Broadmoor Country Club is located in Indianapolis, IN. The organization was established in 1933. 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. Broadmoor 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 12/2021, Broadmoor Country Club generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 4.5% 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
PROMOTION OF OUTDOOR SPORTS SUCH AS GOLF, TENNIS AND SWIMMING AND THE ENGENDERING OF CLOSER SOCIAL RELATIONSHIPS AMOUNG THE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF OUTDOOR SPORTS SUCH AS GOLF, TENNIS AND SWIMMING AND THE ENGENDERING OF CLOSER SOCIAL RELATIONSHIPS AMOUNG THE MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Janis Frazier President | OfficerTrustee | 5 | $0 |
Todd Sermerscheim Secretary | OfficerTrustee | 5 | $0 |
A Dave Jongleux Treasurer | OfficerTrustee | 5 | $0 |
Luann Humphrey Vice President | OfficerTrustee | 5 | $0 |
Madison Hromadka Board Member | Trustee | 2 | $0 |
Larry Mitzman Board Member | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $415,607 |
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 | $415,607 |
Total Program Service Revenue | $1,898,412 |
Investment income | $9 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$29,224 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $449,239 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,003,519 |
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 | $1,325,027 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $100,524 |
Payroll taxes | $122,005 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,146 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $161,004 |
Advertising and promotion | $19,745 |
Office expenses | $57,031 |
Information technology | $26,562 |
Royalties | $0 |
Occupancy | $116,750 |
Travel | $801 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $59,355 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $197,925 |
Insurance | $71,789 |
All other expenses | $291,474 |
Total functional expenses | $3,123,343 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $39,103 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $282,993 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $69,464 |
Prepaid expenses and deferred charges | $5,217 |
Net Land, buildings, and equipment | $787,624 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $9,409 |
Total assets | $1,193,810 |
Accounts payable and accrued expenses | $307,877 |
Grants payable | $0 |
Deferred revenue | $156,327 |
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 | $946,923 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $770,202 |
Total liabilities | $2,181,329 |
Net assets without donor restrictions | $0 |
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 | $1,968,878 |
Retained earnings, endowment, accumulated income, or other funds | -$2,956,397 |
Total liabilities and net assets/fund balances | $1,193,810 |
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