Albion Country Club Incorporated
- Assets
- $1.0m
- Revenue
- $634.6k
- Investments
- $0.0
- Employees
- 32
- Location
- Albion, NE
- Founding
- 01/1948
- Data as of
- 09/2023
- EIN
- 47-0389210
Organization Overview
Albion Country Club Incorporated is located in Albion, NE. The organization was established in 1948. 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 09/2023, Albion Country Club Incorporated employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albion Country Club Incorporated is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2023, Albion Country Club Incorporated generated $634.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $510.1k during the year ending 09/2023. While expenses have increased by 1.7% 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
RECREATIONAL CLUB FOR THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A RECREATIONAL CLUB FOR THE LOCAL COMMUNITY WHICH INCLUDES A GOLF COURSE, SOCIAL LOCATION, DINING ESTABLISHMENT AND LOUNGE.
TO PROVIDE A RECREATIONAL CLUB FOR THE LOCAL COMMUNITY WHICH INCLUDES A GOLF COURSE, SOCIAL LOCATION, DINING ESTABLISHMENT AND LOUNGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beau Beckwith Director | Trustee | 1 | $0 |
Claire Kayton Vice-Preside | OfficerTrustee | 1 | $0 |
Brian Liss President | OfficerTrustee | 1 | $0 |
Anthony Michael Director | Trustee | 1 | $0 |
Emily Olson Director | Trustee | 1 | $0 |
Ellie Wolf Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,548 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,548 |
| Total Program Service Revenue | $263,297 |
| Investment income | $2,104 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,720 |
| Net Gain/Loss on Asset Sales | -$1,887 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $13,234 |
| Net Income from Sales of Inventory | $285,826 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $634,567 |
| 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 | $240,518 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $413 |
| Payroll taxes | $24,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $9,105 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,065 |
| Advertising and promotion | $5,504 |
| Office expenses | $3,112 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,993 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,760 |
| Insurance | $21,334 |
| All other expenses | $49,304 |
| Total functional expenses | $510,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,898 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,238 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,672 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $766,258 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $219 |
| Other assets | $0 |
| Total assets | $1,045,285 |
| Accounts payable and accrued expenses | $15,158 |
| Grants payable | $0 |
| Deferred revenue | $41,694 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $97,496 |
| Total liabilities | $154,348 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $90,500 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $800,437 |
| Total liabilities and net assets/fund balances | $1,045,285 |