Ames Golf And Country Club
- Assets
- $2.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 109
- Location
- Ames, IA
- Founding
- 07/1969
- Data as of
- 12/2022
- EIN
- 42-0114195
Organization Overview
Ames Golf And Country Club is located in Ames, IA. The organization was established in 1969. 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, Ames Golf And Country Club employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ames Golf And 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, Ames Golf And Country Club generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 7.1% per year over the past 8 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 PROVIDE SOCIAL AND RECREATIONAL FACILITIES, ACTIVITIES AND SERVICES TO OUR MEMBERS AND THIER GUESTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GOLF COURSE AND PRACTICE FACILITY FOR MEMBER - APPROXIMATELY 338 ELIGABLE TO PARTICIPATE
PROVIDE POOL AND TENNIS COURTS FOR THE MEMBERSHIP - APPROXIMATELY 145
PROVIDE CLUBHOUSE, INCLUDING DINING FOR MEMBERSHIP - 338 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Eichenberger Director | Trustee | 1 | $0 |
Joe Leto Vice President | OfficerTrustee | 2 | $0 |
Paul Larson Director | Trustee | 2 | $0 |
Jack Hartwigsen Director | Trustee | 2 | $0 |
Ryan Bryngelson Director | Trustee | 1 | $0 |
Dianne Fales President | OfficerTrustee | 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 | $1,386,653 |
| Investment income | $0 |
| 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 | $271,739 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,658,392 |
| 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 | $626,319 |
| Pension plan accruals and contributions | $8,282 |
| Other employee benefits | $0 |
| Payroll taxes | $68,639 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,850 |
| Advertising and promotion | $5,192 |
| Office expenses | $0 |
| Information technology | $21,830 |
| Royalties | $0 |
| Occupancy | $228,536 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $47,415 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $223,971 |
| Insurance | $123,996 |
| All other expenses | $118,613 |
| Total functional expenses | $2,046,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,972 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $228,880 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $93,022 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,788,883 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,003 |
| Total assets | $2,166,760 |
| Accounts payable and accrued expenses | $207,510 |
| 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 | $1,163,269 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,976 |
| Total liabilities | $1,389,755 |
| Net assets without donor restrictions | $777,005 |
| 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 | $2,166,760 |