The information for Wausaukee Club is as of the organization's most recent filing in October 2020. This organization is located in Athelstane, WI. It has been in existence for 75 years, following its founding in 1945.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Wausaukee Club's NTEE code is N50. The "N" tells us that the organization is classified along with Recreational Clubs. The "50" tells us that the organization is a Recreation & Sports organization. The NTEE describes Recreation & Sports organizations as those that make available to members and their guests facilities for recreational activities, sports and games, as well as social clubs that provide opportunities for people to meet and socialize with their peers. These organizations are typically 501(c)(7) organizations and are governed by the Internal Revenue Code's Section 7 which describes Social and Recreational Clubs.
Wausaukee Club is run by Laura Peters, who is the President. The organization has 38 employees, none of whom are paid more than $100k per year (according to the organization's most recent 990 tax filing). There are no volunteers supporting the paid staff.
The Wausaukee Club is governed by a board of seven voting members. Unfortunately, the organization does not have any independent members and does not have any policies in place to address potential conflicts of interest, document retention, or whistleblower protection. Furthermore, the organization does not require disclosure of conflicts, substantiate and review leadership or officer salaries, or provide copies of the 990 to the board prior to filing. While the board meetings are documented, there is no documentation of committee meetings. Overall, the governance of the Wausaukee Club is lacking in certain areas and could benefit from the implementation of additional policies and procedures.
The Wausaukee Club has experienced a mixed record of growth over the past five years. While Program Service Revenue and Investment Income increased, Other Revenue and Employee Salaries decreased. Total Revenue and Total Expenses also decreased over this time period. However, the organization did experience growth in the number of employees, increasing from 32 in 2014 to 38 in 2019.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Erin Hines Vice President | Officer | 1 | $0 |
Jennifer Allen Secretary | Officer | 1 | $0 |
Tim Nelson Treasurer | Officer | 1 | $0 |
Stephen Cummings Jr President | Officer | 1 | $0 |
Bradford Woloson Director | Trustee | 1 | $0 |
Emily Reynolds Director | Trustee | 1 | $0 |
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 | $1,143,469 |
Investment income | $281 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $13,250 |
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 | $88,778 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,252,410 |
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 | $433,904 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $60,662 |
Payroll taxes | $65,679 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,432 |
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 | $2,766 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $130,323 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,600 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $96,383 |
Insurance | $47,275 |
All other expenses | $161,976 |
Total functional expenses | $1,222,332 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $472,975 |
Savings and temporary cash investments | $12,319 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $38,813 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $1,641,076 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1 |
Total assets | $2,165,184 |
Accounts payable and accrued expenses | $8,993 |
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 | $0 |
Other liabilities | $3,500 |
Total liabilities | $12,493 |
Net assets without donor restrictions | $0 |
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 | $2,152,691 |
Total liabilities and net assets/fund balances | $2,165,184 |
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