Arrowhead Country Club
- Assets
- $6.9m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 163
- Location
- Rapid City, SD
- Founding
- 07/1957
- Data as of
- 12/2023
- EIN
- 46-0241901
Organization Overview
Arrowhead Country Club is located in Rapid City, SD. The organization was established in 1957. As of 12/2023, Arrowhead Country Club employed 163 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arrowhead 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 12/2023, Arrowhead Country Club generated $4.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $4.3m during the year ending 12/2023. While expenses have increased by 4.7% 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
SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GOLF, TENNIS, AND OTHER SOCIAL AND RECREATIONAL ACTIVITIES TO CLUB MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Sharpe General Mana | Officer | 40 | $142,784 |
Rob Keighron President | OfficerTrustee | 0.5 | $0 |
Matt Huether Vice Preside | OfficerTrustee | 0.5 | $0 |
Maureen Gustafson 2nd Vice Pre | OfficerTrustee | 0.5 | $0 |
Nick Patton Secretary | OfficerTrustee | 0.5 | $0 |
Lauren Wolff House Chair | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bryce Barnard Tennis Pro | 12/30/15 | $166,772 |
Howrey Construction Construction | 12/30/15 | $219,777 |
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 | $6,620 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,620 |
| Total Program Service Revenue | $2,727,215 |
| Investment income | $10,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $331,078 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $27,000 |
| Net Income from Sales of Inventory | $1,278,144 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,558,548 |
| 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. | $149,152 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,954,097 |
| Pension plan accruals and contributions | $24,848 |
| Other employee benefits | $88,464 |
| Payroll taxes | $209,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,494 |
| Fees for services: Accounting | $52,596 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,044 |
| Advertising and promotion | $101,837 |
| Office expenses | $42,887 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $470,302 |
| Travel | $11,238 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $149,989 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $349,761 |
| Insurance | $0 |
| All other expenses | $7,886 |
| Total functional expenses | $4,331,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,522 |
| Savings and temporary cash investments | $416,882 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $391,367 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $152,491 |
| Prepaid expenses and deferred charges | $28,764 |
| Net Land, buildings, and equipment | $5,155,319 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $234,520 |
| Other assets | $163,514 |
| Total assets | $6,851,379 |
| Accounts payable and accrued expenses | $429,039 |
| Grants payable | $0 |
| Deferred revenue | $142,465 |
| 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 | $3,265,068 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $576,233 |
| Total liabilities | $4,412,805 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,172,767 |
| Paid-in or capital surplus, or land, building, or equipment fund | $199,079 |
| Retained earnings, endowment, accumulated income, or other funds | $1,066,728 |
| Total liabilities and net assets/fund balances | $6,851,379 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arrowhead Country Club Rapid City, SD | $6,851,379 | $4,558,548 |
Marias Valley Golf And Country Club Shelby, MT | $692,449 | $850,909 |
Sauk Centre Country Club Inc Sauk Centre, MN | $430,251 | $580,926 |
English Valley Recreation Corportion Knoll Ridge North English, IA | $525,793 | $228,216 |
Onawa Country Club Corp Onawa, IA | $207,653 | $155,153 |