Eshquaguma Country Club Inc
- Assets
- $896.1k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 27
- Location
- Gilbert, MN
- Founding
- 08/1973
- Data as of
- 12/2022
- EIN
- 41-0242023
Organization Overview
Eshquaguma Country Club Inc is located in Gilbert, MN. The organization was established in 1973. 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 12/2022, Eshquaguma Country Club Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eshquaguma Country Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Eshquaguma Country Club Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $620.4k during the year ending 12/2022. While expenses have increased by 10.1% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SOCIABILITY AMONGST MEMBERS AND TO PROVIDE THE CONVENIENCE OF A CLUBHOUSE, GOLF COURSE, TENNIS COURTS, BOAT LANDING, BEACH, PLAYGROUND AND CLUB GROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONGOING EXPENSE OF IMPROVING AND MAINTAINING THE GOLF COURSE, CLUBHOUSE, TENNIS COURTS AND CLUB GROUNDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Virant President | OfficerTrustee | 3 | $0 |
Scott Strudwick Vice President | OfficerTrustee | 3 | $0 |
Michael Kern Secretary | OfficerTrustee | 3 | $0 |
Matthew Uhan Treasurer | OfficerTrustee | 3 | $0 |
Tom Lisenby Director | Trustee | 3 | $0 |
Brian Maki Director | Trustee | 3 | $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 | $379,746 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $379,746 |
| Total Program Service Revenue | $337,709 |
| Investment income | $510 |
| 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 | $42,268 |
| Net Income from Sales of Inventory | $357,422 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,117,655 |
| 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 | $237,599 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $38,784 |
| Fees for services: Management | $135,320 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $520 |
| Office expenses | $2,133 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,382 |
| Travel | $7,276 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,430 |
| Insurance | $23,408 |
| All other expenses | $29,085 |
| Total functional expenses | $620,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,880 |
| Savings and temporary cash investments | $360,207 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,983 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,500 |
| Prepaid expenses and deferred charges | $10,943 |
| Net Land, buildings, and equipment | $411,555 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $896,068 |
| Accounts payable and accrued expenses | $3,961 |
| 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 | $3,030 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,074 |
| Total liabilities | $15,065 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $50,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $831,003 |
| Total liabilities and net assets/fund balances | $896,068 |