Gladstone Golf Club Inc
- Assets
- $1.1m
- Revenue
- $618.3k
- Investments
- $0.0
- Employees
- 34
- Location
- Gladstone, MI
- Founding
- 06/1952
- Data as of
- 12/2022
- EIN
- 38-1322594
Organization Overview
Gladstone Golf Club Inc is located in Gladstone, MI. The organization was established in 1952. 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, Gladstone Golf Club Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gladstone Golf Club Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Gladstone Golf Club Inc generated $618.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $548.5k during the year ending 12/2022. While expenses have increased by 7.6% per year over the past 4 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 COMMINUTY GOLF COURSE WITH RELATED ACTIVITES
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF COMMINUTY GOLF COURSE WITH RELATED ACTIVITES
OPERATION OF COMMINUTY GOLF COURSE WITH RELATED ACTIVITES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Bjork Board Member | Trustee | $0 | |
John Breitzmam Board Member | Trustee | $0 | |
Cully Calouette Board Member | Trustee | $0 | |
Harry Gillis Board Member | Trustee | $0 | |
Vickie Isaacson Board Member | Trustee | $0 | |
Wendy Bratonia Secretary Tr | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $180,905 |
| 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 | $180,905 |
| Total Program Service Revenue | $252,172 |
| Investment income | $234 |
| 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 | $185,027 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $618,338 |
| 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. | $118,190 |
| Compensation of current officers, directors, key employees. | $11,819 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,013 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $50,981 |
| 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 | $5,784 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,326 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $301 |
| Interest | $11,659 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,442 |
| Insurance | $16,310 |
| All other expenses | $29,475 |
| Total functional expenses | $548,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,252 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $900 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,250 |
| Prepaid expenses and deferred charges | $7,048 |
| Net Land, buildings, and equipment | $889,948 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,069,398 |
| Accounts payable and accrued expenses | $1,385 |
| 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 | $375,120 |
| Other liabilities | $29,277 |
| Total liabilities | $405,782 |
| Net assets without donor restrictions | $663,616 |
| 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 | $1,069,398 |