Klinger Lake Country Club
- Assets
- $1.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 25
- Location
- Sturgis, MI
- Founding
- 05/1980
- Data as of
- 12/2021
- EIN
- 38-0722245
Organization Overview
Klinger Lake Country Club is located in Sturgis, MI. The organization was established in 1980. 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 12/2021, Klinger Lake Country Club employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Klinger Lake 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, Klinger Lake Country Club generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $938.1k during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 6 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
OPERATION OF A PRIVATE MEMBERSHIP COUNTRY CLUB INCLUDING OPERATION OF A GOLF COURSE SWIMMING POOL AND A CLUBHOUSE
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PRIVATE MEMBERSIP COUNTRY CLUB INCLUDING OPERATION OF A GOLF COURSE PRO SHOP SWIMMING POOL AND A CLUBHOUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Wilson President | OfficerTrustee | 30 | $10,000 |
Terry Lee Vice President | OfficerTrustee | 2 | $0 |
Eric Jozwiak Secretary Treasurer | OfficerTrustee | 8 | $0 |
Bill Lavidge Director | Trustee | 2 | $0 |
James Moriarity Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $545,458 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $329,100 |
| 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 | $874,558 |
| Total Program Service Revenue | $159,692 |
| Investment income | $0 |
| 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 | $71,539 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,105,789 |
| 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. | $10,000 |
| Compensation of current officers, directors, key employees. | $10,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $268,257 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,000 |
| Payroll taxes | $54,784 |
| 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 | $0 |
| Advertising and promotion | $233 |
| Office expenses | $16,933 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,464 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,767 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,335 |
| Insurance | $35,289 |
| All other expenses | $82,703 |
| Total functional expenses | $938,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,433 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $194,370 |
| Accounts receivable, net | -$2,228 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,000 |
| Prepaid expenses and deferred charges | $21,941 |
| Net Land, buildings, and equipment | $1,008,850 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,255,366 |
| Accounts payable and accrued expenses | $12,731 |
| Grants payable | $0 |
| Deferred revenue | $6,010 |
| 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 | $572,693 |
| Unsecured mortgages and notes payable | $500,000 |
| Other liabilities | $0 |
| Total liabilities | $1,091,434 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,373,450 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$1,209,518 |
| Total liabilities and net assets/fund balances | $1,255,366 |
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|---|---|---|
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Crystal Downs Country Club Frankfort, MI | $8,303,641 | $4,768,390 |
Gull Lake Country Club Richland, MI | $8,026,024 | $4,057,493 |
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