ELMC501(c)(7) · MEDIUMNAICS 713910EIN 42-0651987

Elmcrest Golf & Country Club

Cedar Rapids, IA · founded 1959
13 filings on recordFY 20112023medium confidence
FY23 Total Revenue
$6.48M
▲ 1.4% YoY
FY23 Total Expenses
$6.36M
▲ 8.8% YoY
Operating Margin
2.0%
revenue minus expenses ÷ revenue
Employees
199
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$6.5M
▲ 42.4% / 5y
4.64.37.46.46.5
Expenses
$6.4M
▲ 35.1% / 5y
4.74.75.35.86.4
Total Assets
$8.5M
▲ 19.3% / 5y
7.27.58.68.78.5
Total Liabilities
$8.7M
▼ 10.6% / 5y
9.810.59.49.08.7

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$4.6M$4.3M$7.4M$6.4M$6.5M+42.4%
Expenses$4.7M$4.7M$5.3M$5.8M$6.4M+35.1%
Net surplus-$155K-$377K$2.1M$549K$128K-182.6%
Total assets$7.2M$7.5M$8.6M$8.7M$8.5M+19.3%
Total liabilities$9.8M$10.5M$9.4M$9.0M$8.7M-10.6%
Net assets-$2.6M-$3.0M-$858K-$332K-$173K-93.3%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
VALERIE SLEEGE
COO· 40h/wk
$127,250$26,329

+ 11 unpaid officers/directors as reported (BENNET HAMMERBERG, BRAD CANFIELD, CHAD KELLOGG, +8 more)

Top contractors

FY23 · vendors paid $100k+ as reported

No contractors reported.

Revenue by activity

FY23 · dues, greens fees, dining, and other sources
Line itemAmount
DUES INCOME$2,923,744
DINING ROOM INCOME$1,519,061
GOLF SHOP$792,444
CAPITAL CAMPAIGN$582,140
NONMEMBER GREEN FEES$143,847

EFounded in 1959, Elmcrest Golf & Country Club reported $6.48M of revenue for FY23, at an operating margin of 2.0%. Revenue moved up 1.4% 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, FY2023 · period ending Tue Oct 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Mon Oct 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Sun Oct 31 2021 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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