Traverse City Curling Club Inc
- Assets
- $7.8m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 08/2014
- Data as of
- 06/2023
- EIN
- 47-1198276
Organization Overview
Traverse City Curling Club Inc is located in Traverse City, MI. The organization was established in 2014. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Traverse City Curling Club Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Traverse City Curling Club Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 60.7% each year . All expenses for the organization totaled $882.0k during the year ending 06/2023. While expenses have increased by 46.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE TRAVERSE CITY CURLING CLUB IS TO PROMOTE LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL COMPETITION IN THE SPORT OF CURLING AND TO OWN AND/OR PROVIDE GROUNDS, BUILDINGS, EQUIPMENT, AND FACILITIES FOR THIS USE, AND TO EDUCATE THE COMMUNITY ABOUT THE SPORT OF CURLING. BUILDING A STRONG COMMUNITY THROUGH THE SPORT OF CURLING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDED AN INTRODUCTION TO THE SPORT OF CURLING TO THE COMMUNITY AND CONTINUES PROMOTING THE SPORT AND LEAGUE PLAY. THE CURLING CLUB WAS ABLE TO HOST OUR FIRST OPENING CEREMONY AND OUR ANNUAL TOURNAMENT, THE CHERRY BOMBSPIEL, IN OUR OWN VENUE IN APRIL. WE WELCOMED HUNDREDS OF COMMUNITY MEMBERS INTO OUR CLUB TO SEE THE FACILITY, MEET VISITING OLYMPIC CURLERS AND SHOWCASE THE SPORT OF CURLING. OVER 60 VOLUNTEERS HELPED RUN THESE EVENTS. WE ALSO HOSTED OUR FIRST 5-WEEK SPRING LEAGUE FOR ADULTS IN MAY AND HOSTED MANY BEGINNER CURLER CLASSES FOR NON-CLUB MEMBERS TO TRY CURLING TO PREPARE MORE PEOPLE TO JOIN THE CLUB AS MEMBERS AND LEAGUE PLAYERS IN THE NEXT YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Almquist President | OfficerTrustee | 8 | $0 |
Lowell Gruman Treasurer | OfficerTrustee | 5.5 | $0 |
Kevin Byrne Vice President | OfficerTrustee | 5.5 | $0 |
Daniel Ladd Secretary | OfficerTrustee | 2 | $0 |
Kevin Query Board Member | Trustee | 5 | $0 |
David Kolonay Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,667 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,000,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $318,994 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,345,661 |
| Total Program Service Revenue | $79,651 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,290 |
| 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 | $13,094 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,448,231 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $88,533 |
| Fees for services: Legal | $24,412 |
| Fees for services: Accounting | $5,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,921 |
| Office expenses | $45,848 |
| Information technology | $7,725 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,335 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,142 |
| Interest | $219,242 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $167,872 |
| Insurance | $28,529 |
| All other expenses | $60,325 |
| Total functional expenses | $881,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,344 |
| Savings and temporary cash investments | $500 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $400 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,372 |
| Inventories for sale or use | $7,140 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,753,885 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,000 |
| Other assets | $0 |
| Total assets | $7,826,641 |
| Accounts payable and accrued expenses | $737,978 |
| Grants payable | $0 |
| Deferred revenue | $51,671 |
| 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 | $4,894,516 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $81,084 |
| Total liabilities | $5,765,249 |
| Net assets without donor restrictions | $2,061,392 |
| 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 | $7,826,641 |