Happy Hollow Club
- Assets
- $18.2m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 330
- Location
- Omaha, NE
- Founding
- 05/1959
- Data as of
- 11/2021
- EIN
- 47-0365283
Organization Overview
Happy Hollow Club is located in Omaha, NE. 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 11/2021, Happy Hollow Club employed 330 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Happy Hollow Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 11/2021, Happy Hollow Club generated $12.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $11.8m during the year ending 11/2021. While expenses have increased by 4.5% per year over the past 6 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
CLUB ORGANIZED FOR SOCIAL, RECREATIONAL AND OTHER ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Schneider General Manager | Officer | 40 | $244,309 |
Mike Antonio Golf Professional | Officer | 40 | $168,927 |
Scott Axon Greens Superintendent | Officer | 40 | $161,371 |
Jeff Tyson Financial Manager | Officer | 40 | $101,235 |
Marc Wisdom Vice President | OfficerTrustee | 1 | $0 |
John Weiss Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,342,328 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,076,182 |
| 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 | $7,418,510 |
| Total Program Service Revenue | $2,069,486 |
| Investment income | $154 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,633,281 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,125,031 |
| 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. | $759,355 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,797,977 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $669,085 |
| Payroll taxes | $472,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $206,120 |
| Advertising and promotion | $0 |
| Office expenses | $759,768 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $534,093 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,217 |
| Interest | $329,550 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,687,119 |
| Insurance | $245,346 |
| All other expenses | $332,236 |
| Total functional expenses | $11,812,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,800 |
| Savings and temporary cash investments | $959,721 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,253,356 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $548,896 |
| Prepaid expenses and deferred charges | $57,790 |
| Net Land, buildings, and equipment | $15,352,120 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,174,683 |
| Accounts payable and accrued expenses | $514,524 |
| 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 | $7,929,940 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,154,518 |
| Total liabilities | $9,598,982 |
| Net assets without donor restrictions | $8,575,701 |
| 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 | $18,174,683 |
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|---|---|---|
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Cherry Hills Country Club Englewood, CO | $65,318,672 | $17,559,884 |
Denver Country Club Denver, CO | $40,162,102 | $13,375,074 |
Bellerive Country Club Saint Louis, MO | $30,118,733 | $15,442,843 |
Columbine Country Club Columbine Valley, CO | $37,675,928 | $14,753,551 |
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 |
Gamma Phi Beta Sorority Inc Centennial, CO | $31,209,730 | $12,603,697 |
St Louis Country Club Saint Louis, MO | $23,333,122 | $12,315,220 |
Sports Car Club Of America Incorporated Topeka, KS | $6,701,641 | $11,632,236 |
Hallbrook Country Club Leawood, KS | $18,508,946 | $11,580,698 |