Elmcrest Golf & Country Club
- Assets
- $8.5m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 199
- Location
- Cedar Rapids, IA
- Founding
- 06/1959
- Data as of
- 10/2023
- EIN
- 42-0651987
Organization Overview
Elmcrest Golf & Country Club is located in Cedar Rapids, IA. The organization was established in 1959. 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 10/2023, Elmcrest Golf & Country Club employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elmcrest Golf & 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 10/2023, Elmcrest Golf & Country Club generated $6.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $6.4m during the year ending 10/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE DINING, RECREATIONAL AND SOCIAL ACTIVITIES TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE RECREATIONAL FACILITIES TO MEMBERS FOR DINING, GOLFING, SWIMMING AND TENNIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Sleege COO | Officer | 40 | $127,250 |
Bennet Hammerberg President | OfficerTrustee | 1 | $0 |
Melanie Abu-Nameh Secretary | OfficerTrustee | 1 | $0 |
Travis Fell Treasurer | OfficerTrustee | 1 | $0 |
Pat Baird Director | Trustee | 1 | $0 |
Brad Canfield Director | Trustee | 1 | $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 | $6,206,675 |
| Investment income | $17,605 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,192 |
| Net Gain/Loss on Asset Sales | $7,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,484,385 |
| 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. | $207,311 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,270,233 |
| Pension plan accruals and contributions | $30,000 |
| Other employee benefits | $240,414 |
| Payroll taxes | $228,861 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $178,129 |
| 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 | $36 |
| Advertising and promotion | $926 |
| Office expenses | $12,478 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $576,809 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,847 |
| Interest | $282,602 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $552,258 |
| Insurance | $0 |
| All other expenses | $98,398 |
| Total functional expenses | $6,356,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $858,594 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $313,052 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $155,369 |
| Prepaid expenses and deferred charges | $67,614 |
| Net Land, buildings, and equipment | $6,877,979 |
| Investments—publicly traded securities | $178,532 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $95,140 |
| Total assets | $8,546,280 |
| Accounts payable and accrued expenses | $839,152 |
| Grants payable | $0 |
| Deferred revenue | $990,364 |
| 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 | $6,569,440 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $320,044 |
| Total liabilities | $8,719,000 |
| Net assets without donor restrictions | $0 |
| 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 | -$172,720 |
| Total liabilities and net assets/fund balances | $8,546,280 |