Kearney Country Club
- Assets
- $1.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 83
- Location
- Kearney, NE
- Founding
- 02/1943
- Data as of
- 12/2022
- EIN
- 47-0208100
Organization Overview
Kearney Country Club is located in Kearney, NE. The organization was established in 1943. 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, Kearney Country Club employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kearney 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, Kearney Country Club generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 0.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL ORGANIZATION OFFERING GOLFING, SWIMMING, TENNIS AND OTHER ACTIVITIES FOR MEMBERS AND GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE FACILITIES AND RENTAL CARTS PROVIDED FOR MEMBERS AND GUESTS.
DINING ROOM FACILITIES WITH NEARBY POOL AND TENNIS COURTS PROVIDED FOR MEMBERS AND GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shellie Seeba Ex-Offico | Trustee | 1 | $0 |
Tim Hughbanks Board Member | Trustee | 1 | $0 |
Cameron Peister President | OfficerTrustee | 1 | $0 |
Brian Cochran Vice President | OfficerTrustee | 1 | $0 |
Beth Smith Board Member | Trustee | 1 | $0 |
Brooke Ward Secretary/treasurer | OfficerTrustee | 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 | $1,010,038 |
| Investment income | $2,446 |
| 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 | $277,022 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,289,506 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $654,534 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,762 |
| Payroll taxes | $55,023 |
| Fees for services: Management | $34,323 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,387 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,242 |
| Office expenses | $6,293 |
| Information technology | $2,291 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $260 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,480 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,916 |
| Insurance | $31,055 |
| All other expenses | $198,535 |
| Total functional expenses | $1,396,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,536 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131,922 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,000 |
| Inventories for sale or use | $59,261 |
| Prepaid expenses and deferred charges | $10,163 |
| Net Land, buildings, and equipment | $935,675 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,000 |
| Total assets | $1,172,557 |
| Accounts payable and accrued expenses | $100,953 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $864,554 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $965,507 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $29,640 |
| Paid-in or capital surplus, or land, building, or equipment fund | $2,541,051 |
| Retained earnings, endowment, accumulated income, or other funds | -$2,363,641 |
| Total liabilities and net assets/fund balances | $1,172,557 |