Highland Golf Club
- Assets
- $1.2m
- Revenue
- $374.6k
- Investments
- $0.0
- Employees
- 24
- Location
- Iowa Falls, IA
- Founding
- 05/1955
- Data as of
- 09/2022
- EIN
- 42-0309398
Organization Overview
Highland Golf Club is located in Iowa Falls, IA. The organization was established in 1955. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 09/2022, Highland Golf Club employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highland Golf Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2022, Highland Golf Club generated $374.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $372.9k during the year ending 09/2022. While expenses have increased by 2.4% per year over the past 7 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
HIGHLAND GOLF CLUB IS A GOLF COURSE AND SOCIAL CLUB WITH A MISSION TO SERVE THE LOCAL COMMUNITY AND PROVIDE ACTIVITIES FOR THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM SERVICE ACTIVITIES ARE TOURNAMENTS, GREEN FEES AND RENTALS TO MEMBERS. THE EXPENSES ARE NOT EASILY BROKEN OUT OR ALLOCATED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Kluesner Secretary | OfficerTrustee | $0 | |
Roger Nissly Treasurer | OfficerTrustee | $0 | |
Steve Brekunitch Board Member | Trustee | $0 | |
Doug Keninger Board Member | Trustee | $0 | |
Kyle Meyer President | Trustee | $0 | |
Noah Silvey Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $204,108 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,390 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $209,498 |
| Total Program Service Revenue | $74,625 |
| Investment income | $83 |
| 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 | $90,159 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $374,614 |
| 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 | $159,443 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,524 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $930 |
| Office expenses | $9,761 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,159 |
| 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 | $35,371 |
| Insurance | $11,888 |
| All other expenses | $8,047 |
| Total functional expenses | $372,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293,200 |
| Savings and temporary cash investments | $21,840 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,361 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,040 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $830,771 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,166,212 |
| Accounts payable and accrued expenses | $23,776 |
| Grants payable | $0 |
| Deferred revenue | $16,750 |
| 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 | $500,650 |
| Total liabilities | $541,176 |
| Net assets without donor restrictions | $0 |
| 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 | $199,660 |
| Retained earnings, endowment, accumulated income, or other funds | $425,376 |
| Total liabilities and net assets/fund balances | $1,166,212 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Golf Association Glenview, IL | $11,404,797 | $19,646,849 |
Crystal Tree Golf And Country Club Orland Park, IL | $22,733,693 | $7,174,388 |
Chicago District Golf Association Lemont, IL | $10,835,178 | $5,446,204 |
Minnesota Golf Association Inc Edina, MN | $1,691,955 | $3,127,420 |
Oconomowoc Golf Club Oconomowoc, WI | $3,718,585 | $2,780,073 |
Wisconsin State Golf Association Inc West Allis, WI | $3,484,583 | $2,661,468 |
Ridge Golf Association Inc Sioux Center, IA | $763,275 | $2,061,022 |
Wisconsin Section Of The Prfsnl Golfers Assoc Of Amer Inc West Allis, WI | $2,346,831 | $1,993,640 |
Odyssey Charities Oak Brook, IL | $10,452,799 | $1,300,972 |
Detroit Country Club Inc Detroit Lakes, MN | $2,607,069 | $1,763,955 |
Illinois Junior Golf Association Lemont, IL | $804,884 | $1,020,198 |
Green Valley Floyd Golf Corp Sioux City, IA | $1,732,109 | $1,490,611 |