Janesville Country Club
- Assets
- $4.0m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 104
- Location
- Janesville, WI
- Founding
- 06/1953
- Data as of
- 12/2023
- EIN
- 39-0372770
Organization Overview
Janesville Country Club is located in Janesville, WI. The organization was established in 1953. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Janesville Country Club employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Janesville 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, Janesville Country Club generated $2.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 9 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
THE MISSION OF THE JANESVILLE COUNTRY CLUB IS TO ENHANCE THE LIVES OF ITS MEMBERS AS A SOCIAL AND GOLF CLUB. THE CLUB WILL PROVIDE A HIGH-QUALITY, WELL-MAINTAINED GOLF COURSE THAT MAKES MEMBERSHIP A WORTHWHILE PERSONAL INVESTMENT. THE CLUB WILL ALSO PROVIDE SOCIAL AND RECREATIONAL ENJOYMENT FOR INDIVIDUALS AND FAMILIES. JANESVILLE COUNTRY CLUB WILL BE A PLACE FOR PEOPLE TO CONDUCT BUSINESS AND TO ENTERTAIN CLIENTS AND CUSTOMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE: COURSE IS AVAILABLE TO FULL MEMBERS AND THEIR FAMILIES FOR APPROXIMATELY EIGHT MONTHS OF THE YEAR. STATISTICS AS TO THE ACTUAL NUMBER OF PLAYERS ARE NOT AVAILABLE.
SWIMMING & FITNESS CENTER: FACILITIES ARE AVAILABLE TO ALL MEMBERS IN (A) ABOVE.
RESTAURANT & BAR: FACILITIES ARE AVAILABLE TO ALL MEMBERS IN (A) & (B) ABOVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jayme Braatz General Manager | 40 | $150,420 | |
Jake Downing Treasurer | OfficerTrustee | 2 | $0 |
William Kennedy Past President | OfficerTrustee | 2 | $0 |
Tom Olson President | OfficerTrustee | 2 | $0 |
Curt Parish Director | Trustee | 2 | $0 |
David Hiller Director | Trustee | 2 | $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 | $25,403 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,403 |
| Total Program Service Revenue | $1,588,325 |
| Investment income | $10,729 |
| 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 | $705,046 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,552,275 |
| 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 | $1,175,895 |
| Pension plan accruals and contributions | $27,748 |
| Other employee benefits | $121,336 |
| Payroll taxes | $131,882 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,065 |
| 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 | $24,863 |
| Information technology | $43,061 |
| Royalties | $0 |
| Occupancy | $190,641 |
| Travel | $552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $179,492 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $223,278 |
| Insurance | $53,925 |
| All other expenses | $80,355 |
| Total functional expenses | $2,670,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,363 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,592 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $98,268 |
| Prepaid expenses and deferred charges | $102,140 |
| Net Land, buildings, and equipment | $3,587,392 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,960,755 |
| Accounts payable and accrued expenses | $427,980 |
| Grants payable | $0 |
| Deferred revenue | $825,508 |
| 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 | $2,723,355 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,000 |
| Total liabilities | $4,021,843 |
| Net assets without donor restrictions | -$61,088 |
| 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 | $3,960,755 |