Elmcrest Golf & Country Club in Cedar Rapids, Iowa (IA)

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Elmcrest Golf & Country Club
Employer Identification Number (EIN)420651987
Name of OrganizationElmcrest Golf & Country Club
Address1000 36th St Ne, Cedar Rapids, IA 52402-3614
ActivitiesCountry club
SubsectionPleasure, Recreational, or Social Club
Ruling Date06/1959
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period10/2011
Assets$5,000,000 to $9,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$5,746,668
Amount of Income$5,464,709
Form 990 Revenue Amount$5,424,402
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Recreational, Pleasure, or Social Club


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Amount of income in 2011: $5,464,709
This organization: 

 $5,464,709
Other organizations performing similar types of work: 

 $3,158,747

Assets in 2011: $5,746,668
This organization: 

 $5,746,668
Other organizations performing similar types of work: 

 $4,103,003

Expenses in 2002: $4,480,835
This organization: 

 $4,480,835
Other organizations performing similar types of work: 

 $2,661,845

Income to expenses ratio in 2002: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.0

Number of employees in 2002: 91
This organization: 

 91
Other organizations performing similar types of work: 

 58

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002
Total revenue$4,578,560$4,155,484$4,246,352
Contributions, gifts, grants, and similar amounts received$0$0$0
Contributions to donor advised funds
Direct public support$0$0$0
Indirect public support$0$0$0
Government contributions (grants)$0$0$0
Program service revenue including government fees and contracts$1,946,675$1,856,175$1,988,210
Membership dues and assessments$2,643,077$2,291,727$2,245,753
Interest on savings and temporary cash investments$0$0$0
Dividends and interest from securities$0$0$0
Net rental income or (loss)$-6,658$-3,348$-5,088
Gross rents$13,801$13,800$13,800
Less: rental expenses$20,459$17,148$18,888
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$-22,365$-7,903$-11,996
Gross amount from sales of assets other than inventory$5,291$1,000$0
Less: cost or other basis and sales expenses$27,656$8,903$11,996
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$17,831$18,833$29,473
Total expenses$4,827,589$4,485,730$4,480,835
Program services$0$0$0
Management and general$0$0$0
Fundraising$0$0$0
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$2,056,369$1,681,742$1,358,486
Excess or (deficit) for the year$-249,029$-330,246$-234,483
Net assets or fund balances at beginning of year$2,401,596$2,056,369$1,681,742
Other changes in net assets or fund balances$-96,198$-44,381$-88,773
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$4,480,835$0$0$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$1,812,105$0$0$0
Pension plan contributions not included above$23,727$0$0$0
Employee benefits not included above$83,661$0$0$0
Payroll taxes$172,752$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$33,673$0$0$0
Legal fees$0$0$0$0
Supplies$238,538$0$0$0
Telephone$17,275$0$0$0
Postage and shipping$10,576$0$0$0
Occupancy$97,253$0$0$0
Equipment rental and maintenance$90,517$0$0$0
Printing and publications$29,301$0$0$0
Travel$1,841$0$0$0
Conferences, conventions, and meetings$4,168$0$0$0
Interest$213,743$0$0$0
Depreciation, depletion, etc.$456,042$0$0$0
Other expenses not covered above$1,195,663$0$0$0
Balance Sheets
200020012002
Total assets$7,623,106$7,281,922$7,173,904
Cash - non-interest-bearing$172,048$104,173$136,095
Savings and temporary cash investments$0$0$0
Accounts receivable less allowance for doubtful accounts$544,429$577,719$672,698
Pledges receivable less allowance for doubtful accounts$0$0$0
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0
Inventories for sale or use$42,109$41,406$46,136
Prepaid expenses and deferred charges$22,495$40,407$56,034
Investments - publicly-traded securities
Investments - other securities$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$31,670$36,477$40,712
Land, buildings, and equipment less accumulated depreciation$6,810,355$6,481,740$6,222,229
Other assets, including program-related investments$0$0$0
Total liabilities$5,566,737$5,600,180$5,815,418
Accounts payable and accrued expenses$580,743$344,692$752,230
Grants payable$0$0$0
Deferred revenue$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$4,779,851$4,770,840$4,820,117
Other liabilities$206,143$484,648$243,071
Total liabilities and net assets/fund balances$7,623,106$7,281,922$7,173,904
Total net assets or fund balances$2,056,369$1,681,742$1,358,486
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002
Total revenue$4,578,560$4,155,484$4,246,352
Total revenue, gains, and other support per audited financial statements$4,621,384$4,180,535$4,277,236
Other expenses$42,824$25,051$30,884
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$42,824$25,051$30,884
Other revenue$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002
Total expenses$4,827,589$4,485,730$4,480,835
Total expenses and losses per audited financial statements$4,870,413$4,510,781$4,511,719
Other revenue$42,824$25,051$30,884
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$42,824$25,051$30,884
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$211,500
Gross receipts for public use of club facilities$172,043
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 200691
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$196,366$17,477$4,032,509
