AANK501(c)(7) · MEDIUMNAICS 713910EIN 42-0864606
Ankeny Golf & Country Club Ankeny
Ankeny, IA · founded 1965
12 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.51M
▼ 1.4% YoY
FY23 Total Expenses
$1.46M
▼ 0.6% YoY
Operating Margin
3.4%
revenue minus expenses ÷ revenue
Employees
76
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$1.5M
▲ 3.1% / 5y
Expenses
$1.5M
▼ 2.2% / 5y
Total Assets
$1.5M
▲ 15.6% / 5y
Total Liabilities
$847K
▲ 1.2% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.5M | $1.9M | $1.9M | $1.5M | $1.5M | +3.1% |
| Expenses | $1.5M | $1.7M | $1.7M | $1.5M | $1.5M | -2.2% |
| Net surplus | -$27K | $185K | $185K | $63K | $51K | -286.4% |
| Total assets | $1.3M | $1.4M | $1.4M | $1.6M | $1.5M | +15.6% |
| Total liabilities | $837K | $824K | $824K | $943K | $847K | +1.2% |
| Net assets | $479K | $560K | $560K | $623K | $675K | +40.8% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
KENNETH NORLAND GENERAL MANA· 40h/wk | $93,516 | — |
PHILIP VAN ROEKEL SUPERINTENDE· 40h/wk | $71,777 | — |
CHAD WILLETS Board President· 4h/wk | $3,419 | — |
JANICE SEWRIGHT Board Treasurer· 4h/wk | $3,419 | — |
+ 6 unpaid officers/directors as reported (BRIAN WISKUS, CURTIS GAGE, JOEL PETERSON, +3 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 |
|---|---|
| MEMBERSHIP DUES | $855,737 |
| CART SHED & CART RENTALS | $77,505 |
| GUEST FEES & LESSONS | $37,794 |
| TRAIL FEES | $25,101 |
| HANDICAP FEES | $11,247 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$671K
▲ $20K new borrowing
Net land, buildings & equipment
$1.2M
book value, net of depreciation
Facility age
57%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $31,806 |
| Occupancy | $223,109 |
| Depreciation & depletion | $114,307 |
| Information technology | $21,206 |
| Advertising & promotion | $3,114 |
| Office expenses | $43,168 |
| Legal fees | $301 |
| Accounting fees | $24,240 |
| Other professional fees | $31,682 |
AFounded in 1965, Ankeny Golf & Country Club Ankeny reported $1.51M of revenue for FY23, at an operating margin of 3.4%. Revenue moved down 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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