Huron Mountain Club
- Assets
- $22.8m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 86
- Location
- Big Bay, MI
- Founding
- 07/1942
- Data as of
- 03/2023
- 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 03/2023, Huron Mountain Club employed 86 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 03/2023, Huron Mountain Club generated $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $4.0m during the year ending 03/2023. While expenses have increased by 4.5% 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
2023
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 |
|---|---|---|---|
Kathy Reimelt President (p | OfficerTrustee | 4 | $0 |
Thomas Washburne Jr Vice Preside | OfficerTrustee | 4 | $0 |
Laura Stackhouse Secretary | OfficerTrustee | 4 | $0 |
Elizabeth Hudson Treasurer | OfficerTrustee | 4 | $0 |
Elizabeth Brown Vice Pres. ( | OfficerTrustee | 1 | $0 |
Deborah Scully Director (pa | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mjo Contracting Inc Construction | 3/30/23 | $291,239 |
Green Timber Consulting Foresters Carbon Credit | 3/30/23 | $117,116 |
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 | $3,174,185 |
| Investment income | $297,455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $121,330 |
| Net Gain/Loss on Asset Sales | -$264,429 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $363,120 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,750,647 |
| 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. | $147,080 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,471,015 |
| Pension plan accruals and contributions | $77,415 |
| Other employee benefits | $165,595 |
| Payroll taxes | $195,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,676 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $67,271 |
| Fees for services: Other | $63,110 |
| Advertising and promotion | $0 |
| Office expenses | $111,120 |
| Information technology | $82,217 |
| Royalties | $0 |
| Occupancy | $713,964 |
| Travel | $41,505 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,508 |
| Interest | $1 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $387,218 |
| Insurance | $106,420 |
| All other expenses | $39,709 |
| Total functional expenses | $3,961,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $902,641 |
| Savings and temporary cash investments | $2,144,488 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,823 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $213,881 |
| Prepaid expenses and deferred charges | $13,464 |
| Net Land, buildings, and equipment | $7,850,434 |
| Investments—publicly traded securities | $11,556,862 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $96,683 |
| Total assets | $22,785,276 |
| Accounts payable and accrued expenses | $151,620 |
| Grants payable | $0 |
| Deferred revenue | $13,892 |
| 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 | $1,097,423 |
| Net assets without donor restrictions | $21,687,853 |
| 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 | $22,785,276 |