The information for Elmcrest Golf & Country Club is as of the organization's most recent filing in October 2020. This organization is located in Cedar Rapids, IA and has been in existence for 61 years since its founding in 1959.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
Elmcrest Golf & Country Club's NTEE code is N60. The "N" tells us that the organization is classified along with Amateur Sports. The "60" tells us that the organization is a Recreation & Sports organization. The NTEE describes Recreation & Sports organizations as those that provide people of all ages with the opportunity to learn and enjoy the organized recreational activity, sport or game of their choice. These programs may provide coaching, access to equipment and facilities, and uniforms, and may sponsor or arrange for athletes to participate in amateur competitions.
Every organization is also governed by a specific section of the Internal Revenue Code. This organization happens to be a 501(c)(7) organization. The IRS describes these organizations as Social and Recreational Clubs.
The mission of Elmcrest Golf & Country Club is to provide dining, recreational and social activities to its members.
The program area is focused on providing recreational facilities such as dining, golfing, swimming, and tennis to its members.
Elmcrest Golf & Country Club is run by Chad Kellogg, who is the President. The organization has 187 employees, of whom only 1 is paid more than $100k per year (according to the organization's most recent 990 tax filing). Supporting the paid staff are 11 volunteers.
Elmcrest Golf & Country Club is an incredibly well-governed non-profit organization. With 11 voting members and 11 independent members, the organization is able to provide a diverse range of perspectives to ensure that decisions are made in the best interest of the organization. In addition, potential conflicts of interest are avoided due to the fact that the organization has not delegated management to an outside firm. Furthermore, board and committee meetings are documented to ensure that all decisions are properly recorded and can be referred to in the future. The organization also has a conflict of interest policy, a written whistleblower policy, and a document retention policy, all of which help to ensure that the organization is operating with integrity. Additionally, the organization substantiates and reviews leadership and officer salaries, as well as provides copies of the 990 to the board prior to filing. All of these measures demonstrate that Elmcrest Golf & Country Club is committed to good governance and accountability.
Overall, Elmcrest Golf & Country Club has seen a decrease in their total revenue from $4.5M in 2014 to $4.3M in 2019, as well as a decrease in their employee salaries from $2.7M in 2014 to $2.4M in 2019. Additionally, their total employees decreased from 227 in 2014 to 187 in 2019, and their total volunteers decreased from 12 in 2016 to 11 in 2018. These numbers suggest a decline in the organization over the given time period.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Larry Gladson COO | Officer | 40 | $116,575 |
Valerie Sleege CFO | Officer | 40 | $63,787 |
Chad Kellogg President | OfficerTrustee | 1 | $0 |
Linda Zachar Treasurer/se | OfficerTrustee | 1 | $0 |
Pat Baird Director | Trustee | 1 | $0 |
Brad Canfield Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $19,382 |
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 | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,294,076 |
Statement of Expenses | |
---|---|
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. | $251,023 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,746,236 |
Pension plan accruals and contributions | $20,000 |
Other employee benefits | $118,425 |
Payroll taxes | $214,705 |
Fees for services: Management | $0 |
Fees for services: Legal | $137,807 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,283 |
Advertising and promotion | $358 |
Office expenses | $11,040 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $460,014 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $10,491 |
Interest | $333,425 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $543,079 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $4,671,326 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $744,908 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $262,567 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $45,378 |
Prepaid expenses and deferred charges | $68,018 |
Investments—publicly traded securities | $126,374 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $80,481 |
Total assets | $7,497,158 |
Accounts payable and accrued expenses | $1,150,906 |
Grants payable | $0 |
Deferred revenue | $1,009,996 |
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 | $7,727,731 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $574,986 |
Total liabilities | $10,463,619 |
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 |
Total liabilities and net assets/fund balances | -$2,966,461 |
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