Red Oak Country Club
- Assets
- $1.3m
- Revenue
- $446.7k
- Investments
- $0.0
- Employees
- 23
- Location
- Red Oak, IA
- Founding
- 09/1973
- Data as of
- 12/2022
- EIN
- 42-0627684
Organization Overview
Red Oak Country Club is located in Red Oak, IA. The organization was established in 1973. 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 12/2022, Red Oak Country Club employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Oak 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 12/2022, Red Oak Country Club generated $446.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $510.5k 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
SOCIAL CLUB GOLF COURSE
Describe the Organization's Program Activity:
Part 3 - Line 4a
NON PROFIT PLEASURE RECREATION COUNTRY CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Orme Officer | Officer | 5 | $0 |
Doug Plambeck Officer | Officer | 5 | $0 |
Stephen Hays Treasurer | Officer | 5 | $0 |
Lynette Vandeneinde President | Officer | 5 | $0 |
Cindy Philby Officer | Officer | 5 | $0 |
Mark Graber Officer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $216,976 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,976 |
| Total Program Service Revenue | $71,922 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,500 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $5,740 |
| Net Income from Sales of Inventory | $100,160 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $446,689 |
| 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. | $106,230 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,027 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,361 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,557 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,956 |
| Travel | $177 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $340 |
| Interest | $1,452 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,079 |
| Insurance | $0 |
| All other expenses | $130,462 |
| Total functional expenses | $510,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,086 |
| Savings and temporary cash investments | $73,595 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,775 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,039 |
| Prepaid expenses and deferred charges | $2,063 |
| Net Land, buildings, and equipment | $1,106,366 |
| Investments—publicly traded securities | $5,427 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,253,351 |
| Accounts payable and accrued expenses | $108,177 |
| Grants payable | $0 |
| Deferred revenue | $48,667 |
| 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 | $15,024 |
| Unsecured mortgages and notes payable | $50,000 |
| Other liabilities | $0 |
| Total liabilities | $221,868 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $207 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,550,132 |
| Retained earnings, endowment, accumulated income, or other funds | -$518,856 |
| Total liabilities and net assets/fund balances | $1,253,351 |