Carefree Country Club
- Assets
- $3.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 20
- Location
- Big Lake, MN
- Founding
- 01/1988
- Data as of
- 04/2024
- EIN
- 41-1560308
Organization Overview
Carefree Country Club is located in Big Lake, MN. The organization was established in 1988. 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 04/2024, Carefree Country Club employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carefree 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 04/2024, Carefree Country Club generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.1m during the year ending 04/2024. While expenses have increased by 5.1% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL AND RECREATIONAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE OF RECREATIONAL FACILITIES (INCLUDING A GOLF COURSE, SWIMMING POOL, ETC.) FOR THE USE BY, AND ENJOYMENT OF, THE MEMBERS OF THE ORGANIZATION.
OTHER MISC EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Larson President | OfficerTrustee | $0 | |
Marie Mcaninch Secretary | OfficerTrustee | $0 | |
Cathy Ballot Treasurer | OfficerTrustee | $0 | |
Janet Johnson V Pres (as O | Trustee | $0 | |
Dave Holzer Director (th | Trustee | $0 | |
Marv Koenig Director | Trustee | $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 | $1,172,598 |
| Investment income | $34,646 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $65,149 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,272,393 |
| 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 | $256,461 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,705 |
| Payroll taxes | $33,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,816 |
| Fees for services: Accounting | $14,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,812 |
| Advertising and promotion | $435 |
| Office expenses | $5,583 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $249,830 |
| 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 | $155,220 |
| Insurance | $39,372 |
| All other expenses | $29,296 |
| Total functional expenses | $1,109,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,369 |
| Savings and temporary cash investments | $1,874,949 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,370,029 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,259,347 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $671,897 |
| 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 | $671,897 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,726,405 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $861,045 |
| Total liabilities and net assets/fund balances | $3,259,347 |