Onawa Country Club Corp
- Assets
- $207.7k
- Revenue
- $155.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Onawa, IA
- Founding
- 08/1989
- Data as of
- 12/2022
- EIN
- 42-0667813
Organization Overview
Onawa Country Club Corp is located in Onawa, IA. The organization was established in 1989. As of 12/2022, Onawa Country Club Corp employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Onawa Country Club Corp 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, Onawa Country Club Corp generated $155.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $147.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.9%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A SOCIAL AND RECREATION CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A GOLF COURSE FOR RECREATION AND SOCIAL INTERACTION FOR PEOPLE IN THE LOCAL AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Parks Director | Trustee | 0.5 | $0 |
Rob Meyer Director | Trustee | 0.5 | $0 |
Jill Pierick Director | Trustee | 0.5 | $0 |
Curtis Sturgill Director | Trustee | 0.5 | $0 |
Steve Gossage President | Officer | 2 | $0 |
Allen Yanke Vice-President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $99,307 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,590 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$10,656 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $26,129 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $155,153 |
| 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 | $44,012 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,556 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $117 |
| Fees for services: Accounting | $1,537 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $778 |
| Office expenses | $159 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,754 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,387 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,600 |
| Insurance | $5,601 |
| All other expenses | $19,488 |
| Total functional expenses | $147,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,715 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,820 |
| Net Land, buildings, and equipment | $193,948 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $170 |
| Total assets | $207,653 |
| Accounts payable and accrued expenses | $1,275 |
| Grants payable | $0 |
| Deferred revenue | $5,249 |
| 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 | $104,440 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,287 |
| Total liabilities | $117,251 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $62,240 |
| Paid-in or capital surplus, or land, building, or equipment fund | $2,182 |
| Retained earnings, endowment, accumulated income, or other funds | $25,980 |
| Total liabilities and net assets/fund balances | $207,653 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bloomington Country Club Bloomington, IL | $10,126,823 | $4,625,245 |
Arrowhead Country Club Rapid City, SD | $6,851,379 | $4,558,548 |
Sauk Centre Country Club Inc Sauk Centre, MN | $430,251 | $580,926 |
Downers Grove Sportsmens Club Morris, IL | $1,973,964 | $320,231 |
English Valley Recreation Corportion Knoll Ridge North English, IA | $525,793 | $228,216 |
Onawa Country Club Corp Onawa, IA | $207,653 | $155,153 |
Tri-County Country Club Augusta, IL | $272,459 | $0 |