Indianola Country Club
- Assets
- $1.9m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 48
- Location
- Indianola, IA
- Founding
- 09/1966
- Data as of
- 12/2021
- EIN
- 42-0328325
Organization Overview
Indianola Country Club is located in Indianola, IA. The organization was established in 1966. 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 12/2021, Indianola Country Club employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indianola 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 12/2021, Indianola Country Club generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $751.9k during the year ending 12/2021. While expenses have increased by 1.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RECREATION & SOCIALIZATION FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED RECREATIONAL & SOCIAL ACTIVITIES FOR MEMBERS THROUGH OPERATION OF A COUNTRY CLUB WITH GOLFING & RESTAURANT & BAR FACILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Halterman President | OfficerTrustee | 5 | $0 |
Jeremy Johnson Vice President | OfficerTrustee | 2 | $0 |
Mike Coppess Director | Trustee | 2 | $0 |
Clint Brown Director | Trustee | 1 | $0 |
Brett Wright Director | Trustee | 1 | $0 |
Cory Drees Director | Trustee | 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 | $90,242 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,242 |
| Total Program Service Revenue | $764,973 |
| Investment income | $522 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,069 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $172,360 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,015,284 |
| 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 | $243,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,000 |
| Payroll taxes | $35,266 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $766 |
| Fees for services: Accounting | $19,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,085 |
| Office expenses | $1,557 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100 |
| Interest | $25,155 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,017 |
| Insurance | $22,906 |
| All other expenses | $94,955 |
| Total functional expenses | $751,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,932 |
| Savings and temporary cash investments | $242,537 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,308 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,162 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,667,435 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $724 |
| Other assets | $2,028 |
| Total assets | $1,949,126 |
| Accounts payable and accrued expenses | $61,501 |
| Grants payable | $0 |
| Deferred revenue | $27,793 |
| 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 | $547,759 |
| Unsecured mortgages and notes payable | $65,000 |
| Other liabilities | $0 |
| Total liabilities | $702,053 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,247,073 |
| Total liabilities and net assets/fund balances | $1,949,126 |
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|---|---|---|
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Twin Orchard Country Club Long Grove, IL | $7,888,847 | $8,779,508 |
Briarwood Country Club Deerfield, IL | $16,862,462 | $7,936,936 |
Wisconsin Club Inc Milwaukee, WI | $13,631,132 | $7,676,658 |
Milwaukee Country Club River Hills, WI | $13,393,861 | $8,032,632 |
Chicago Club Chicago, IL | $23,297,083 | $6,965,290 |
Westborough Country Club St Louis, MO | $12,574,803 | $8,255,604 |
North Shore Country Club Mequon, WI | $12,385,301 | $7,356,496 |
Woodhill Country Club Wayzata, MN | $12,252,723 | $5,942,697 |
River Forest Country Club Elmhurst, IL | $11,952,693 | $7,876,925 |