Park Club
- Assets
- $524.6k
- Revenue
- $300.7k
- Investments
- $0.0
- Employees
- 63
- Location
- Kalamazoo, MI
- Founding
- 07/1934
- Data as of
- 12/2023
- EIN
- 38-0907880
Organization Overview
Park Club is located in Kalamazoo, MI. The organization was established in 1934. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Park Club employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Park Club generated $300.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $412.4k during the year ending 12/2023. While expenses have increased by 8.8% per year over the past 9 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
TO PROVIDE DINING AND SOCIAL ACTIVITIES TO THE PARK CLUB MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A FRIENDLY, SOCIAL ATMOSPHERE FOR MEMBERS TO ENJOY DINING AND OTHER SOCIAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerrie Barno General Mgr | Officer | 40 | $96,000 |
Laura Van Popering President | OfficerTrustee | 0.5 | $0 |
Jeff Breneman Vice Preside | OfficerTrustee | 0.5 | $0 |
Ryan Denooyer Secretary | OfficerTrustee | 0.25 | $0 |
Clark Smothers Treasurer | OfficerTrustee | 0.25 | $0 |
Sheila Bridenstine Director | Trustee | 0.25 | $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 | $15,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,325 |
| Total Program Service Revenue | $365,942 |
| 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 | -$157,526 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $300,690 |
| 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. | $96,000 |
| Compensation of current officers, directors, key employees. | $48,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $92,059 |
| Pension plan accruals and contributions | $7,896 |
| Other employee benefits | $13,952 |
| Payroll taxes | $21,456 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,945 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | -$2,119 |
| Advertising and promotion | $8,169 |
| Office expenses | $9,641 |
| Information technology | $17,085 |
| 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 | $7,583 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,989 |
| Insurance | $25,624 |
| All other expenses | $3,347 |
| Total functional expenses | $412,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,637 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $152,840 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,776 |
| Prepaid expenses and deferred charges | $40,676 |
| Net Land, buildings, and equipment | $300,702 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $524,631 |
| Accounts payable and accrued expenses | $113,080 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $237,103 |
| Total liabilities | $350,183 |
| Net assets without donor restrictions | $174,448 |
| 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 | $524,631 |