Walnut Creek Country Club
- Assets
- $21.8m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 250
- Location
- South Lyon, MI
- Founding
- 02/1960
- Data as of
- 12/2023
- EIN
- 38-1471254
Organization Overview
Walnut Creek Country Club is located in South Lyon, MI. The organization was established in 1960. 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 12/2023, Walnut Creek Country Club employed 250 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walnut Creek 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 12/2023, Walnut Creek Country Club generated $7.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $6.6m during the year ending 12/2023. While expenses have increased by 1.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES AND ACTIVITIES FOR THE GENERAL MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE GOLF, FOOD AND BEVERAGE SERVICES, AND OTHER ACTIVITIES FOR THE GENERAL MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul J Whiting III Secretary | OfficerTrustee | 5 | $0 |
Charles D Chad Mentzer First Vice President | OfficerTrustee | 5 | $0 |
Brian Grandstaff Director | Trustee | 5 | $0 |
Bruce D Berry Director | Trustee | 5 | $0 |
Dan Welch Director | Trustee | 5 | $0 |
Mark D Sullivan President | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Scott Brotebeck Contractor | 12/30/23 | $1,110,204 |
Commerical Irrigation Irrigation Installation | 12/30/23 | $990,668 |
Frontier Golf Golf Course Contractor | 12/30/23 | $979,797 |
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 | $7,302,608 |
| Investment income | $45,560 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$105,889 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$377,156 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,451,886 |
| 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 | $2,328,856 |
| Pension plan accruals and contributions | $16,999 |
| Other employee benefits | $167,259 |
| Payroll taxes | $243,357 |
| 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 | $0 |
| Office expenses | $17,635 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $32,883 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,335 |
| Interest | $183,947 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,047,407 |
| Insurance | $165,504 |
| All other expenses | $1,221,822 |
| Total functional expenses | $6,640,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $707,732 |
| Savings and temporary cash investments | $316,579 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $998,691 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $338,575 |
| Prepaid expenses and deferred charges | $145,571 |
| Net Land, buildings, and equipment | $18,771,241 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $520,620 |
| Total assets | $21,799,009 |
| Accounts payable and accrued expenses | $375,719 |
| Grants payable | $0 |
| Deferred revenue | $502,652 |
| 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 | $4,778,229 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,656,600 |
| Net assets without donor restrictions | $16,142,409 |
| 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 | $21,799,009 |