Iron Horse Golf Club Inc
- Assets
- $32.1m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 284
- Location
- Whitefish, MT
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 81-0524959
Organization Overview
Iron Horse Golf Club Inc is located in Whitefish, MT. The organization was established in 2017. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Iron Horse Golf Club Inc employed 284 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iron Horse Golf Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Iron Horse Golf Club Inc generated $10.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $10.4m during the year ending 12/2023. While expenses have increased by 4.4% 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
IRON HORSE GOLF CLUB OPERATES A PRIVATE COUNTRY CLUB FOR THE RECREATION, PLEASURE, AND BENEFIT OF ITS MEMBERS AND THEIR GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUB ACTIVITIES: THE CLUB PROVIDES GOLF, TENNIS, FITNESS, AQUATIC, AND MARINA SERVICES TO ITS MEMBERS AND GUESTS.
DINING ACTIVITIES: THE CLUB PROVIDES FOOD AND BEVERAGE SERVICES TO ITS MEMBERS AND GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robb Voyles President | OfficerTrustee | 2 | $0 |
Jonny Jones Vice President | OfficerTrustee | 2 | $0 |
Ryan Burke Treasurer | OfficerTrustee | 2 | $0 |
Randall Phillips Director | Trustee | 2 | $0 |
Eileen Bocci-Campbell Director | Trustee | 2 | $0 |
Greg Hetzer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,798,200 |
| 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 | $7,798,200 |
| Total Program Service Revenue | $1,980,578 |
| Investment income | $55,700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,643 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $560,919 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,449,634 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,817 |
| 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 | $5,023,606 |
| Pension plan accruals and contributions | $28,710 |
| Other employee benefits | $315,570 |
| Payroll taxes | $536,786 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,829 |
| Fees for services: Accounting | $24,771 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,365 |
| Advertising and promotion | $395,982 |
| Office expenses | $9,271 |
| Information technology | $75,025 |
| Royalties | $0 |
| Occupancy | $27,046 |
| Travel | $8,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,759 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,220,648 |
| Insurance | $278,758 |
| All other expenses | $1,073,181 |
| Total functional expenses | $10,419,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $618,896 |
| Savings and temporary cash investments | $3,350,241 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $639,468 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $384,049 |
| Prepaid expenses and deferred charges | $138,215 |
| Net Land, buildings, and equipment | $25,877,310 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $77 |
| Other assets | $1,050,743 |
| Total assets | $32,058,999 |
| Accounts payable and accrued expenses | $1,712,017 |
| Grants payable | $0 |
| Deferred revenue | $3,615,000 |
| 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 | $603,914 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $623,335 |
| Total liabilities | $6,554,266 |
| 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 | $25,504,733 |
| Total liabilities and net assets/fund balances | $32,058,999 |