Cedar Rapids Country Club
- Assets
- $17.2m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 247
- Location
- Cedar Rapids, IA
- Founding
- 07/1958
- Data as of
- 01/2024
- EIN
- 42-0172960
Organization Overview
Cedar Rapids Country Club is located in Cedar Rapids, IA. 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 01/2024, Cedar Rapids Country Club employed 247 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Rapids 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 01/2024, Cedar Rapids Country Club generated $7.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $6.8m during the year ending 01/2024. While expenses have increased by 1.7% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
A PRIVATE GOLF COURSE/CLUBHOUSE SERVING MEMBERS PRIMARILY FROM CEDAR RAPIDS, IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEDAR RAPIDS COUNTRY CLUB OPERATES A GOLF COURSE, CLUBHOUSE, TENNIS COURTS AND SWIMMING POOL. THE MEMBERS ARE PRIMARILY FROM THE CEDAR RAPIDS COMMUNITY AND SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Feller General Manager | Officer | 40 | $179,089 |
Lucas Donah Director Of Instruction | 40 | $137,380 | |
Paul Willenbring Beverage Manager | 40 | $121,608 | |
Kathy Dearborn Controller | 40 | $107,571 | |
Thomas H Feller Superintendent | 40 | $100,249 | |
Katharine Brown President | OfficerTrustee | 2 | $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 | $6,622,303 |
| Investment income | $1,759 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,192,116 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,816,178 |
| 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. | $194,802 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,794,233 |
| Pension plan accruals and contributions | $14,594 |
| Other employee benefits | $27,820 |
| Payroll taxes | $476,893 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,770 |
| Advertising and promotion | $0 |
| Office expenses | $98,065 |
| Information technology | $4,800 |
| Royalties | $0 |
| Occupancy | $726,437 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,249 |
| Interest | $138,700 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,006,189 |
| Insurance | $7,762 |
| All other expenses | $181,275 |
| Total functional expenses | $6,819,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $506,041 |
| Savings and temporary cash investments | $829,582 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $383,694 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $278,974 |
| Prepaid expenses and deferred charges | $112,898 |
| Net Land, buildings, and equipment | $15,104,118 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,215,307 |
| Accounts payable and accrued expenses | $915,624 |
| Grants payable | $0 |
| Deferred revenue | $2,707,055 |
| 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 | $2,485,779 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $329,547 |
| Total liabilities | $6,438,005 |
| Net assets without donor restrictions | $10,777,302 |
| 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 | $17,215,307 |