Wayzata Country Club
- Assets
- $17.5m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 245
- Location
- Wayzata, MN
- Founding
- 03/1958
- Data as of
- 11/2021
- EIN
- 41-0778776
Organization Overview
Wayzata Country Club is located in Wayzata, MN. The organization was established in 1958. 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 11/2021, Wayzata Country Club employed 245 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayzata 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 11/2021, Wayzata Country Club generated $10.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $8.4m during the year ending 11/2021. While expenses have increased by 0.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE CLUB IS TO OPERATE, FOR THE BENEFIT OF THE MEMBERSHIP, THE WAYZATA COUNTRY CLUB FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WAYZATA COUNTRY CLUB IS A PRIVATE, MEMBER OWNED CLUB LOCATED IN PICTURESQUE WAYZATA, MINNESOTA. RICH IN TRADITION, WAYZATA CC IS MORE THAN A COUNTRY CLUB; IT'S A HOME WHERE FAMILIES COME TOGETHER. THE TUDOR STYLE CLUBHOUSE SITS AMONG BEAUTIFUL GREENS, FLOWER GARDENS AND AGED OAKS; AN INVITING, RELAXING ENVIRONMENT AWAY FROM THE METROPOLITAN BUSTLE. IN ADDITION TO 18-HOLES OF CHAMPIONSHIP GOLF, THE 6-HOLE SHORT COURSE HOSTS THE AREA'S PREMIER JUNIOR GOLF ACADEMY. THE CLUBHOUSE FEATURES CASUAL AND FORMAL DINING WITH A BEAUTIFUL ATMOSPHERE, EXQUISITE SERVICE AND THE HIGHEST QUALITY CUISINE. COME ENJOY A REJUVENATING MASSAGE IN OUR EUROPEAN SPA, OR TAKE PERSONAL GOLF OR TENNIS LESSONS FROM OUR PROFESSIONAL STAFF. OUR TENNIS FACILITY FEATURES SUPERIORLY CONDITIONED CLAY COURTS, HARD COURTS, AND HEATED YEAR-ROUND PLATFORM COURTS. THE POOL AREA, WITH OUR NEWLY REMODELED ZERO ENTRY KIDDIE POOL BOASTS PLAYFUL WATER FEATURES. OUR LARGE POOL IS A PLACE OF RELAXATION FOR MEMBERS IN THE HOT MINNESOTA SUMMER MONTHS, AND A HOST TO A COMPETITIVE AQUATICS PROGRAM. IN THE WINTER, MEMBERS STAY ACTIVE WITH PLATFORM TENNIS, OUR TRAP AND SKEET RANGE, AND WINTER WONDERLAND WHICH INCLUDE ICE SKATING, HOCKEY, SLEDDING, CROSS-COUNTRY SKIING, AND SNOWSHOEING. SKIERS CAN LEAVE THE ROLLING FAIRWAYS TO FOLLOW THE TRAILS ON THE GROOMED LUCE LINE, EXTENDING MILES TO THE WEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Gerardi General Manager & COO | Officer | 60 | $246,613 |
Jesse Trcka Superintendent | 50 | $145,702 | |
Jay Fritzke Clubhouse Manager | 50 | $131,290 | |
Max Addler Golf Pro | 40 | $122,889 | |
Marget Seehof Membership Director | 40 | $122,606 | |
Chris Franco Director Of Racquet Sports. | 40 | $119,104 |
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 | $7,687,657 |
| Investment income | $685 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,080 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,078,015 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,501,613 |
| 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. | $276,537 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,984,316 |
| Pension plan accruals and contributions | $32,769 |
| Other employee benefits | $294,059 |
| Payroll taxes | $346,887 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $72,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $53,868 |
| Office expenses | $86,692 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $376,249 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,581 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,134,425 |
| Insurance | $122,662 |
| All other expenses | $160,288 |
| Total functional expenses | $8,431,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,319,327 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $701,812 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $327,416 |
| Prepaid expenses and deferred charges | $91,225 |
| Net Land, buildings, and equipment | $14,083,749 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,523,529 |
| Accounts payable and accrued expenses | $1,024,551 |
| Grants payable | $0 |
| Deferred revenue | $2,196,144 |
| 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 | $3,220,695 |
| Net assets without donor restrictions | $14,302,834 |
| 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 | $17,523,529 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edina Country Club Edina, MN | $21,372,241 | $7,831,351 |
Wayzata Country Club Wayzata, MN | $17,523,529 | $10,501,613 |
Oak Ridge Country Club Hopkins, MN | $13,821,924 | $8,175,238 |
The Summit League Inc Sioux Falls, SD | $12,416,599 | $5,663,074 |
Minnehaha Country Club Sioux Falls, SD | $14,982,683 | $7,335,530 |
Wakonda Club Des Moines, IA | $7,236,069 | $6,317,346 |
Lake Panorama Association Panora, IA | $17,811,601 | $6,436,840 |
Rochester Golf & Country Club Rochester, MN | $18,588,891 | $5,719,819 |
Hyperion Field Club Johnston, IA | $6,332,058 | $5,789,094 |
Cedar Rapids Country Club Cedar Rapids, IA | $15,264,326 | $6,818,996 |
Westmoor Country Club Brookfield, WI | $8,894,635 | $6,849,120 |
Crow Valley Golf Club Davenport, IA | $9,047,795 | $5,702,774 |