Holdrege Country Club
- Assets
- $783.0k
- Revenue
- $524.5k
- Investments
- $0.0
- Employees
- 21
- Location
- Holdrege, NE
- Founding
- 08/1934
- Data as of
- 09/2021
- EIN
- 47-0191706
Organization Overview
Holdrege Country Club is located in Holdrege, NE. The organization was established in 1934. 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 09/2021, Holdrege Country Club employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holdrege 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 09/2021, Holdrege Country Club generated $524.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $479.8k during the year ending 09/2021. 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
PROVIDE A SAFE AND COMFORTABLE PLACE FOR SOCIAL AND RECREATIONAL ACTIVTIES FOR MEMBERS AND THE PUBLIC. GOLF IS THE PRIMARY SPORT. FOOD AND BEVERAGES PROVIDED AS WELL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF TOURNAMENTS DURING THE SEASON FOR ALL AGE GROUPS.
REGULAR GOLFING OPPORTUNITIES FOR THE PUBLIC, MEMBERS, LOCALS AND VISITORS; INCLUDES THE LOCAL HIGH SCHOOL GOLF TEAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reed Waller President | OfficerTrustee | 2 | $0 |
Tim Hill Board Member | Trustee | 2 | $0 |
Sandy Kraus Board Member | Trustee | 2 | $0 |
Flip Kidder Board Member | Trustee | 2 | $0 |
Ethan Sorenson Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $257,682 |
| Fundraising events | $5,038 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,489 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $316,209 |
| Total Program Service Revenue | $110,976 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $4,900 |
| Net Income from Sales of Inventory | $90,722 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $524,531 |
| 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 | $200,789 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,818 |
| Payroll taxes | $16,602 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $950 |
| Fees for services: Accounting | $140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,448 |
| Advertising and promotion | $564 |
| Office expenses | $533 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,118 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,189 |
| Insurance | $8,908 |
| All other expenses | $20,620 |
| Total functional expenses | $479,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,230 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,409 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,717 |
| Prepaid expenses and deferred charges | $1,760 |
| Net Land, buildings, and equipment | $584,874 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $782,990 |
| Accounts payable and accrued expenses | $23,616 |
| 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 | $135,121 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $158,737 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $240,889 |
| Paid-in or capital surplus, or land, building, or equipment fund | $352,881 |
| Retained earnings, endowment, accumulated income, or other funds | $30,483 |
| Total liabilities and net assets/fund balances | $782,990 |
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