Le Sueur Country Club
- Assets
- $1.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 75
- Location
- Le Sueur, MN
- Founding
- 08/1970
- Data as of
- 12/2022
- EIN
- 41-0374480
Organization Overview
Le Sueur Country Club is located in Le Sueur, MN. The organization was established in 1970. 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 12/2022, Le Sueur Country Club employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Le Sueur 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 12/2022, Le Sueur Country Club generated $1.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 5.1% 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
SELF SUPPORTED MEMBER RECREATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR ORGANIZATION PROVIDED RECREATION FACILITIES AND SERVICES FOR 185+ MEMBERS & THEIR FAMILIES THROUGH THE FUNCTIONS OF GOLF COURSE,SWIMMING POOL AND SOCIAL FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Fish Director | Trustee | 2 | $0 |
Taylor Stockwell President | Trustee | 4 | $0 |
Tom Gerlich Director | Trustee | 2 | $0 |
Kris Wilke Director | Trustee | 2 | $0 |
Kate Timmerman Vice President | Trustee | 2 | $0 |
Kevin Best Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $392,235 |
| 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 | $392,235 |
| Total Program Service Revenue | $367,389 |
| Investment income | $7,190 |
| 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 | $331,724 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,158,622 |
| 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 | $403,303 |
| Pension plan accruals and contributions | $3,694 |
| Other employee benefits | $0 |
| Payroll taxes | $58,971 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,917 |
| Office expenses | $6,918 |
| Information technology | $15,871 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,582 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $64,668 |
| All other expenses | $31,177 |
| Total functional expenses | $1,225,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,769 |
| Savings and temporary cash investments | $3,118 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,571 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $45,280 |
| Prepaid expenses and deferred charges | $11,188 |
| Net Land, buildings, and equipment | $923,031 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,402 |
| Total assets | $1,084,359 |
| Accounts payable and accrued expenses | $51,235 |
| Grants payable | $0 |
| Deferred revenue | $117,683 |
| 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 | $203,028 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $371,946 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $134,275 |
| Paid-in or capital surplus, or land, building, or equipment fund | $32,100 |
| Retained earnings, endowment, accumulated income, or other funds | $546,038 |
| Total liabilities and net assets/fund balances | $1,084,359 |