Woodstock Club
- Assets
- $12.4m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 126
- Location
- Indianapolis, IN
- Founding
- 09/1944
- Data as of
- 11/2022
- EIN
- 35-0768120
Organization Overview
Woodstock Club is located in Indianapolis, IN. The organization was established in 1944. 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 11/2022, Woodstock Club employed 126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodstock Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 11/2022, Woodstock Club generated $5.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $5.5m during the year ending 11/2022. While expenses have increased by 6.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXCEPTIONAL FOOD AND SERVICE, OUTSTANDING RECREATIONAL FACILITIES, AND DELIGHTFUL SOCIAL EVENTS IN OUR HISTORIC SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WOODSTOCK CLUB IS A WARM AND WELCOMING PRIVATE, FAMILY ORIENTED COUNTRY CLUB COMMITTED TO PROVIDING EXCEPTIONAL FOOD AND SERVICE, OUTSTANDING RECREATIONAL FACILITIES (GOLF, TENNIS, PADDLE, PICKLEBALL, SWIMMING) AND DELIGHTFUL SOCIAL EVENTS FOR ITS MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denis Destaic Executive Ch | 50 | $146,399 | |
Barrett Miller General Mana | Officer | 55 | $117,608 |
D Richard Dragstrem Grounds Supe | 55 | $115,848 | |
Dan Becker Treasurer | OfficerTrustee | 1 | $0 |
Kasey Wakefield Vice Preside | OfficerTrustee | 1 | $0 |
Jr Kelly President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greg Havil's Golf Shop Pro Services | 11/29/21 | $401,482 |
Brian Hagman Pro Services | 11/29/21 | $280,673 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $380,869 |
| All other contributions, gifts, grants, and similar amounts not included above | $328,909 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $709,778 |
| Total Program Service Revenue | $3,706,349 |
| Investment income | $475 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $450,180 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,046,499 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,937,043 |
| 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. | $167,135 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,361,353 |
| Pension plan accruals and contributions | $201,920 |
| Other employee benefits | $276,763 |
| Payroll taxes | $194,422 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,609 |
| Fees for services: Accounting | $25,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $137,372 |
| Advertising and promotion | $0 |
| Office expenses | $313,869 |
| Information technology | $69,065 |
| Royalties | $0 |
| Occupancy | $647,454 |
| Travel | $48,001 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,971 |
| Interest | $135,263 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $550,643 |
| Insurance | $88,541 |
| All other expenses | $2,868 |
| Total functional expenses | $5,542,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $526,684 |
| Savings and temporary cash investments | $831,626 |
| Pledges and grants receivable | $11,136 |
| Accounts receivable, net | $363,765 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,510 |
| Prepaid expenses and deferred charges | $58,480 |
| Net Land, buildings, and equipment | $9,332,951 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,179,176 |
| Total assets | $12,371,328 |
| Accounts payable and accrued expenses | $597,186 |
| Grants payable | $0 |
| Deferred revenue | $28,350 |
| 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 | $2,528,200 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $932,758 |
| Total liabilities | $4,086,494 |
| Net assets without donor restrictions | $7,871,286 |
| Net assets with donor restrictions | $413,548 |
| 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 | $12,371,328 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union League Club Of Chicago Chicago, IL | $26,749,429 | $20,158,030 |
Missouri Athletic Club St Louis, MO | $22,640,194 | $18,091,674 |
Alpha Chi Omega Fraternity Inc Indianapolis, IN | $29,119,055 | $16,507,869 |
Butterfield Country Club Oak Brook, IL | $37,524,568 | $14,281,799 |
University Club Of Chicago Chicago, IL | $40,558,650 | $14,990,991 |
Bellerive Country Club Saint Louis, MO | $30,118,733 | $15,442,843 |
Alpha Chi Omega National Housing Corporation Indianapolis, IN | $68,106,791 | $16,027,721 |
National Association Of Intercollegiate Athletics Kansas City, MO | $12,204,653 | $13,287,204 |
Big Spring Country Club Inc Louisville, KY | $27,849,226 | $12,028,840 |
Westmoreland Country Club Wilmette, IL | $31,536,434 | $12,960,463 |
St Louis Country Club Saint Louis, MO | $23,333,122 | $12,315,220 |
Skokie Country Club Glencoe, IL | $25,480,990 | $12,823,319 |