Old Works Golf Course Inc
- Assets
- $1.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Anaconda, MT
- Founding
- 03/2001
- Data as of
- 12/2021
- EIN
- 81-0487889
Organization Overview
Old Works Golf Course Inc is located in Anaconda, MT. The organization was established in 2001. According to its NTEE Classification (N6A) the organization is classified as: Golf, 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. Old Works Golf Course Inc 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, Old Works Golf Course Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 2.5% 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
OVERSEE MANAGEMENT AND MAINTENANCE OF OLD WORKS GOLF COURSE
Describe the Organization's Program Activity:
Part 3 - Line 4a
OLD WORKS GOLF COURSE (OWGC) AFFECTS THE LOCAL ECONOMY BY DRAWING VISITORS INTO THE REGION, REINVESTING COURSE REVENUES IN THE LOCAL COMMUNITY, AND CREATING JOBS. VISITORS WHO COME FOR GOLF SPEND MONEY AT LOCAL BUSINESSES, INCLUDING RESTAURANTS, HOTELS AND MOTELS, AND RETAIL SHOPS. OWGC OPERATIONS DIRECTLY SUPPORT LOCAL AND REGIONAL RETAILERS AND WHOLESALERS AS OWGC PURCHASES GOODS AND SERVICES WITH REVENUES. THESE HIGHER SPENDING PATTERNS SUPPORT LOCAL JOBS IN INDUSTRIES THAT SUPPORT TOURISM, IN ADDITION TO THE POSITIONS THAT OWGC SUPPORTS DIRECTLY THROUGH COURSE OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terr Vermeire Commissioner | OfficerTrustee | 1 | $0 |
Daryl Dodd Chair | OfficerTrustee | 1 | $0 |
Gary Carlson Vice Chair | OfficerTrustee | 1 | $0 |
Con Malee Secretary | OfficerTrustee | 1 | $0 |
Mike Huotte Commissioner | OfficerTrustee | 1 | $0 |
Arco - Loren Burmeister Ex-Officio | 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 | $1,355,231 |
| Investment income | $0 |
| 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 | $274,367 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,629,598 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $138,275 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,708 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,492 |
| Office expenses | $16,038 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,600 |
| Travel | $343 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,787 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,494 |
| Insurance | $57,651 |
| All other expenses | $0 |
| Total functional expenses | $1,226,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $621,491 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,043 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $79,091 |
| Prepaid expenses and deferred charges | $933 |
| Net Land, buildings, and equipment | $895,533 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,250 |
| Total assets | $1,606,341 |
| Accounts payable and accrued expenses | $177,314 |
| Grants payable | $0 |
| Deferred revenue | $5,329 |
| 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 | $404,277 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,384 |
| Total liabilities | $616,304 |
| Net assets without donor restrictions | $990,037 |
| 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 | $1,606,341 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iron Horse Golf Club Inc Whitefish, MT | $30,245,229 | $9,785,179 |
Hillcrest Country Club Inc Boise, ID | $12,228,701 | $5,954,612 |
Kalispell Golf Association End Of North Main St Kalispell, MT | $2,936,186 | $2,438,212 |
Golf Minot Inc Minot, ND | $8,324,634 | $1,508,642 |
Old Works Golf Course Inc Anaconda, MT | $1,606,341 | $1,629,598 |
Idaho Golf Association Inc Boise, ID | $468,210 | $1,174,464 |
Minot Junior Golf Association Inc Minot, ND | $6,199,667 | $1,820,730 |
Hamilton Golf Club Hamilton, MT | $364,657 | $752,513 |
South Heart Golf Course Building Authority South Heart, ND | $1,623,652 | $566,740 |
South Dakota Golf Association Sioux Falls, SD | $584,062 | $682,291 |
Whetstone Creek Golf Course Milbank, SD | $1,410,840 | $569,624 |
Dunn County Golf Association Killdeer, ND | $1,307,968 | $517,711 |