Ankeny Golf & Country Club Ankeny
- Assets
- $1.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 76
- Location
- Ankeny, IA
- Founding
- Data as of
- 10/2023
- EIN
- 42-0864606
Organization Overview
Ankeny Golf & Country Club Ankeny is located in Ankeny, IA. As of 10/2023, Ankeny Golf & Country Club Ankeny employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ankeny Golf & Country Club Ankeny is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, Ankeny Golf & Country Club Ankeny generated $1.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $1.5m during the year ending 10/2023. 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
THE ENJOYMENT AND FURTHERANCE OF GOLF, AND THE PROMOTION AND ADVANCEMENT OF THE SOCIAL ACTIVITIES OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OWNS AND MAINTAINS A CLUBHOUSE FACILITY THAT IS AVAILABLE FOR USE TO ITS MEMBERS. THE CLUBHOUSE IS CONDUCIVE TO THE ORGANIZATION'S EXEMPT PURPOSE IN THAT IT PROVIDES A GATHERING PLACE FOR THE VARIOUS SOCIAL ACTIVITIES PROVIDED BY THE CLUB.
THE ORGANIZATION OWNS AND MAINTAINS A GOLF COURSE AND GROUNDS ALLOWING ITS MEMBERS TO FURTHER THEIR ATHLETIC PURSUITS PRIMARILY IN THE GAME OF GOLF. THE ORGANIZATION ALSO OWNS AND OPERATES A SWIMMING POOL FOR THOSE MEMBERS INTERESTED IN SWIMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Norland General Mana | Officer | 40 | $93,516 |
Philip Van Roekel Superintende | Officer | 40 | $71,777 |
Chad Willets President | OfficerTrustee | 4 | $3,419 |
Janice Sewright Treasurer | Officer | 4 | $3,419 |
Brian Wiskus Director | Trustee | 2 | $0 |
Kristina Wellman Director | Trustee | 2 | $0 |
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 | $1,025,428 |
| Investment income | $0 |
| 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 | $460,310 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,510,724 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $700 |
| 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. | $172,958 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $582,711 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,081 |
| Payroll taxes | $75,162 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $301 |
| Fees for services: Accounting | $24,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,682 |
| Advertising and promotion | $3,114 |
| Office expenses | $43,168 |
| Information technology | $21,206 |
| Royalties | $0 |
| Occupancy | $223,109 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,614 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,307 |
| Insurance | $31,806 |
| All other expenses | $37,573 |
| Total functional expenses | $1,459,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,579 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $110,111 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $167,907 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,223,892 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,521,489 |
| Accounts payable and accrued expenses | $100,447 |
| Grants payable | $0 |
| Deferred revenue | $65,697 |
| 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 | $670,838 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,773 |
| Total liabilities | $846,755 |
| Net assets without donor restrictions | $674,734 |
| 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 | $1,521,489 |