Salem Country Club
- Assets
- $513.4k
- Revenue
- $513.1k
- Investments
- $0.0
- Employees
- 23
- Location
- Salem, IL
- Founding
- 08/1951
- Data as of
- 10/2022
- EIN
- 37-0498695
Organization Overview
Salem Country Club is located in Salem, IL. The organization was established in 1951. 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 10/2022, Salem Country Club employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salem 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 10/2022, Salem Country Club generated $513.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $507.5k during the year ending 10/2022. While expenses have increased by 0.9% 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
SALEM COUNTRY CLUB ALLOWS ITS MEMBERS THE OPPORTUNITY TO ENGAGE IN SOCIAL AND RECREATIONAL ACTIVITIES SUCH AS GOLF, SWIMMING AND FISHING, ALONG WITH A SOCIAL LOUNGE AND SNACK BAR FOR ADDITIONAL ENTERTAINMENT & GET TOGETHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE/COUNTRY CLUB
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Tolliver President | OfficerTrustee | 10 | $0 |
Jason Harris Secretary | OfficerTrustee | 5 | $0 |
James Blair Treasurer | OfficerTrustee | 5 | $0 |
Shea Burton V.P. | Trustee | 3 | $0 |
Randy Brubaker V.P. | Trustee | 3 | $0 |
Don Bryant V.P. | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $204,975 |
| 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 | $204,975 |
| Total Program Service Revenue | $202,466 |
| Investment income | $774 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $35,527 |
| Net Income from Sales of Inventory | $69,363 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $513,105 |
| 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 | $164,590 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,845 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,176 |
| Office expenses | $31,409 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,404 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,578 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,688 |
| Insurance | $24,100 |
| All other expenses | $0 |
| Total functional expenses | $507,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,555 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,732 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,539 |
| Prepaid expenses and deferred charges | $5,036 |
| Net Land, buildings, and equipment | $360,558 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $513,420 |
| Accounts payable and accrued expenses | $12,492 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $36,752 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $145,000 |
| Total liabilities | $194,244 |
| 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 | $319,176 |
| Total liabilities and net assets/fund balances | $513,420 |
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