Falls City Golf Course
- Assets
- $72.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Falls City, NE
- Founding
- 08/1966
- Data as of
- 12/2021
- EIN
- 47-0154658
Organization Overview
Falls City Golf Course is located in Falls City, NE. The organization was established in 1966. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Falls City Golf Course 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, Falls City Golf Course generated $8.5k 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 (33.9%) each year. All expenses for the organization totaled $11.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (32.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE GOLF AMENITIES AND SOCIAL OPPORTUNITIES TO ALL DUES-PAYING MEMBERS FROM THE FALLS CITY, NEBRASKA AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Gerweck President | 1 | $0 | |
Victor Hayworth Director | 1 | $0 | |
Nate Froeschl Director | 1 | $0 | |
Megan Goff Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $8,457 |
| Total Revenue | $8,457 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $540 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,823 |
| Total expenses | $11,363 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,716 |
| Other assets | $0 |
| Total assets | $72,060 |
| Total liabilities | $71,469 |
| Net assets or fund balances | $591 |
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