Hillcrest Country Club
- Assets
- $9.0m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 234
- Location
- Lincoln, NE
- Founding
- 05/1944
- Data as of
- 12/2023
- EIN
- 47-0190063
Organization Overview
Hillcrest Country Club is located in Lincoln, NE. The organization was established in 1944. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Hillcrest Country Club employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hillcrest 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, Hillcrest Country Club generated $5.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $4.7m during the year ending 12/2023. While expenses have increased by 4.8% 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
GOLF AND SOCIAL MEMBERSHIP CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RECREATION AND SOCIAL OPPORTUNITIES TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Sundquist President | OfficerTrustee | 1 | $0 |
Nic Haun Vice Preside | OfficerTrustee | 1 | $0 |
Sanford Pollack Secretary | OfficerTrustee | 1 | $0 |
Tj Casady Treasurer | OfficerTrustee | 1 | $0 |
Zach Stivrins Past Preside | OfficerTrustee | 1 | $0 |
Julie Robinson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,192,996 |
| 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 | $2,192,996 |
| Total Program Service Revenue | $678,172 |
| Investment income | $64,509 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,048 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,219,534 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,986,145 |
| 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 | $2,151,360 |
| Pension plan accruals and contributions | $26,848 |
| Other employee benefits | $91,580 |
| Payroll taxes | $196,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $750 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,268 |
| Advertising and promotion | $12,410 |
| Office expenses | $16,102 |
| Information technology | $46,805 |
| Royalties | $0 |
| Occupancy | $207,514 |
| Travel | $4,281 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,839 |
| Interest | $124,311 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $559,750 |
| Insurance | $51,569 |
| All other expenses | $411,647 |
| Total functional expenses | $4,703,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,177 |
| Savings and temporary cash investments | $1,451,259 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $972,090 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $258,232 |
| Prepaid expenses and deferred charges | $11,148 |
| Net Land, buildings, and equipment | $6,222,237 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,142 |
| Total assets | $8,960,285 |
| Accounts payable and accrued expenses | $269,398 |
| 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 | $2,789,937 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,246,193 |
| Total liabilities | $4,305,528 |
| Net assets without donor restrictions | $4,654,757 |
| 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 | $8,960,285 |