Kent Country Club
- Assets
- $7.2m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 257
- Location
- Grand Rapids, MI
- Founding
- 10/1942
- Data as of
- 12/2021
- EIN
- 38-0713560
Organization Overview
Kent Country Club is located in Grand Rapids, MI. The organization was established in 1942. 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, Kent Country Club employed 257 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kent 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, Kent Country Club generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $5.3m during the year ending 12/2021. While expenses have increased by 11.3% 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
NOT-FOR-PROFIT SOCIAL CLUB PROVIDING GOLF ACTIVITIES AND RELATED SERVICES TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE & FACILITIES PROVIDED FOR GOLF MEMBERS & GUESTS
CLUBHOUSE FOOD & BAR SALES AVAILABLE TO MEMBERS & GUESTS
ATHLETIC & LOCKER FACILITIES AVAILABLE TO MEMBERS & GUEST
GROUNDS IMPROVEMENTS & MAINTENANCE FOR THE BENEFIT OF MEMBERS & GUESTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Swan Pga Director Of Golf | 40 | $141,916 | |
Keith Paterson Superintendent | 40 | $138,793 | |
Ward Sutton General Manager | Officer | 40 | $90,655 |
Larry Marx Former General Manager | Officer | 40 | $73,693 |
Joe Levan Secretary | OfficerTrustee | 0 | $0 |
Gary Milligan Treasurer | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $374,157 |
| 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 | $374,157 |
| Total Program Service Revenue | $4,115,979 |
| Investment income | $7,049 |
| 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 | $1,121,982 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,714,861 |
| 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. | $445,057 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,898,001 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $128,422 |
| Payroll taxes | $257,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $240,850 |
| Advertising and promotion | $124,472 |
| Office expenses | $0 |
| Information technology | $51,340 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $398,162 |
| Insurance | $60,921 |
| All other expenses | $467,967 |
| Total functional expenses | $5,257,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,676 |
| Savings and temporary cash investments | $1,114,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $691,274 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $173,026 |
| Prepaid expenses and deferred charges | $73,749 |
| Net Land, buildings, and equipment | $5,122,191 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,185,916 |
| Accounts payable and accrued expenses | $191,189 |
| Grants payable | $0 |
| Deferred revenue | $575,950 |
| 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 | $11,512 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $778,651 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,059,500 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $4,347,765 |
| Total liabilities and net assets/fund balances | $7,185,916 |
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