Petoskey-Bay View Country Club
- Assets
- $3.7m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 70
- Location
- Petoskey, MI
- Founding
- 08/1979
- Data as of
- 12/2022
- EIN
- 38-0924469
Organization Overview
Petoskey-Bay View Country Club is located in Petoskey, MI. The organization was established in 1979. 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 12/2022, Petoskey-Bay View Country Club employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Petoskey-Bay View 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 12/2022, Petoskey-Bay View Country Club generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 6.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEMBERS WITH GOLF AND SOCIAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MEMBERS WITH GOLF AND SOCIAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Ziegel Secretary-Treasurer (2021-2022) | Trustee | 1 | $0 |
Shelley Ellefson Membership Chairwoman (2021-2022) | Trustee | 1 | $0 |
Roger Tallman Board Member (2021-2022) | Trustee | 1 | $0 |
Larry Dewitt President (2021-2022) | Trustee | 1 | $0 |
Jayne Vanopynen Vice President (2021-2022) | Trustee | 1 | $0 |
Tom Oelke Grounds Chrman (2021-2022) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,192,467 |
| 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 | $1,192,467 |
| Total Program Service Revenue | $255,625 |
| Investment income | $276 |
| 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 | $337,503 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,795,505 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $920,604 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $88,191 |
| Payroll taxes | $121,681 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,476 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,310 |
| Office expenses | $9,691 |
| Information technology | $20,811 |
| Royalties | $0 |
| Occupancy | $111,819 |
| Travel | $376 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,308 |
| Interest | $42 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $240,697 |
| Insurance | $45,381 |
| All other expenses | $0 |
| Total functional expenses | $2,011,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,698 |
| Savings and temporary cash investments | $181,350 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $997,744 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $66,082 |
| Prepaid expenses and deferred charges | $16,385 |
| Net Land, buildings, and equipment | $2,358,574 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,682,833 |
| Accounts payable and accrued expenses | $88,146 |
| Grants payable | $0 |
| Deferred revenue | $1,097,049 |
| 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 | $176,988 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,362,183 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $39,800 |
| Paid-in or capital surplus, or land, building, or equipment fund | $4,888,562 |
| Retained earnings, endowment, accumulated income, or other funds | -$2,607,712 |
| Total liabilities and net assets/fund balances | $3,682,833 |