Ballard Golf & Country Club
- Assets
- $1.1m
- Revenue
- $697.6k
- Investments
- $0.0
- Employees
- 36
- Location
- Huxley, IA
- Founding
- 12/1974
- Data as of
- 12/2021
- EIN
- 42-1031435
Organization Overview
Ballard Golf & Country Club is located in Huxley, IA. The organization was established in 1974. 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 12/2021, Ballard Golf & Country Club employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ballard Golf & 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 12/2021, Ballard Golf & Country Club generated $697.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $690.9k during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A GOLF & COUNTRY CLUB FOR THE PLEASURE & RECREATION OF ITS MEMBERS, WITH FACILITIES APPROPRIATE & SUITABLE FOR GENERAL SOCIAL ACTIVITIES, GOLF, & ANY FORMS OF RECREATION WHICH ITS BOARD OF DIRECTORS CONSIDERS ADVISABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT BALLARD GOLF AND COUNTRY CLUB WE PROVIDED RECREATIONAL & SOCIAL ACTIVITIES FOR ITS MEMBERS & GUESTS THROUGH OPERATION OF A COUNTRY CLUB WITH GOLFING & RESTAURANT. APPROXIMATELY A TOTAL OF 275 MEMBERSHIPS WERE SERVED THROUGH INDIVIDUAL, FAMILY OR CORPORATE MEMBER CLASSIFICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kory Brown Superintende | Officer | 40 | $54,075 |
Matthew Mikkelsen General Mana | Officer | 40 | $50,775 |
Matt Gatchel President | OfficerTrustee | 1 | $0 |
Adam Christiansen Vice Preside | OfficerTrustee | 1 | $0 |
Elliot Josephson Secretary | OfficerTrustee | 1 | $0 |
Greg Ploeger Treasurer | OfficerTrustee | 1 | $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 | $503,824 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,100 |
| 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 | $192,701 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $697,625 |
| 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. | $106,350 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,237 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $70 |
| Payroll taxes | $24,964 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,795 |
| Advertising and promotion | $431 |
| Office expenses | $18,746 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,398 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $64,650 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,017 |
| Insurance | $28,643 |
| All other expenses | $42,841 |
| Total functional expenses | $690,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,292 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $290,114 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,957 |
| Prepaid expenses and deferred charges | $1,787 |
| Net Land, buildings, and equipment | $562,214 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,052,364 |
| Accounts payable and accrued expenses | $38,331 |
| Grants payable | $0 |
| Deferred revenue | $252,475 |
| 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 | $538,774 |
| Unsecured mortgages and notes payable | $66,185 |
| Other liabilities | $0 |
| Total liabilities | $895,765 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $224,509 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$67,910 |
| Total liabilities and net assets/fund balances | $1,052,364 |
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Chicago Club Chicago, IL | $23,297,083 | $6,965,290 |
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