Norfolk Country Club
- Assets
- $5.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 76
- Location
- Norfolk, NE
- Founding
- 07/1958
- Data as of
- 12/2021
- EIN
- 47-0253002
Organization Overview
Norfolk Country Club is located in Norfolk, NE. The organization was established in 1958. 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 12/2021, Norfolk Country Club employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norfolk 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 12/2021, Norfolk Country Club generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SOCIAL & RECREATIONAL PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
STAFFING AND MAINTENANCE OF CLUB FACILITIES AND ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Pospisil President | OfficerTrustee | 1 | $0 |
John Lund Vice President | OfficerTrustee | 1 | $0 |
Andy Swanson Treasurer | OfficerTrustee | 1 | $0 |
Wilson Long Secretary | OfficerTrustee | 1 | $0 |
Klay Kluver Director | Trustee | 1 | $0 |
Jake Claussen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $917,338 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $384,950 |
| All other contributions, gifts, grants, and similar amounts not included above | $201,285 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,503,573 |
| Total Program Service Revenue | $39,902 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,753 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $138,006 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,715,235 |
| 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 | $417,284 |
| Pension plan accruals and contributions | $10,972 |
| Other employee benefits | $33,459 |
| Payroll taxes | $55,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,491 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,979 |
| Office expenses | $73,882 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,755 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,419 |
| Interest | $74,828 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $142,736 |
| Insurance | $27,351 |
| All other expenses | $3,103 |
| Total functional expenses | $1,283,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,597 |
| Savings and temporary cash investments | $1,230 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $240,245 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $65,079 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,873,251 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,208,402 |
| Accounts payable and accrued expenses | $143,361 |
| Grants payable | $0 |
| Deferred revenue | $59,548 |
| 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 | $2,549,396 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,752,305 |
| 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 | $2,456,097 |
| Total liabilities and net assets/fund balances | $5,208,402 |
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