Dearborn Country Club
- Assets
- $9.1m
- Revenue
- $4.1m
- Investments
- $216.0k
- Employees
- 201
- Location
- Dearborn, MI
- Founding
- 10/1943
- Data as of
- 12/2022
- 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 12/2022, Dearborn Country Club employed 201 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 12/2022, Dearborn Country Club generated $4.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $3.8m during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 8 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
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 |
|---|---|---|---|
Charlie Lefler President | OfficerTrustee | 1 | $0 |
Kevin Bingham Vice President | OfficerTrustee | 1 | $0 |
Tim Goslin Secretary | OfficerTrustee | 1 | $0 |
Aaron Sikora Treasurer (to 12/2022) | OfficerTrustee | 1 | $0 |
Edward Abernethy Governor | Trustee | 1 | $0 |
Jeff Makelim Governor | 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 | $3,106,870 |
| Investment income | $629 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,579 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $990,920 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,095,840 |
| 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. | $112,453 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,646,928 |
| Pension plan accruals and contributions | $3,003 |
| Other employee benefits | $321,852 |
| Payroll taxes | $263,177 |
| 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 | $25,618 |
| Office expenses | $74,941 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $481,965 |
| Travel | $12,783 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,373 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $153,192 |
| Insurance | $96,827 |
| All other expenses | $48,559 |
| Total functional expenses | $3,811,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,209,217 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $262,240 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $305,996 |
| Prepaid expenses and deferred charges | $97,191 |
| Net Land, buildings, and equipment | $6,898,646 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $216,019 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $142,488 |
| Total assets | $9,131,797 |
| Accounts payable and accrued expenses | $577,014 |
| Grants payable | $0 |
| Deferred revenue | $27,197 |
| 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 | $76,094 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,417,694 |
| Total liabilities | $2,097,999 |
| Net assets without donor restrictions | $7,033,798 |
| 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 | $9,131,797 |