Wakonda Club
- Assets
- $15.8m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 217
- Location
- Des Moines, IA
- Founding
- 05/1951
- Data as of
- 12/2023
- EIN
- 42-0624971
Organization Overview
Wakonda Club is located in Des Moines, IA. The organization was established in 1951. 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 12/2023, Wakonda Club employed 217 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wakonda Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Wakonda Club generated $6.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $5.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. 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
A PRIVATE COUNTRY CLUB SERVING MEMBERS PRIMARILY FROM THE GREATER DES MOINES AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A GOLF COURSE, CLUBHOUSE, TENNIS COURTS, AND SWIMMING POOL. THE MEMBERS ARE PRIMARILY FROM THE DES MOINES COMMUNITY AND SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruan IV John President | OfficerTrustee | 1 | $0 |
Cownie Peter Vice President | OfficerTrustee | 1 | $0 |
Ruperto Melinda Secretary/treasurer | OfficerTrustee | 1 | $0 |
Smith Robert Director | Trustee | 1 | $0 |
Michelson Ann Director | Trustee | 1 | $0 |
Ferrari Jenny Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $629,357 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $670,557 |
| Total Program Service Revenue | $4,273,388 |
| Investment income | $139,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,076 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $912,030 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,250,335 |
| 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. | $203,326 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,986,834 |
| Pension plan accruals and contributions | $12,259 |
| Other employee benefits | $157,639 |
| Payroll taxes | $205,226 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $189,802 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,949 |
| Office expenses | $52,072 |
| Information technology | $133,231 |
| Royalties | $0 |
| Occupancy | $624,208 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $72,884 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $680,791 |
| Insurance | $0 |
| All other expenses | $169,558 |
| Total functional expenses | $4,992,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,754 |
| Savings and temporary cash investments | $268,962 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $279,054 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $223,677 |
| Prepaid expenses and deferred charges | $11,702 |
| Net Land, buildings, and equipment | $14,141,302 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $632,112 |
| Total assets | $15,776,563 |
| Accounts payable and accrued expenses | $1,102,541 |
| Grants payable | $0 |
| Deferred revenue | $791,431 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $3,117,503 |
| Secured mortgages and notes payable | $3,147,696 |
| Unsecured mortgages and notes payable | $1,614,331 |
| Other liabilities | $229,283 |
| Total liabilities | $10,002,785 |
| Net assets without donor restrictions | $5,773,778 |
| 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 | $15,776,563 |