Edgewood Country Club
- Assets
- $6.9m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 171
- Location
- Commerce Township, MI
- Founding
- 04/1988
- Data as of
- 09/2021
- EIN
- 38-1907097
Organization Overview
Edgewood Country Club is located in Commerce Township, MI. The organization was established in 1988. 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 09/2021, Edgewood Country Club employed 171 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edgewood 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 09/2021, Edgewood Country Club generated $5.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $4.4m during the year ending 09/2021. While expenses have increased by 3.4% per year over the past 6 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
TO PROMOTE SOCIAL AND RECREATIONAL INTERACTION BETWEEN THE CLUB'S MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB HAS MAINTAINED A CLUBHOUSE AND GROUNDS FOR THE BENEFIT OF AND TO PROMOTE SOCIAL INTERACTION AMONG THE MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Bach General Manager | 40 | $131,419 | |
Jamil Barqawi Executive Chef | 40 | $108,152 | |
Charles Gotberg President | Officer | 1 | $0 |
Charles Draper Vice President | Officer | 1 | $0 |
Richard Zoulek Treasurer | Officer | 1 | $0 |
Don Gregory Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,660,971 |
| 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 | $2,660,971 |
| Total Program Service Revenue | $902,385 |
| Investment income | $16,178 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,472 |
| Net Income from Fundraising Events | $15,220 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,051,382 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,996,554 |
| 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 | $1,914,992 |
| Pension plan accruals and contributions | $12,752 |
| Other employee benefits | $109,960 |
| Payroll taxes | $289,290 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $35,981 |
| 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 | $106,570 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $333,396 |
| Insurance | $65,948 |
| All other expenses | $487,318 |
| Total functional expenses | $4,432,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $289,074 |
| Savings and temporary cash investments | $106,213 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $781,990 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $128,479 |
| Prepaid expenses and deferred charges | $62,818 |
| Net Land, buildings, and equipment | $5,511,450 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,270 |
| Other assets | $0 |
| Total assets | $6,887,294 |
| Accounts payable and accrued expenses | $401,561 |
| Grants payable | $0 |
| Deferred revenue | $332,331 |
| 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 | $1,944,634 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,678,526 |
| Net assets without donor restrictions | $4,208,768 |
| 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 | $6,887,294 |
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