Des Moines Golf And Country Club Educational Corporation
- Assets
- $485.0k
- Revenue
- $121.7k
- Investments
- $469.5k
- Employees
- 0
- Location
- West Des Moines, IA
- Founding
- 11/1993
- Data as of
- 12/2021
- EIN
- 42-1402068
Organization Overview
Des Moines Golf And Country Club Educational Corporation is located in West Des Moines, IA. The organization was established in 1993. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Des Moines Golf And Country Club Educational Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Des Moines Golf And Country Club Educational Corporation generated $121.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $84.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Des Moines Golf And Country Club Educational Corporation has awarded 158 individual grants totaling $334,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DES MOINES GOLF AND COUNTRY CLUB EDUCATIONAL FOUNDATION'S DIRECT CHARITABLE ACTIVITIES INCLUDES THE AWARDING OF APPROXIMATELY 45 SCHOLARSHIPS TO ALL EMPLOYEES AND CHILDREN OF EMPLOYEES OF DES MOINES GOLF CLUB RECEIVE A SCHOLARSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross Dickinson President | 1 | $0 | |
Mark Schaul Director | 1 | $0 | |
Tim Triplett Director | 1 | $0 | |
Hulbert Bannister Director | 1 | $0 | |
Robert Clark Director | 1 | $0 | |
Randy Stefani Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $38,770 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,517 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $74,380 |
| Capital Gain Net Income | $74,380 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $121,667 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $44 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $265 |
| Other expenses | $10,021 |
| Total operating and administrative expenses | $10,855 |
| Contributions, gifts, grants paid | $74,000 |
| Total expenses and disbursements | $84,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,260 |
| Savings and temporary cash investments | $10,337 |
| Net Accounts receivable | $900 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $484,974 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Des Moines Golf And Country Club Educational Corporation has awarded $101,000 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
KYLE ELMORE PURPOSE: SCHOLARSHIPS | $3,000 |
JOSEPH HARKINS PURPOSE: SCHOLARSHIPS | $3,000 |
DENTON-DAKOTA MILES PURPOSE: SCHOLARSHIPS | $3,000 |
KYLE ELMORE PURPOSE: SCHOLARSHIPS | $3,000 |
DENTON-DAKOTA MILES PURPOSE: SCHOLARSHIPS | $3,000 |
KENNEDY MORRIS PURPOSE: SCHOLARSHIPS | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Twin Orchard Country Club Long Grove, IL | $7,888,847 | $8,779,508 |
Briarwood Country Club Deerfield, IL | $16,862,462 | $7,936,936 |
Wisconsin Club Inc Milwaukee, WI | $13,631,132 | $7,676,658 |
Milwaukee Country Club River Hills, WI | $13,393,861 | $8,032,632 |
Chicago Club Chicago, IL | $23,297,083 | $6,965,290 |
Westborough Country Club St Louis, MO | $12,574,803 | $8,255,604 |
North Shore Country Club Mequon, WI | $12,385,301 | $7,356,496 |
Woodhill Country Club Wayzata, MN | $12,252,723 | $5,942,697 |
River Forest Country Club Elmhurst, IL | $11,952,693 | $7,876,925 |
Conway Farms Golf Club Inc Lake Forest, IL | $28,236,778 | $8,719,837 |
Chicago Yacht Club Chicago, IL | $8,000,241 | $5,569,403 |
Green Bay Country Club Inc Green Bay, WI | $11,578,714 | $7,130,925 |