Rochester Golf & Country Club
- Assets
- $17.9m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 188
- Location
- Rochester, MN
- Founding
- 03/1945
- Data as of
- 03/2023
- EIN
- 41-0506970
Organization Overview
Rochester Golf & Country Club is located in Rochester, MN. The organization was established in 1945. 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 03/2023, Rochester Golf & Country Club employed 188 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester Golf & 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 03/2023, Rochester Golf & Country Club generated $5.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.7%) each year. All expenses for the organization totaled $5.9m during the year ending 03/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB IS A PRIVATE GOLF COURSE, SERVING ITS MEMBERS BY PROVIDING A VARIETY OF AMENITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROCHESTER GOLF & COUNTRY CLUB IS A PRIVATE, 18-HOLE GOLF COURSE DESIGNED BY A.W. TILLINGHAST IN 1916. IT HAS BEEN ACCLAIMED BY GOLF DIGEST AND THE GOLF COURSE ARTICHECTS OF AMERICA AS ONE OF THE FINEST COURSES OF ITS KIND.
THE CLUB SERVES THE NEEDS OF ITS 590 MEMBERS BY PROVIDING A VARIETY OF RECREATION AND CLUBHOUSE AMENITIES. THE CLUBHOUSE FEATURES A PROFESSIONAL GOLF SHOP, TILLIES BAR & GRILL, SHAWNEE DINING ROOM WITH A PRIVATE DINING ROOM. INDOOR GOLF SIMULATORS AND LOUNGE, FITNESS CENTER AND A KIDS CLUB. MULTIPLE INDOOR EVENT SPACES, INCLUDING PRIVATE MEETING ROOMS AND A STATE OF THE ART BALLROOM, MAKING ROCHESTER GOLF & COUNTRY CLUB THE IDEAL LOCATION FOR EVENTS, LARGE OR SMALL. THE CLUB ALSO HAS AN OUTDOOR WEDDING CEREMONY AND MULTI-USE SITE AVAILABLE. JUST OUTSIDE THE CLUBHOUSE MEMBERS CAN COOL OFF IN THE OUTDOOR AQUATIC CENTER, COMPLETE WITH DOUBLE FLUME WATER SLIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Lombardo President | OfficerTrustee | 1 | $0 |
Lindsey Lehman Vice President/treasurer | OfficerTrustee | 1 | $0 |
Jenna Lovely Secretary | OfficerTrustee | 1 | $0 |
John Gunnon Past President | OfficerTrustee | 1 | $0 |
Kara Gyamarty Director | Trustee | 1 | $0 |
Mike Benike Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,723,013 |
| Investment income | $14,009 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,142 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,446,688 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,208,852 |
| 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. | $194,453 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,315,918 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $620,289 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $30,675 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,223,380 |
| Insurance | $0 |
| All other expenses | $247,042 |
| Total functional expenses | $5,949,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,120 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $731,370 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $334,843 |
| Prepaid expenses and deferred charges | $288,219 |
| Net Land, buildings, and equipment | $15,832,258 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $352,558 |
| Total assets | $17,871,368 |
| Accounts payable and accrued expenses | $522,121 |
| Grants payable | $0 |
| Deferred revenue | $517,254 |
| 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 | $688,081 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $486,500 |
| Total liabilities | $2,213,956 |
| Net assets without donor restrictions | $15,657,412 |
| 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 | $17,871,368 |