Wequetonsing Golf Club
- Assets
- $4.9m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 47
- Location
- Harbor Springs, MI
- Founding
- 08/1991
- Data as of
- 12/2022
- EIN
- 38-1159135
Organization Overview
Wequetonsing Golf Club is located in Harbor Springs, MI. The organization was established in 1991. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Wequetonsing Golf Club employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wequetonsing Golf 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, Wequetonsing Golf Club generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 5.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF SEASONAL GOLF CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A SEASONAL GOLF COURSE AND RELATED CLUBHOUSE FOR RECREATION AND PLEASURE OF CLUB MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margot Good Secretary | OfficerTrustee | 5 | $0 |
Timothy C Reynolds President | OfficerTrustee | 5 | $0 |
Lawrence D Buhl III Treasurer | OfficerTrustee | 5 | $0 |
P Gregory Renker Vice President | OfficerTrustee | 5 | $0 |
Fritz Souder Director | Trustee | 1 | $0 |
John Mccoy Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,032,550 |
| Investment income | $61 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,512 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,040,456 |
| 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 | $670,858 |
| Pension plan accruals and contributions | $11,448 |
| Other employee benefits | $36,025 |
| Payroll taxes | $79,878 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $69,236 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,670 |
| Information technology | $8,741 |
| Royalties | $0 |
| Occupancy | $116,762 |
| Travel | $3,291 |
| 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 | $175,381 |
| Insurance | $0 |
| All other expenses | $24,798 |
| Total functional expenses | $1,714,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,964 |
| Savings and temporary cash investments | $2,790 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,649 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,242 |
| Net Land, buildings, and equipment | $4,713,393 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,457 |
| Total assets | $4,901,495 |
| Accounts payable and accrued expenses | $145,511 |
| 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 | $0 |
| Total liabilities | $145,511 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $19,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $8,786,322 |
| Retained earnings, endowment, accumulated income, or other funds | -$4,049,338 |
| Total liabilities and net assets/fund balances | $4,901,495 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oconomowoc Golf Club Oconomowoc, WI | $3,718,585 | $2,780,073 |
Wisconsin State Golf Association Inc West Allis, WI | $3,484,583 | $2,661,468 |
Dyes Walk Members Inc Greenwood, IN | $4,450,294 | $2,760,008 |
Golf Association Of Michigan Farmington Hills, MI | $2,526,991 | $2,575,514 |
Golf Gives Back Evansville, IN | $691,572 | $2,198,288 |
Indiana Golf Foundation Inc Indianapolis, IN | $3,545,687 | $1,937,652 |
Wisconsin Section Of The Prfsnl Golfers Assoc Of Amer Inc West Allis, WI | $2,346,831 | $1,993,640 |
Wequetonsing Golf Club Harbor Springs, MI | $4,901,495 | $1,040,456 |
Northern Ohio Golf Association North Olmsted, OH | $926,651 | $1,316,583 |
Indiana Golf Association Inc Indianapolis, IN | $632,267 | $1,125,367 |
Valley View Golf Club Inc Banet Rd Floyds Knobs, IN | $1,506,032 | $958,422 |
Clio Golf Course Inc Clio, MI | $1,534,670 | $931,208 |