Dearborn Country Club
- Assets
- $8.4m
- Revenue
- $4.0m
- Investments
- $324.6k
- Employees
- 171
- Location
- Dearborn, MI
- Founding
- 10/1943
- Data as of
- 12/2021
- EIN
- 38-0468580
Organization Overview
Dearborn Country Club is located in Dearborn, MI. The organization was established in 1943. 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 12/2021, Dearborn Country Club employed 171 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dearborn 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, Dearborn Country Club generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 4.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE FOR THE BENEFIT OF MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PLEASURE, RECREATION, AND SOCIAL OPPORTUNITIES TO MEMBERS OF THE DEARBORN COUNTRY CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Bageris General Manager | Officer | 55 | $151,158 |
Tim Goslin Secretary | OfficerTrustee | 1 | $0 |
Kevin Bingham Vice President | OfficerTrustee | 1 | $0 |
Aaron Sikora Treasurer | OfficerTrustee | 1 | $0 |
Charlie Lefler President | OfficerTrustee | 1 | $0 |
Edward Abernethy Governor | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $152,195 |
| 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 | $152,195 |
| Total Program Service Revenue | $2,911,479 |
| Investment income | $1,500 |
| 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 | $0 |
| Net Income from Sales of Inventory | $903,245 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,968,419 |
| 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. | $151,158 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,476,528 |
| Pension plan accruals and contributions | $4,003 |
| Other employee benefits | $276,618 |
| Payroll taxes | $249,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,473 |
| Office expenses | $51,260 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $246,905 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,892 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $156,280 |
| Insurance | $84,763 |
| All other expenses | $118,648 |
| Total functional expenses | $3,545,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $982,860 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $198,425 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $254,178 |
| Prepaid expenses and deferred charges | $97,697 |
| Net Land, buildings, and equipment | $6,567,687 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $324,596 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,425,443 |
| Accounts payable and accrued expenses | $489,833 |
| Grants payable | $0 |
| Deferred revenue | $37,955 |
| 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 | $119,987 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,489,168 |
| Total liabilities | $2,136,943 |
| Net assets without donor restrictions | $6,288,500 |
| 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 | $8,425,443 |
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