Gladstone Golf Club Inc
- Assets
- $1.1m
- Revenue
- $516.7k
- Investments
- $0.0
- Employees
- 35
- Location
- Gladstone, MI
- Founding
- 06/1952
- Data as of
- 12/2021
- 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 12/2021, Gladstone Golf Club Inc employed 35 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 12/2021, Gladstone Golf Club Inc generated $516.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $632.6k during the year ending 12/2021. While expenses have increased by 5.8% 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
2021
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 |
|---|---|---|---|
Wendy Bratonia Secretary Tr | Officer | $0 | |
Bob Davison Vice Preside | Officer | $0 | |
Kim Clouse President | Officer | $0 | |
Randy Bjork Board Member | Trustee | $0 | |
John Breitzmam Board Member | Trustee | $0 | |
Harry Gillis Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $154,336 |
| 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 | $154,336 |
| Total Program Service Revenue | $215,866 |
| Investment income | $120 |
| 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 | $145,887 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $516,688 |
| 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. | $7,500 |
| Compensation of current officers, directors, key employees. | $750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $224,333 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $36,937 |
| 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 | $6,943 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $11,062 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $211,309 |
| Insurance | $12,475 |
| All other expenses | $31,375 |
| Total functional expenses | $632,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,134 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $370 |
| 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 | $20,226 |
| Prepaid expenses and deferred charges | $5,174 |
| Net Land, buildings, and equipment | $897,019 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,055,923 |
| Accounts payable and accrued expenses | $12,030 |
| 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 | $404,940 |
| Other liabilities | $18,574 |
| Total liabilities | $435,544 |
| Net assets without donor restrictions | $620,379 |
| 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 | $1,055,923 |
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 |