Davenport Country Club
- Assets
- $8.3m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 171
- Location
- Pleasant Valley, IA
- Founding
- 01/1960
- Data as of
- 12/2021
- 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 12/2021, Davenport Country Club employed 171 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 12/2021, Davenport Country Club generated $5.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 1.1% per year over the past 7 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
2021
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 |
|---|---|---|---|
Terrance Schmidt Ceo/general Manager | Officer | 50 | $158,745 |
John Panek Ceo/general Manager | Officer | 50 | $25,661 |
Laura Ekizian President | Officer | 1 | $0 |
Matt Blaylock Vice President | Officer | 0.75 | $0 |
Dennis Echardt Secretary | Officer | 0.75 | $0 |
Jeff Hassel Treasurer | Officer | 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 | $2,775,563 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $443,835 |
| 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 | $3,219,398 |
| Total Program Service Revenue | $726,104 |
| Investment income | $620 |
| 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 | $1,296,669 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,453,222 |
| 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. | $199,356 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,691,726 |
| Pension plan accruals and contributions | $23,794 |
| Other employee benefits | $152,516 |
| Payroll taxes | $244,172 |
| 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 | $111,805 |
| Advertising and promotion | $9,592 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,288 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,389 |
| Interest | $182,081 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $688,528 |
| Insurance | $65,085 |
| All other expenses | $276,143 |
| Total functional expenses | $4,335,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,259,880 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $217,337 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $232,750 |
| Prepaid expenses and deferred charges | $41,336 |
| Net Land, buildings, and equipment | $6,456,505 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,807 |
| Total assets | $8,274,615 |
| Accounts payable and accrued expenses | $388,059 |
| Grants payable | $0 |
| Deferred revenue | $108,758 |
| 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 | $4,174,415 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $666,104 |
| Total liabilities | $5,337,336 |
| Net assets without donor restrictions | $2,937,279 |
| 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 | $8,274,615 |
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 |