GREE501(c)(7) · MEDIUMNAICS 713910EIN 84-0216933
Greeley Country Club
Greeley, CO · founded 1946
14 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.19M
▼ 0.7% YoY
FY23 Total Expenses
$4.37M
▼ 2.4% YoY
Operating Margin
-4.3%
revenue minus expenses ÷ revenue
Employees
152
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2023 · as filed
Revenue
$4.2M
▼ 3.2% / 5y
Expenses
$4.4M
▲ 12.7% / 5y
Total Assets
$4.9M
▼ 6.2% / 5y
Total Liabilities
$1.8M
▲ 8.4% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY22 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.3M | $4.3M | $4.2M | $4.2M | $4.2M | -3.2% |
| Expenses | $3.9M | $3.9M | $4.5M | $4.5M | $4.4M | +12.7% |
| Net surplus | $451K | $451K | -$257K | -$257K | -$182K | -140.3% |
| Total assets | $5.3M | $5.3M | $5.1M | $5.1M | $4.9M | -6.2% |
| Total liabilities | $1.7M | $1.7M | $1.8M | $1.8M | $1.8M | +8.4% |
| Net assets | $3.6M | $3.6M | $3.3M | $3.3M | $3.1M | -13.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
JASON CORTES General Manager· 40h/wk | $11,153 | — |
+ 8 unpaid officers/directors as reported (BLAKE BURROUGHS, CRAIG RASMUSON, JEREMY EHARDT, +5 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 AND ASSESSMENTS | $1,928,143 |
| ASSESSMENT INCOME | $504,545 |
| CART FEES | $117,190 |
| RANGE/MEMBER PASSES | $92,005 |
| INITIATION FEES | $81,500 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$4.3M
book value, net of depreciation
Facility age
69%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
Professionally managedFY23 · Form 990, Part IX
| Management fees | $134,194 |
| Insurance | $141,929 |
| Occupancy | $330,720 |
| Depreciation & depletion | $460,244 |
| Information technology | $47,033 |
| Advertising & promotion | $36,793 |
| Accounting fees | $9,589 |
GFounded in 1946, Greeley Country Club reported $4.19M of revenue for FY23, at an operating margin of -4.3%. Revenue moved down 0.7% 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
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