Macomb Country Club
- Assets
- $1.6m
- Revenue
- $999.7k
- Investments
- $0.0
- Employees
- 54
- Location
- Macomb, IL
- Founding
- 08/1945
- Data as of
- 12/2022
- EIN
- 37-0395465
Organization Overview
Macomb Country Club is located in Macomb, IL. The organization was established in 1945. 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 12/2022, Macomb Country Club employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Macomb 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 12/2022, Macomb Country Club generated $999.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. 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 PROMOTE THE PLEASURE AND IMPROVE THE HEALTH OF ITS MEMBERS BYPROVIDING MEANS OF RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE YOUTH GOLF TO ITS YOUNGER MEMBERS AND TO THE YOUNGER MEMBERS OF THE COMMUNITY THAT ARE NOT MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Sutton Administrator | 40 | $69,856 | |
Breann Pumo Treasurer | Officer | 5 | $0 |
Jessica Butcher Secretary | Officer | 5 | $0 |
Steven Hopper President | Officer | 15 | $0 |
Seth Minter Vice Pres | Officer | 15 | $0 |
Dennis Iverson Finance Chair | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $558,893 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,864 |
| 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 | $577,757 |
| Total Program Service Revenue | $0 |
| Investment income | $72 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,005 |
| 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 | $238,782 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $999,665 |
| 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 | $489,704 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $56,821 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $360 |
| Fees for services: Accounting | $4,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,177 |
| Office expenses | $7,739 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,912 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $634 |
| Interest | $11,539 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,278 |
| Insurance | $36,340 |
| All other expenses | $28,551 |
| Total functional expenses | $1,040,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,610 |
| Savings and temporary cash investments | $187,954 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $87,524 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,002 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,297,399 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,633,489 |
| Accounts payable and accrued expenses | $22,069 |
| Grants payable | $0 |
| Deferred revenue | $3,500 |
| 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 | $228,121 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $253,690 |
| 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 | $109,925 |
| Retained earnings, endowment, accumulated income, or other funds | $1,269,874 |
| Total liabilities and net assets/fund balances | $1,633,489 |