Beatrice Country Club
- Assets
- $3.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 62
- Location
- Beatrice, NE
- Founding
- 05/1938
- Data as of
- 12/2022
- EIN
- 47-0101600
Organization Overview
Beatrice Country Club is located in Beatrice, NE. The organization was established in 1938. 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 12/2022, Beatrice Country Club employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beatrice 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 12/2022, Beatrice Country Club generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A PLACE FOR MEMBERS TO PLAY GOLF AND PRACTICE ON THE DRIVING RANGE AND PUTTING GREENS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEATRICE COUNTRY CLUB OPERATES AN 18 HOLE GOLF COURSE FOR ITS 300 MEMBERSHIP UNITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Beckman Secretary | OfficerTrustee | 2 | $0 |
Nate Clabaugh Vice Preside | OfficerTrustee | 2 | $0 |
Traci Garnett-Froscheiser Director | Trustee | 2 | $0 |
Dan Gleason Director | Trustee | 2 | $0 |
Tim Gleason Director | Trustee | 2 | $0 |
Timoree Klingler Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $631,731 |
| 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 | $631,731 |
| Total Program Service Revenue | $463,980 |
| Investment income | $100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,785 |
| Net Gain/Loss on Asset Sales | $800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,262 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,231,555 |
| 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 | $299,532 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,506 |
| Payroll taxes | $25,071 |
| Fees for services: Management | $46,684 |
| Fees for services: Legal | $7,680 |
| Fees for services: Accounting | $528 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,888 |
| Office expenses | $6,355 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,339 |
| Travel | $1,076 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,630 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $116,229 |
| Insurance | $24,711 |
| All other expenses | $198,071 |
| Total functional expenses | $1,126,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,566 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $420,213 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $71,051 |
| Prepaid expenses and deferred charges | $11,431 |
| Net Land, buildings, and equipment | $2,662,874 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,990 |
| Total assets | $3,263,125 |
| Accounts payable and accrued expenses | $582,502 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $538,421 |
| Unsecured mortgages and notes payable | $377,624 |
| Other liabilities | $0 |
| Total liabilities | $1,498,547 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,764,578 |
| Total liabilities and net assets/fund balances | $3,263,125 |