Laurel Golf Club
- Assets
- $5.4m
- Revenue
- $453.9k
- Investments
- $0.0
- Employees
- 82
- Location
- Laurel, MT
- Founding
- 10/1969
- Data as of
- 12/2021
- EIN
- 81-0299939
Organization Overview
Laurel Golf Club is located in Laurel, MT. The organization was established in 1969. 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 12/2021, Laurel Golf Club employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurel Golf 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, Laurel Golf Club generated $453.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $458.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.4%) per year over the past 7 years. 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
MEMBER OWNED PRIVATE GOLF CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAUREL GOLF CLUB IS A PRIVATE CLUB PROVIDING GOLF AND DINING FACILITIES PRIMARILY TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kee Dunning Vice President | OfficerTrustee | 0 | $0 |
Jesse Norman President | OfficerTrustee | 0 | $0 |
Bob Adkins Secretary | OfficerTrustee | 0 | $0 |
Francis Ricci Treasurer | OfficerTrustee | 0 | $0 |
Eric Holden Director | Trustee | 0 | $0 |
Drake Webinger Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $262,780 |
| 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 | $262,780 |
| Total Program Service Revenue | $35,185 |
| Investment income | $206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$532 |
| Net Gain/Loss on Asset Sales | $3,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $116,484 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $453,883 |
| 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 | $228,997 |
| Pension plan accruals and contributions | $6,450 |
| Other employee benefits | $18,335 |
| Payroll taxes | $25,702 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $6,440 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,135 |
| Insurance | $6,520 |
| All other expenses | $15,574 |
| Total functional expenses | $458,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$3 |
| Savings and temporary cash investments | $549,596 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,227,874 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,736 |
| Prepaid expenses and deferred charges | $13,039 |
| Net Land, buildings, and equipment | $3,128,351 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $414,871 |
| Total assets | $5,364,464 |
| Accounts payable and accrued expenses | $112,877 |
| Grants payable | $0 |
| Deferred revenue | $1,230,818 |
| 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 | $1,004,929 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,447 |
| Total liabilities | $2,367,071 |
| 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 | $2,997,393 |
| Total liabilities and net assets/fund balances | $5,364,464 |
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| Organization Name | Assets | Revenue |
|---|---|---|
The Summit League Inc Sioux Falls, SD | $12,416,599 | $5,663,074 |
Crane Creek Country Club Inc Boise, ID | $12,055,975 | $8,134,386 |
Minnehaha Country Club Sioux Falls, SD | $14,982,683 | $7,335,530 |
Hayden Lake Country Club Inc Hayden Lake, ID | $13,288,734 | $7,601,397 |
Yellowstone Country Club Billings, MT | $16,925,660 | $5,368,324 |
Fargo Country Club Inc Fargo, ND | $6,596,012 | $4,434,937 |
Meadow Lark Country Club Inc Great Falls, MT | $3,427,562 | $4,360,131 |
Blue Lakes Country Club Inc Twin Falls, ID | $5,858,115 | $3,926,859 |
Crosscut Mountain Sports Center Inc Bozeman, MT | $22,822,828 | $2,797,644 |
Dakota Dunes Country Club Dakota Dunes, SD | $9,451,517 | $2,826,381 |
Cheyenne Country Club Cheyenne, WY | $3,754,776 | $3,446,584 |
Tnt Kids Fitness Fargo, ND | $7,991,266 | $3,892,902 |