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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

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

Cedar Rapids Country Club

Cedar Rapids, IA · founded 1958

13 filings on recordFY 2012–2024medium confidence

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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

Expenses

$6.8M

▲ 29.0% / 5y

Total Assets

$17.2M

▲ 66.1% / 5y

Total Liabilities

$6.4M

▲ 53.8% / 5y

Year-on-year detail

from IRS Form 990

Line	FY20	FY21	FY22	FY23	FY24	Δ 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 · Employee	Reportable	Other
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 item	Amount
MEMBERSHIP DUES	$4,103,226
DINING ROOM	$889,737
GOLF PROGRAM	$789,143
NON MEMBER SALES	$477,279
INITIATION FEES	$151,645

Balance sheet & capital

FY24 · IRS Form 990, Part X

Mortgages & notes payable

$2.5M

▼ $158K paid down

Net land, buildings & equipment

$15.1M

book value, net of depreciation

Facility age

45%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY24 · Form 990, Part IX

Insurance	$7,762
Occupancy	$726,437
Depreciation & depletion	$1,006,189
Information technology	$4,800
Office expenses	$98,065
Accounting fees	$27,715
Other professional fees	$38,770

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

THE CEDAR RAPIDS COUNTRY CLUB RETIREMENT SAVINGS PLAN

pension · 37 participants · $1.3M assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

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)

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