SPRI501(c)(7) · MEDIUMNAICS 713910EIN 42-0618201
Springbrook Country Club
De Witt, IA · founded 1960
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$799k
▲ 8.1% YoY
FY23 Total Expenses
$844k
▲ 5.0% YoY
Operating Margin
-5.7%
revenue minus expenses ÷ revenue
Employees
31
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$799K
▲ 39.0% / 5y
Expenses
$844K
▲ 64.7% / 5y
Total Assets
$1.3M
▲ 30.7% / 5y
Total Liabilities
$584K
▲ 171.3% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $574K | $711K | $711K | $738K | $799K | +39.0% |
| Expenses | $512K | $731K | $731K | $804K | $844K | +64.7% |
| Net surplus | $62K | -$20K | -$20K | -$65K | -$45K | -173.2% |
| Total assets | $984K | $1.3M | $1.3M | $1.3M | $1.3M | +30.7% |
| Total liabilities | $215K | $458K | $458K | $599K | $584K | +171.3% |
| Net assets | $768K | $809K | $809K | $747K | $702K | -8.7% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 7 unpaid officers/directors as reported (ADAM FELDMAN, CHRISTY KUNZ, DAVE KIRBY, +4 more)
All 7 listed officers reported $0 compensation — volunteer board.
Top contractors
FY23 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $473,976 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$502K
▼ $23K paid down
Net land, buildings & equipment
$1.2M
book value, net of depreciation
Facility age
30%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $28,857 |
| Depreciation & depletion | $100,549 |
| Advertising & promotion | $1,103 |
| Office expenses | $2,138 |
| Accounting fees | $11,421 |
SFounded in 1960, Springbrook Country Club reported $799k of revenue for FY23, at an operating margin of -5.7%. Revenue moved up 8.1% 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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