Happy Hollow Club
- Assets
- $16.3m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 384
- Location
- Omaha, NE
- Founding
- 05/1959
- Data as of
- 11/2023
- EIN
- 47-0365283
Organization Overview
Happy Hollow Club is located in Omaha, NE. The organization was established in 1959. 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 11/2023, Happy Hollow Club employed 384 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Happy Hollow Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 11/2023, Happy Hollow Club generated $13.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $13.5m during the year ending 11/2023. While expenses have increased by 5.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CLUB ORGANIZED FOR SOCIAL, RECREATIONAL AND OTHER ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Thomas President | OfficerTrustee | 1 | $0 |
Steve Olsen Vice President | OfficerTrustee | 1 | $0 |
Trevor Kula Treasurer | OfficerTrustee | 1 | $0 |
Elizabeth Langan Secretary | OfficerTrustee | 1 | $0 |
Dan Guinan Director | Trustee | 1 | $0 |
Terese Jung Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,233,454 |
| 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 | $7,233,454 |
| Total Program Service Revenue | $2,262,626 |
| Investment income | $32,407 |
| 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 | $0 |
| Net Income from Sales of Inventory | $3,606,790 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,135,277 |
| 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. | $860,707 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,479,243 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $735,813 |
| Payroll taxes | $560,361 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $303,381 |
| Advertising and promotion | $0 |
| Office expenses | $835,412 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $646,267 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,663 |
| Interest | $282,749 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,695,964 |
| Insurance | $386,726 |
| All other expenses | $506,782 |
| Total functional expenses | $13,528,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,300 |
| Savings and temporary cash investments | $1,126,968 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $894,889 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $678,935 |
| Prepaid expenses and deferred charges | $58,045 |
| Net Land, buildings, and equipment | $13,386,495 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $129,693 |
| Total assets | $16,277,325 |
| Accounts payable and accrued expenses | $512,288 |
| 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 | $6,686,041 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,377,375 |
| Total liabilities | $8,575,704 |
| Net assets without donor restrictions | $7,701,621 |
| 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 | $16,277,325 |