ELMC501(c)(7) · MEDIUMNAICS 713910EIN 42-0651987
Elmcrest Golf & Country Club
Cedar Rapids, IA · founded 1959
13 filings on recordFY 2011–2023medium confidence
Compare to peers →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
Expenses
$6.4M
▲ 35.1% / 5y
Total Assets
$8.5M
▲ 19.3% / 5y
Total Liabilities
$8.7M
▼ 10.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ 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 · Employee | Reportable | Other |
|---|---|---|
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 item | Amount |
|---|---|
| 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
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