SOAN501(c)(7) · MEDIUMNAICS 713910EIN 37-0523530
Soangetaha Country Club
Galesburg, IL · founded 1945
14 filings on recordFY 2011–2024medium confidence
Compare to peers →FY24 Total Revenue
$2.42M
▲ 75.0% YoY
FY24 Total Expenses
$1.49M
▼ 4.3% YoY
Operating Margin
38.4%
revenue minus expenses ÷ revenue
Employees
50
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2024 · as filed
Revenue
$2.4M
▲ 47.9% / 5y
Expenses
$1.5M
▲ 15.4% / 5y
Total Assets
$3.0M
▲ 55.5% / 5y
Total Liabilities
$301K
▼ 33.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY22 | FY23 | FY24 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.6M | $1.6M | $1.7M | $1.4M | $2.4M | +47.9% |
| Expenses | $1.3M | $1.3M | $1.4M | $1.6M | $1.5M | +15.4% |
| Net surplus | $344K | $344K | $309K | -$175K | $929K | +170.2% |
| Total assets | $2.0M | $2.0M | $2.3M | $2.1M | $3.0M | +55.5% |
| Total liabilities | $452K | $452K | $285K | $250K | $301K | -33.5% |
| Net assets | $1.5M | $1.5M | $2.0M | $1.8M | $2.7M | +82.2% |
Officer & staff compensation
FY24 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
BRAD FRIEND GENERAL MANAGERGOLF PROFESSI· 50h/wk | $86,250 | — |
+ 10 unpaid officers/directors as reported (ADAM TURNER, DOUG MOORE, JOHN DREDGE, +7 more)
Top contractors
FY24 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY24 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $1,241,310 |
| CART RENTAL | $66,055 |
| GREEN FEES | $58,595 |
| LICENSE FEES | $39,675 |
| POOL FEES | $19,268 |
Balance sheet & capital
FY24 · IRS Form 990, Part X
Mortgages & notes payable
$29K
▲ $17K new borrowing
Net land, buildings & equipment
$1.2M
book value, net of depreciation
Facility age
79%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
Professionally managedFY24 · Form 990, Part IX
| Management fees | $1,000 |
| Insurance | $23,168 |
| Depreciation & depletion | $96,693 |
| Office expenses | $37,650 |
SFounded in 1945, Soangetaha Country Club reported $2.42M of revenue for FY24, at an operating margin of 38.4%. Revenue moved up 75.0% against the prior posted return. Every figure on this page is drawn from the club’s Form 990 as filed; a dash marks a value the filing did not report.
Source documents
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