Exchange City Golf Corporation Ecgc
- Assets
- $810.9k
- Revenue
- $617.9k
- Investments
- $0.0
- Employees
- 30
- Location
- Billings, MT
- Founding
- 09/1979
- Data as of
- 12/2021
- EIN
- 81-0384139
Organization Overview
Exchange City Golf Corporation Ecgc is located in Billings, MT. The organization was established in 1979. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Exchange City Golf Corporation Ecgc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Exchange City Golf Corporation Ecgc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Exchange City Golf Corporation Ecgc generated $617.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $490.4k during the year ending 12/2021. While expenses have increased by 1.2% 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
MANAGE AND OPERATE THE GOLF COURSE FOR THE CITY OF BILLINGS, MONTANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROMOTION OF OUTDOOR RECREATION THROUGH THE MANAGEMENT AND MAINTENANCE OF A GOLF COURSE FOR THE CITY OF BILLINGS, MT
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trent Gardner President | OfficerTrustee | 1 | $0 |
Jan Purcell Secretary | OfficerTrustee | 1 | $0 |
Ron Cole Vice President | OfficerTrustee | 1 | $0 |
Toby Walker Director | Trustee | 1 | $0 |
Mike Whitaker 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $617,857 |
| Investment income | $15 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $617,872 |
| 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 | $198,537 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,050 |
| Payroll taxes | $16,719 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,107 |
| Office expenses | $2,601 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,587 |
| Travel | $2,944 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $73 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,163 |
| Insurance | $12,291 |
| All other expenses | $48,479 |
| Total functional expenses | $490,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,282 |
| Savings and temporary cash investments | $80,580 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,017 |
| Net Land, buildings, and equipment | $432,377 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $660 |
| Total assets | $810,916 |
| Accounts payable and accrued expenses | $31,828 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,828 |
| Net assets without donor restrictions | $779,088 |
| 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 | $810,916 |
Grants Awarded
Over the last fiscal year, Exchange City Golf Corporation Ecgc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF BILLINGS PURPOSE: PROGRAM SERVICES GRANT | $20,000 |
EXCHANGE CLUB OF BILLINGS PURPOSE: PROGRAM SERVICES GRANT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iron Horse Golf Club Inc Whitefish, MT | $30,245,229 | $9,785,179 |
Hillcrest Country Club Inc Boise, ID | $12,228,701 | $5,954,612 |
Kalispell Golf Association End Of North Main St Kalispell, MT | $2,936,186 | $2,438,212 |
Golf Minot Inc Minot, ND | $8,324,634 | $1,508,642 |
Old Works Golf Course Inc Anaconda, MT | $1,606,341 | $1,629,598 |
Idaho Golf Association Inc Boise, ID | $468,210 | $1,174,464 |
Minot Junior Golf Association Inc Minot, ND | $6,199,667 | $1,820,730 |
Hamilton Golf Club Hamilton, MT | $364,657 | $752,513 |
South Heart Golf Course Building Authority South Heart, ND | $1,623,652 | $566,740 |
South Dakota Golf Association Sioux Falls, SD | $584,062 | $682,291 |
Whetstone Creek Golf Course Milbank, SD | $1,410,840 | $569,624 |
Dunn County Golf Association Killdeer, ND | $1,307,968 | $517,711 |