The information for Lake Geneva Country Club is as of the organization's most recent filing in December '22. This organization is located in Fontana, WI. It has been in existence for 18 years, following its founding in 2004.
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 Lake Geneva Country Club's NTEE code is N50. The "N" tells us that the organization is classified under Recreation & Sports. The "50" tells us that the organization is a Recreational Club. The NTEE describes Recreational Clubs as organizations that provide facilities for recreational activities, sports, and games, as well as social opportunities for members to meet and socialize with their peers. These clubs may also include special interest clubs where individuals can share hobbies or other interests. Additionally, the Lake Geneva Country Club is classified under Section Code 7, which is for Social and Recreational Clubs.
Program Area 1: The golf course program area within the organization provides access to the course for members and their families for approximately six months of the year. Additionally, golf lessons are offered to members and their families.
Program Area 2: Tennis, paddle tennis, swimming, and boat slip rental are available to members, similar to the offerings mentioned in (A) above.
Program Area 3: Within the restaurant and bar program, the organization provides services that are available to members in Program Areas (A) and (B) above.
Program Area 4: Miscellaneous social functions for members are available within the organization to members in Program Areas (A), (B), and (C) above.
Lake Geneva Country Club is run by Jeffrey P Noll, who serves as the President. The organization has 118 employees, none of whom are paid over $100k per year. Additionally, there are 12 volunteers who support the staff at Lake Geneva Country Club.
Based on the provided information, the governance of Lake Geneva Country Club, a non-profit organization, appears to be relatively well-managed. The organization has 12 voting members, all of whom are independent, indicating a diverse and unbiased decision-making process. The absence of potential conflicts of interest further enhances the credibility and integrity of the organization's governance. The fact that the organization has not delegated management to an outside firm suggests that it maintains control over its operations and decision-making processes. This allows for greater transparency and accountability within the organization. Additionally, the documentation of board meetings ensures that important discussions and decisions are recorded, providing a clear record of the organization's governance activities. However, there are areas where the governance of Lake Geneva Country Club could be improved. The lack of documentation for committee meetings raises concerns about the transparency and accountability of these smaller groups within the organization. Furthermore, the absence of a conflict of interest policy and requirements for disclosure of conflicts may leave room for potential ethical dilemmas or conflicts to arise. Additionally, the organization's lack of a written whistleblower policy and document retention policy may hinder its ability to address and prevent misconduct or ensure proper record-keeping. However, it is positive to note that the organization substantiates and reviews leadership salaries, indicating a commitment to fair compensation practices. Overall, while Lake Geneva Country Club demonstrates some good governance practices, there are areas for improvement to ensure greater transparency, accountability, and ethical standards within the organization.
The Lake Geneva Country Club has experienced growth over the given time period. Program Service Revenue increased from $2.0M in 2014 to $3.5M in 2022, indicating an increase in the organization's main source of revenue. Other Revenue also increased from $532.2K in 2014 to $618.8K in 2022, further contributing to the overall growth in revenue. Total Revenue increased from $2.6M in 2014 to $4.2M in 2022, reflecting the organization's overall financial growth. Additionally, Employee Salaries increased from $918.3K in 2014 to $1.6M in 2022, indicating an expansion in the organization's workforce. However, it is worth noting that the number of Total Volunteers decreased from 14 in 2014 to 12 in 2022, which may require further investigation to understand the reasons behind this decrease. Overall, the Lake Geneva Country Club has shown growth in various aspects over the given time period.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Hagen Harker Vice-President | OfficerTrustee | 1 | $0 |
Jeffrey P Noll President | OfficerTrustee | 1 | $0 |
Robert W Klockars Secretary | OfficerTrustee | 1 | $0 |
William J Hagenah Treasurer | OfficerTrustee | 1 | $0 |
Bradley Fideler Governor | Trustee | 1 | $0 |
Beth Boehland Governor | 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 | $3,549,526 |
Investment income | $96 |
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 | $537,764 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,168,458 |
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 | $1,360,358 |
Pension plan accruals and contributions | $54,597 |
Other employee benefits | $91,418 |
Payroll taxes | $155,761 |
Fees for services: Management | $0 |
Fees for services: Legal | $9,521 |
Fees for services: Accounting | $9,437 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $26,491 |
Advertising and promotion | $0 |
Office expenses | $23,799 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $133,356 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $415,614 |
Insurance | $105,000 |
All other expenses | $290,629 |
Total functional expenses | $3,599,296 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $625,846 |
Savings and temporary cash investments | $50,372 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $970,866 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $48,066 |
Prepaid expenses and deferred charges | $1,228 |
Net Land, buildings, and equipment | $5,155,851 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $6,852,229 |
Accounts payable and accrued expenses | $65,499 |
Grants payable | $0 |
Deferred revenue | $740,913 |
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 | $0 |
Total liabilities | $806,412 |
Net assets without donor restrictions | $6,045,817 |
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 | $6,852,229 |
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Chicago Club Chicago, IL | $23,297,083 | $6,965,290 |
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