deferred charges | $30,773 |
| Net Land, buildings, and equipment | $6,228,740 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $173,363 |
| Total assets | $8,452,244 |
| Accounts payable and accrued expenses | $359,148 |
| Grants payable | $0 |
| Deferred revenue | $134,800 |
| 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 | $3,853,888 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $433,813 |
| Total liabilities | $4,781,649 |
| Net assets without donor restrictions | $3,670,595 |
| 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 | $8,452,244 |