Highland Golf Club
- Assets
- $1.2m
- Revenue
- $458.1k
- Investments
- $0.0
- Employees
- 24
- Location
- Iowa Falls, IA
- Founding
- 05/1955
- Data as of
- 09/2023
- 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 09/2023, 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 09/2023, Highland Golf Club generated $458.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $443.0k during the year ending 09/2023. While expenses have increased by 4.3% 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
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Brekunitch Board Member | Trustee | $0 | |
David Gimer Board Member | Trustee | $0 | |
Lincoln Johansen President | Trustee | $0 | |
Roger Nissly Treasurer | OfficerTrustee | $0 | |
Noah Silvey Board Member | Trustee | $0 | |
Kirk Yung Secretary | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $224,022 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,880 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $261,902 |
| Total Program Service Revenue | $87,563 |
| Investment income | $6,163 |
| 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 | $102,458 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $458,086 |
| 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 | $161,796 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,442 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $5,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,374 |
| Office expenses | $10,280 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,909 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,784 |
| Insurance | $13,563 |
| All other expenses | $7,604 |
| Total functional expenses | $443,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,131 |
| Savings and temporary cash investments | $116,604 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,015 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,705 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $797,964 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,165,419 |
| Accounts payable and accrued expenses | $8,590 |
| 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 | $500,000 |
| Total liabilities | $525,340 |
| 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 | $440,419 |
| Total liabilities and net assets/fund balances | $1,165,419 |