Des Moines Embassy Club
- Assets
- $4.8m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 107
- Location
- Des Moines, IA
- Founding
- 01/1948
- Data as of
- 12/2023
- EIN
- 42-0639515
Organization Overview
Des Moines Embassy Club is located in Des Moines, IA. The organization was established in 1948. 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, Des Moines Embassy Club employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Des Moines Embassy 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, Des Moines Embassy Club generated $3.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $3.5m during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 9 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
EMBASSY CLUB IS A SOCIAL CLUB ORGANIZED TO PROMOTE THE MUTUAL INTERESTS OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMBASSY CLUB IS A SOCIAL CLUB ORGANIZED TO PROMOTE THE MUTUAL INTERESTS OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Bailey President | Officer | 40 | $109,867 |
Mary Boote Chair | OfficerTrustee | 1 | $0 |
Eugene Meyer Vice Chair | OfficerTrustee | 1 | $0 |
Jennifer Leachman Treasurer | OfficerTrustee | 1 | $0 |
Susan Porter Secretary | OfficerTrustee | 1 | $0 |
Kevin Croft Ex-Officio | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ruan Incorporated Rent & Repairs | 12/30/21 | $235,774 |
Kinzler Equities Llc Rent & Taxes | 12/30/21 | $244,357 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,001,177 |
| Investment income | $2,839 |
| 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 | $1,733,686 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,737,702 |
| 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. | $118,043 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,654,395 |
| Pension plan accruals and contributions | $19,297 |
| Other employee benefits | $117,025 |
| Payroll taxes | $142,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,525 |
| Fees for services: Accounting | $25,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,808 |
| Advertising and promotion | $87,797 |
| Office expenses | $18,849 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $601,179 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,801 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,168 |
| Insurance | $88,173 |
| All other expenses | $171,572 |
| Total functional expenses | $3,455,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $564,020 |
| Savings and temporary cash investments | $296,056 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $710,230 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $187,740 |
| Prepaid expenses and deferred charges | $10,093 |
| Net Land, buildings, and equipment | $504,613 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,498,679 |
| Total assets | $4,771,431 |
| Accounts payable and accrued expenses | $335,430 |
| 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 | $248,523 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,882,465 |
| Total liabilities | $3,466,418 |
| Net assets without donor restrictions | $1,305,013 |
| 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 | $4,771,431 |