Long Beach Country Club
- Assets
- $8.0m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 121
- Location
- Michigan City, IN
- Founding
- 10/1971
- Data as of
- 04/2023
- EIN
- 35-0477550
Organization Overview
Long Beach Country Club is located in Michigan City, IN. The organization was established in 1971. 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 04/2023, Long Beach Country Club employed 121 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Long Beach 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 04/2023, Long Beach Country Club generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $4.0m during the year ending 04/2023. While expenses have increased by 6.1% per year over the past 4 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
TO PROVIDE A SOCIAL MEETING PLACE FOR ITS MEMBERS
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 |
|---|---|---|---|
Brian Godfrey Golf Pro | 40 | $140,192 | |
Annette Corbett General Manager | Officer | 40 | $150,116 |
Bob Clark President | OfficerTrustee | 2.5 | $0 |
Ronald Dell Treasurer | OfficerTrustee | 2.5 | $0 |
Jordan Gallas Secretary | OfficerTrustee | 2.5 | $0 |
Darryl Schlmeck Golf Chair | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,296,727 |
| 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 | $4,296,727 |
| Total Program Service Revenue | $421,997 |
| Investment income | $20,870 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,160 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $720,284 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,444,718 |
| 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 | $1,788,132 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $174,944 |
| Payroll taxes | $156,504 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,906 |
| Fees for services: Accounting | $18,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $175,040 |
| Advertising and promotion | $14,696 |
| Office expenses | $13,077 |
| Information technology | $67,370 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $970 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $67,540 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $376,953 |
| Insurance | $66,654 |
| All other expenses | $411,113 |
| Total functional expenses | $3,954,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $669,867 |
| Savings and temporary cash investments | $1,520,816 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $410,230 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $86,772 |
| Prepaid expenses and deferred charges | $28,106 |
| Net Land, buildings, and equipment | $5,249,266 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,184 |
| Total assets | $7,997,241 |
| Accounts payable and accrued expenses | $1,983,272 |
| Grants payable | $0 |
| Deferred revenue | $3,021 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $40,700 |
| Other liabilities | $506,984 |
| Total liabilities | $2,533,977 |
| Net assets without donor restrictions | $5,463,264 |
| 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 | $7,997,241 |