CRED501(c)(7) · MEDIUMNAICS 713910EIN 42-0172960

Cedar Rapids Country Club

Cedar Rapids, IA · founded 1958
13 filings on recordFY 20122024medium confidence
FY24 Total Revenue
$7.82M
▲ 12.7% YoY
FY24 Total Expenses
$6.82M
▲ 10.8% YoY
Operating Margin
12.8%
revenue minus expenses ÷ revenue
Employees
247
headcount as reported on filing

The Five-Year Picture

FY2020 — FY2024 · as filed
Revenue
$7.8M
▲ 41.0% / 5y
5.56.86.86.97.8
Expenses
$6.8M
▲ 29.0% / 5y
5.35.55.56.26.8
Total Assets
$17.2M
▲ 66.1% / 5y
10.415.315.316.417.2
Total Liabilities
$6.4M
▲ 53.8% / 5y
4.26.36.36.66.4

Year-on-year detail

from IRS Form 990
LineFY20FY21FY22FY23FY24Δ total
Revenue$5.5M$6.8M$6.8M$6.9M$7.8M+41.0%
Expenses$5.3M$5.5M$5.5M$6.2M$6.8M+29.0%
Net surplus$258K$1.3M$1.3M$780K$997K+287.0%
Total assets$10.4M$15.3M$15.3M$16.4M$17.2M+66.1%
Total liabilities$4.2M$6.3M$6.3M$6.6M$6.4M+53.8%
Net assets$6.2M$9.0M$9.0M$9.8M$10.8M+74.4%

Officer & staff compensation

FY24 · from IRS Form 990
Officer · EmployeeReportableOther
THOMAS J FELLER
General Manager· 40h/wk
$179,089$33,869
LUCAS DONAH
DIRECTOR OF INSTRUCTION· 40h/wk
$137,380$23,136
PAUL WILLENBRING
Beverage Manager· 40h/wk
$121,608$13,927
KATHY DEARBORN
Controller· 40h/wk
$107,571$9,932
THOMAS H FELLER
Golf Course Superintendent· 40h/wk
$100,249$26,637

+ 12 unpaid officers/directors as reported (ADAM MASKE, ELIZABETH MITCHELL, ERICK SKOGMAN, +9 more)

Top contractors

FY24 · vendors paid $100k+ as reported

No contractors reported.

Revenue by activity

FY24 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBERSHIP DUES$4,103,226
DINING ROOM$889,737
GOLF PROGRAM$789,143
NON MEMBER SALES$477,279
INITIATION FEES$151,645

CFounded in 1958, Cedar Rapids Country Club reported $7.82M of revenue for FY24, at an operating margin of 12.8%. Revenue moved up 12.7% 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
Form 990, FY2024 · period ending Wed Jan 31 2024 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2023 · period ending Tue Jan 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Mon Jan 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
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