Nakoma Golf Club
- Assets
- $7.8m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 180
- Location
- Madison, WI
- Founding
- 09/1983
- Data as of
- 12/2021
- EIN
- 39-0756838
Organization Overview
Nakoma Golf Club is located in Madison, WI. The organization was established in 1983. 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 12/2021, Nakoma Golf Club employed 180 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nakoma Golf Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Nakoma Golf Club generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $2.9m during the year ending 12/2021. 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
NAKOMA IS A PRIVATE GOLF CLUB PROVIDING 18 HOLES OF GOLF, TENNIS, AND SWIM FACILITIES ALONG WITH MEMBER DINING AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING DINING, GOLF, POOL, AND TENNIS FACILITIES FOR THE CLUB'S MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Peck Head Golf Professional | 50 | $499,718 | |
Steve Klaas Head Tennis Professional | 50 | $104,446 | |
Peggy Angevine Vice President | OfficerTrustee | 1 | $0 |
Steve Johannsen President | OfficerTrustee | 1 | $0 |
Ed Murphy Treasurer | OfficerTrustee | 1 | $0 |
Justin Lessner Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $575,418 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,346,386 |
| Noncash contributions included in lines 1a–1f | $242,284 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,921,804 |
| Total Program Service Revenue | $4,895,260 |
| Investment income | $289 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,461 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,486 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,817,378 |
| 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. | $499,718 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $233,060 |
| Pension plan accruals and contributions | $15,535 |
| Other employee benefits | $74,844 |
| Payroll taxes | $52,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,077 |
| Fees for services: Accounting | $93,892 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,325 |
| Advertising and promotion | $5,033 |
| Office expenses | $110,455 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $321,799 |
| Travel | $1,926 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $728 |
| Interest | $581 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $437,575 |
| Insurance | $17,757 |
| All other expenses | $65,671 |
| Total functional expenses | $2,905,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,187,790 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $951,476 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $60,853 |
| Prepaid expenses and deferred charges | $55,775 |
| Net Land, buildings, and equipment | $5,589,390 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,845,284 |
| Accounts payable and accrued expenses | $352,497 |
| Grants payable | $0 |
| Deferred revenue | $763,079 |
| 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 | $733,576 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $976,567 |
| Total liabilities | $2,825,719 |
| Net assets without donor restrictions | $5,019,565 |
| 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 | $7,845,284 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nakoma Golf Club has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Madison Gas & Electric Foundation Inc Madison, WI PURPOSE: MADISON ALL-CITY CHAMPIONSHIP SWIM MEET | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union League Club Of Chicago Chicago, IL | $26,749,429 | $20,158,030 |
Butterfield Country Club Oak Brook, IL | $37,524,568 | $14,281,799 |
University Club Of Chicago Chicago, IL | $40,558,650 | $14,990,991 |
Westmoreland Country Club Wilmette, IL | $31,536,434 | $12,960,463 |
Skokie Country Club Glencoe, IL | $25,480,990 | $12,823,319 |
Franklin Hills Country Club Franklin, MI | $14,923,818 | $10,135,789 |
Northmoor Country Club Highland Park, IL | $11,897,440 | $11,149,941 |
Lake Shore Country Club Glencoe, IL | $23,861,178 | $9,263,473 |
Sunset Ridge Country Club Northfield, IL | $17,255,295 | $10,252,845 |
Womans Athletic Club Of Chicago Chicago, IL | $20,940,207 | $10,056,294 |
Country Club Of Detroit Grosse Pointe Farms, MI | $27,254,127 | $11,579,679 |
Saddle And Cycle Club Chicago, IL | $18,719,065 | $9,773,306 |