Crestmoor Golf Club Inc W Hwy 25
- Assets
- $200.5k
- Revenue
- $217.8k
- Investments
- $0.0
- Employees
- 17
- Location
- Creston, IA
- Founding
- 10/1946
- Data as of
- 12/2022
- EIN
- 42-0619241
Organization Overview
Crestmoor Golf Club Inc W Hwy 25 is located in Creston, IA. The organization was established in 1946. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Crestmoor Golf Club Inc W Hwy 25 employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crestmoor Golf Club Inc W Hwy 25 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, Crestmoor Golf Club Inc W Hwy 25 generated $217.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $183.1k during the year ending 12/2022. 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
RECREATIONAL AND SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF, DINING AND SOCIAL ACITVITIES FOR THE CLUBS MEMBERS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Lesan Co-President | Officer | 0 | $13,915 |
David Brownrigg Co-President | OfficerTrustee | 0 | $945 |
Tom Lesan Director | Trustee | 0 | $0 |
Jordy Reha Director | Trustee | 0 | $0 |
Luke Neitzel Director | Trustee | 0 | $0 |
Eric Green Vice President | Officer | 0 | $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 | $2,445 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,445 |
| Total Program Service Revenue | $175,918 |
| Investment income | $72 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,696 |
| 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 | $29,625 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $217,833 |
| 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 | $43,660 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,912 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,322 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $165 |
| Office expenses | $306 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,831 |
| 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 | $9,545 |
| Insurance | $14,458 |
| All other expenses | $34,408 |
| Total functional expenses | $183,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,995 |
| Savings and temporary cash investments | $42,563 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $145 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,100 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $116,735 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $200,538 |
| Accounts payable and accrued expenses | $447 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $447 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $79,775 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,109 |
| Retained earnings, endowment, accumulated income, or other funds | $119,207 |
| Total liabilities and net assets/fund balances | $200,538 |