Tippecanoe Lake Country Club
- Assets
- $4.2m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 93
- Location
- Leesburg, IN
- Founding
- 02/1935
- Data as of
- 12/2021
- EIN
- 35-0711197
Organization Overview
Tippecanoe Lake Country Club is located in Leesburg, IN. The organization was established in 1935. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Tippecanoe Lake Country Club employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tippecanoe Lake 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, Tippecanoe Lake Country Club generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 4.0% 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
THIS ORGANIZATION PROVIDES AND MAINTAINS RECREATIONAL FACILITIES FOR THE USE OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE MAINTENANCE
GOLF OPERATIONS
FOOD & BEVERAGE OPERATIONS
CLUBHOUSE AND OTHER SPORTS OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Forks Superintendent | 40 | $104,540 | |
Jim Howard President | OfficerTrustee | 1 | $0 |
Tom Schilling Vice President | OfficerTrustee | 1 | $0 |
Deb Nicol Secretary | OfficerTrustee | 1 | $0 |
Dan Swanson Treasurer | OfficerTrustee | 1 | $0 |
Todd Dawson Director | 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 | $2,097,468 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,600 |
| 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 | $822,937 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,941,990 |
| 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. | $107,773 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,249,572 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,467 |
| Payroll taxes | $131,642 |
| Fees for services: Management | $69,384 |
| Fees for services: Legal | $5,691 |
| Fees for services: Accounting | $30,449 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,974 |
| Advertising and promotion | $25,044 |
| Office expenses | $115,886 |
| Information technology | $35,471 |
| Royalties | $0 |
| Occupancy | $99,737 |
| Travel | $2,529 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,628 |
| Interest | $466 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $335,631 |
| Insurance | $77,436 |
| All other expenses | $30,536 |
| Total functional expenses | $2,674,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,276 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,066,397 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $59,441 |
| Prepaid expenses and deferred charges | $99,340 |
| Net Land, buildings, and equipment | $2,945,504 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,190,958 |
| Accounts payable and accrued expenses | $386,762 |
| Grants payable | $0 |
| Deferred revenue | $888,581 |
| 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 | $136,068 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,411,411 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,779,547 |
| Total liabilities and net assets/fund balances | $4,190,958 |
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