Huron Mountain Club
- Assets
- $23.7m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 78
- Location
- Big Bay, MI
- Founding
- 07/1942
- Data as of
- 03/2022
- EIN
- 38-0672640
Organization Overview
Huron Mountain Club is located in Big Bay, MI. The organization was established in 1942. 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 03/2022, Huron Mountain Club employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huron Mountain Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2022, Huron Mountain Club generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $3.4m during the year ending 03/2022. While expenses have increased by 3.1% 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
SOCIAL AND RECREATIONAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED THE PRESERVATION, PROTECTION AND MAINTENANCE OF PROPERTY OWNED BY THE CLUB AS WELL AS MEMBERS' PERSONAL PROPERTY LOCATED WITHIN THE CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel T Desmet General Mana | Officer | 40 | $121,580 |
Thomas Washburne Jr Vice Preside | OfficerTrustee | 4 | $0 |
Kathy Reimelt President | OfficerTrustee | 4 | $0 |
Laura Stackhouse Secretary | OfficerTrustee | 4 | $0 |
Elizabeth Hudson Treasurer | OfficerTrustee | 4 | $0 |
Sam Rinaker Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northern Trust Securities Invest. Mgmt | 3/30/22 | $108,781 |
Smith Constructions Inc Construction | 3/30/22 | $100,444 |
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 | $3,113,589 |
| Investment income | $248,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $120,439 |
| Net Gain/Loss on Asset Sales | $5,324 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $435,815 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,924,840 |
| 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. | $128,531 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,401,385 |
| Pension plan accruals and contributions | $78,992 |
| Other employee benefits | $166,232 |
| Payroll taxes | $182,898 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,612 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,952 |
| Fees for services: Other | $43,290 |
| Advertising and promotion | $0 |
| Office expenses | $93,231 |
| Information technology | $66,687 |
| Royalties | $0 |
| Occupancy | $602,795 |
| Travel | $26,408 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,332 |
| Interest | $137 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $349,732 |
| Insurance | $98,287 |
| All other expenses | $15,462 |
| Total functional expenses | $3,440,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $735,853 |
| Savings and temporary cash investments | $2,309,454 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,874 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $193,410 |
| Prepaid expenses and deferred charges | $9,207 |
| Net Land, buildings, and equipment | $7,692,049 |
| Investments—publicly traded securities | $12,725,452 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,600 |
| Total assets | $23,676,899 |
| Accounts payable and accrued expenses | $91,119 |
| Grants payable | $0 |
| Deferred revenue | $24,082 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $931,911 |
| Total liabilities | $1,047,112 |
| Net assets without donor restrictions | $22,629,787 |
| 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 | $23,676,899 |
Endowment Analysis
| Beg. Balance | $12,055,074 |
| Earnings | $423,640 |
| Admin Expense | $3,534 |
| Other Expense | $100,000 |
| Ending Balance | $12,375,180 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Academy Of Model Aeronautics Ama Muncie, IN | $14,826,959 | $9,207,922 |
Lakewood Country Club Company Westlake, OH | $13,232,237 | $7,948,852 |
Wisconsin Club Inc Milwaukee, WI | $13,631,132 | $7,676,658 |
Milwaukee Country Club River Hills, WI | $13,393,861 | $8,032,632 |
North Shore Country Club Mequon, WI | $12,385,301 | $7,356,496 |
Travis Pointe Country Club Ann Arbor, MI | $3,693,496 | $5,450,943 |
Portage Country Club Akron, OH | $15,375,950 | $5,578,447 |
Tau Kappa Epsilon Fraternity Inc Indianapolis, IN | $5,851,438 | $5,058,540 |
Green Bay Country Club Inc Green Bay, WI | $11,578,714 | $7,130,925 |
Crystal Downs Country Club Frankfort, MI | $8,303,641 | $4,768,390 |
Gull Lake Country Club Richland, MI | $8,026,024 | $4,057,493 |
Golf Club Co New Albany, OH | $14,299,768 | $5,076,648 |