Program service revenue
Program service revenue 1Golf courses and country clubs$29,41100$0$78,133
Program service revenue 2000000$000$0$23,674
Program service revenue 3000000$000$0$38,799
Program service revenue 4000000$000$0$503,347
Program service revenue 5Full-service restaurants$172,04300$0$1,142,803
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$2,245,753
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed propertyLessors of residential buildings and dwellings$-5,08800$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-11,996$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$29,473$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
199920002001
Total$0$0$0
Gifts, grants, and contributions received$0$0$0
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$579,594
Gross receipts for public use of club facilities $299,438
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$5,424,402
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$5,389,495
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$5,999
Gross rents (Real / Personal)$42,875 / $0
Less: rental expenses (Real / Personal)$36,876 / $0
Rental income or (loss) (Real / Personal)$5,999 / $0
Net loss from sales of assets other than inventory$-3,431
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $3,431
Gain or (loss) (Securities / Other)$0 / $-3,431
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$32,339
Statement of Functional Expenses (for 2011)
Total functional expenses$5,403,845
Compensation of current officers, directors, trustees, and key employees$99,157
Other salaries and wages$2,143,351
Payroll taxes$220,266
Professional fundraising services$0
Other$2,941,071
Balance Sheet (for 2011)
Total assets$5,746,668
Total liabilities$5,229,562
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$3,968,509
Unsecured notes and loans payable to unrelated third parties$0
Other$1,261,053
Total net assets or fund balances$517,106
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Northwestern University, Society Of Women Engineers2145 Sheridan Road Room L291, Evanston, IL 60208-3102IL1945-05$3,493,558,140
2Prairie Meadows Race Track & Casino Inc1 Prairie Meadows Dr, Altoona, IA 50009-2100IA1989-03$2,196,058,509
3Elderhostel Inc, Dba Road Scholar11 Avenue De Lafayette, Boston, MA 02111-1736MA1978-04$218,145,338
4New York Athletic Club180 Central Park S, New York, NY 10019-1562NY1934-11$56,800,736
5University Club1 W 54th St, New York, NY 10019-5404NY1934-09$55,552,448
6Olympic Club524 Post St, San Francisco, CA 94102-1229CA1958-03$51,592,996
7Boca West Country Club20583 Boca West Dr, Boca Raton, FL 33434-4708FL1992-12$47,751,276
8Jonathan Club545 S Figueroa St, Los Angeles, CA 90071-1704CA1974-04$40,022,309
9Toastmasters International, Achievers Club 29036121 Nw 41 Dr, Coral Springs, FL 33067FL1945-05$37,183,367
10The Union League Of Philadelphia140 S Broad St, Philadelphia, PA 19102-3003PA1918-11$34,552,822
11Yale Club Of New York City50 Vanderbilt Avenue, New York City, NY 10017-3803NY1930-07$34,541,304
12Harvard Club Of New York City27 W 44th St, New York, NY 10036-6613NY1942-01$33,485,331
13Des Moines Golf And Country Club, Not Pf Filer1600 Jordan Creek Parkway, West Des Moines, IA 50266-5833IA1993-11$12,790,539
14Wakonda Club3915 Fleur Dr, Des Moines, IA 50321-2120IA1951-05$5,800,881
15Cedar Rapids Country Club550 27th Street Dr Se, Cedar Rapids, IA 52403-1636IA1958-07$5,570,340
16Elmcrest Golf & Country Club1000 36th St Ne, Cedar Rapids, IA 52402-3614IA1959-06$5,464,709
17Dubuque Golf And Country Club1800 Randall Pl, Dubuque, IA 52003-7264IA1975-05$3,277,276
18Outing Club2109 Brady St, Davenport, IA 52803-2949IA1934-08$2,657,412
19Sioux City Country Club Corp4001 Jackson St, Sioux City, IA 51104-1464IA1942-10$2,528,551
20Cutty Okoboji Resort Club1528 Highway 86, Spirit Lake, IA 51360-7215IA1991-04$2,190,897
21Carroll Country Club Inc20069 Olympic Ave, Carroll, IA 51401-8550IA1943-05$819,606
22Fairfield Golf & Country Club905 E Harrison Ave, Fairfield, IA 52556-3710IA1962-03$662,111
23University Athletic Club Inc Melrose AvePO BOX 1068, Iowa City, IA 52244-1068IA1963-04$425,625
24Clarinda Country Club1400 N 16th St, Clarinda, IA 51632-1105IA1945-08$399,131
25Mt Pleasant Golf & Country Club 3 Mi Nw Of Po On Rt 32275 Hickory Ave, Mt Pleasant, IA 52641-8504IA1945-03$381,754
26Monticello Golf ClubPO BOX 173, Monticello, IA 52310-0173IA1979-06$323,795
27Mount Ayr Golf & Country Club Inc2343 230th Ave, Mount Ayr, IA 50854IA1978-06$135,498
28Little Sioux Golf And Country ClubPO BOX 413, Sioux Rapids, IA 50585-0413IA1972-07$117,675
29Quad-City Plus 60 Firendship Club500 E 3rd St, Davenport, IA 52801-1708IA1976-03$113,411
30Elmhurst Country ClubOskaloosa, IA 52577IA$60,848
Number of organizations performing similar types of work
Alaska3
Alabama18
Arkansas11
Arizona48
California238
Colorado25
Connecticut63
District of Columbia21
Delaware14
Florida136
Georgia62
Hawaii9
Iowa26
Idaho7
Illinois117
Indiana39
Kansas20
Kentucky16
Louisiana21
Massachusetts82
Maryland58
Maine14
Michigan76
Minnesota29
Missouri43
Mississippi9
Montana3
North Carolina72
North Dakota5
Nebraska9
New Hampshire8
New Jersey72
New Mexico13
Nevada12
New York150
Ohio87
Oklahoma12
Oregon24
Pennsylvania122
Rhode Island17
South Carolina28
South Dakota3
Tennessee29
Texas130
Utah12
Virginia86
Vermont5
Washington60
Wisconsin31
West Virginia5
Wyoming5
International1
Total2,206

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