Thunder Hills Country Club Inc
- Assets
- $5.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 101
- Location
- Peosta, IA
- Founding
- 08/1977
- Data as of
- 10/2023
- EIN
- 23-7070471
Organization Overview
Thunder Hills Country Club Inc is located in Peosta, IA. The organization was established in 1977. 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, Thunder Hills Country Club Inc employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thunder Hills Country Club Inc 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, Thunder Hills Country Club Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $2.4m during the year ending 10/2023. While expenses have increased by 7.7% 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
OFFERS SOCIAL AND ATHLETIC FACILITIES TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERS SOCIAL AND ATHLETIC FACILITIES TO 425 MEMBERS, INCLUDING A GOLF COURSE, TENNIS COURT, AND SWIMMING POOL FACILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Reilly President | OfficerTrustee | 4 | $0 |
Jennifer Clemens-Conlon Vice President | OfficerTrustee | 4 | $0 |
Jeff Jansen Director | Trustee | 3 | $0 |
Alex Beck Director | Trustee | 3 | $0 |
Reggie Rowe Treasurer | OfficerTrustee | 4 | $0 |
Amy Haldemann Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,600,931 |
| 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 | $1,600,931 |
| Total Program Service Revenue | $340,780 |
| Investment income | $29 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $74,944 |
| Net Income from Fundraising Events | $30,264 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $471,273 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,541,192 |
| 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. | $147,322 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $850,401 |
| Pension plan accruals and contributions | $13,306 |
| Other employee benefits | $113,827 |
| Payroll taxes | $112,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $179,310 |
| Travel | $2,530 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $82,478 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $406,153 |
| Insurance | $66,200 |
| All other expenses | $105,465 |
| Total functional expenses | $2,382,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,278 |
| Savings and temporary cash investments | $97,374 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $193,352 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $73,868 |
| Prepaid expenses and deferred charges | $66,411 |
| Net Land, buildings, and equipment | $4,628,486 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $191,962 |
| Total assets | $5,254,731 |
| Accounts payable and accrued expenses | $234,057 |
| 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 | $2,578,019 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $575,987 |
| Total liabilities | $3,388,063 |
| Net assets without donor restrictions | $1,866,668 |
| 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 | $5,254,731 |