2022-09-12T07:26:31-04:00 2021-10-31 420991212 HOGAN - HANSEN PC 2750 FIRST AVENUE NE SUITE 150 CEDAR RAPIDS IA 524024800 990 2020-11-01 420651987 ELMCREST COUNTRY CLUB ELMC 3193668401 1 ZACH JOHNSON DRIVE NE CEDAR RAPIDS IA 52402 BENNET HAMMERBERG PRESIDENT 3193668401 2022-08-25 true BENNET HAMMERBERG 999009999 JENNIFER J DECKER CPA P01269017 3193668267 2022-08-31 2020 2023-04-26 12:10:37Z BENNET HAMMERBERG 1 ZACH JOHNSON DRIVE NE CEDAR RAPIDS IA 52402 7454671 false X WWW.ELMCRESTCOUNTRYCLUB.COM X 1947 IA PROVIDE DINING, RECREATIONAL AND SOCIAL ACTIVITIES TO MEMBERS. 11 11 163 264149 1459667 4217178 5250521 630354 76898 77038 4294076 7417580 0 0 2350389 2571312 0 0 2320937 2737984 4671326 5309296 -377250 2108284 7497158 8558955 10463619 9417104 -2966461 -858149 ENGAGING OUR MEMBER FAMILIES AND GUESTS WITH A CHAMPIONSHIP EXPERIENCE EVERY DAY, EVERY TIME. false false TO PROVIDE RECREATIONAL FACILITIES TO MEMBERS FOR DINING, GOLFING, SWIMMING AND TENNIS. false false false false false false false false false true false false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 7 0 true 163 true true true false false false false 440263 238011 false false false X 11 11 false false false false true true true true true false false true true true true true true true true false X VALERIE SLEEGE 3193668401 1 ZACH JOHNSON DR NE CEDAR RAPIDS IA 52402 BENNET HAMMERBERG PRESIDENT 1.00 X X 0 0 0 LINDA ZACHAR TREASURER/SE 1.00 X X 0 0 0 PAT BAIRD DIRECTOR 1.00 X 0 0 0 BRAD CANFIELD DIRECTOR 1.00 X 0 0 0 PAT COBB DIRECTOR 1.00 X 0 0 0 CHAD KELLOGG DIRECTOR 1.00 X 0 0 0 LOREN COPPOCK DIRECTOR 1.00 X 0 0 0 JEFF HAMILTON DIRECTOR 1.00 X 0 0 0 ROGER KLOUDA DIRECTOR 1.00 X 0 0 0 GREG SWARTZENDRUBER DIRECTOR 1.00 X 0 0 0 KRISTEN TROVAS DIRECTOR 1.00 X 0 0 0 LARRY GLADSON COO 40.00 X 118850 0 14475 VALERIE SLEEGE CFO 40.00 X 100679 0 10806 219529 25281 2 false false false 1353200 106467 1459667 DUES INCOME 713910 2636128 2636128 DINING ROOM INCOME 713910 1249029 1249029 GOLF SHOP 713910 581522 581522 CAPITAL CAMPAIGN 713910 248868 248868 INITIATION FEES 713910 176375 176375 358599 120588 238011 5250521 697 697 37336 11198 26138 26138 26138 655550 25893 629657 629657 629657 MISCELLANEOUS INCOME 713910 50900 50900 50900 7417580 5642167 264149 51597 254484 1917745 38608 142194 218281 174969 405 180 14016 434905 5120 304394 504629 COST OF GOODS 434349 COST OF GOODS SOLD - GOLF 298446 EQUIPMENT REPAIR & MAINTE 293739 PROGRAM SUPPLIES 163327 109505 5309296 0 0 0 744908 1301069 262567 298255 45378 77538 68018 75116 16832611 10278802 6169432 6553809 126374 167733 80481 85435 7497158 8558955 1150906 859806 1009996 1311379 7727731 6698691 574986 547228 10463619 9417104 X -2966461 -858149 -2966461 -858149 7497158 8558955 X 2108284 28 X false true X true false 753147 753147 11124618 6251432 4873186 2834895 2341331 493564 2119951 1686039 433912 6553809 EQUIPMENT LEASE-LOAN 158105 DUE TO RESIGNED MEMBERS 153771 DEFERRED COMP. PAYABLE 135986 CURRENT PORTION OF CAPITAL LEASE 99366 547228 7408201 11198 11198 7397003 20577 20577 7417580 5299917 11198 11198 5288719 20577 20577 5309296 SCHEDULE D, PAGE 4, PART XI, LINE 2D RENT EXPENSE, NETTED WITH INCOME ON RETURN 11,198 SCHEDULE D, PAGE 4, PART XI, LINE 4B MEMBERSHIP DUES, NETTED WITH MEMBERSHIP CREDITS 20,577 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENT EXPENSE, NETTED WITH INCOME ON RETURN 11,198 SCHEDULE D, PAGE 4, PART XII, LINE 4B MEMBERSHIP DUES, NETTED WITH MEMBERSHIP CREDITS 20,577 FORM 990, PAGE 6, PART VI, LINE 6 ELMCREST COUNTRY CLUB HAS TWO TYPES OF MEMBERSHIPS, EQUITY AND NON-EQUITY. ALL EQUITY MEMBERS ARE ELIGIBLE TO VOTE IN GENERAL MEMBERSHIP ELECTIONS. AN EQUITY MEMBER OR THEIR SPOUSE/SIGNIFICANT OTHER IS ELIGIBLE TO SERVE ON THE BOARD OF DIRECTORS. THESE MEMBERS ARE BILLED TO PURCHASE THEIR EQUITY. ALL MEMBERS WITH THE EXCEPTION OF HONORARY & SPECIAL, ARE EQUITY MEMBERS. THESE MEMBERSHIP CATEGORIES DO NOT PURCHASE EQUITY AND DO NOT HAVE VOTING RIGHTS. ADDITIONALLY, THESE MEMBERS MAY NOT SERVE ON THE BOARD OF DIRECTORS IN A VOTING CAPACITY, BUT THEY MAY SERVE ON THE BOARD IN AN ADVISORY MANNER. FORM 990, PAGE 6, PART VI, LINE 7A PER THE BY-LAWS OF ELMCREST COUNTRY CLUB, EQUITY MEMBERS ELECT OTHER EQUITY MEMBERS TO THE ELMCREST COUNTRY CLUB BOARD OF DIRECTORS AT THE ANNUAL MEETING EACH YEAR. THE ANNUAL MEETING IS HELD DURING THE FIRST CALENDAR QUARTER OF EACH YEAR. FORM 990, PAGE 6, PART VI, LINE 7B THE BY-LAWS OF ELMCREST COUNTRY CLUB REQUIRE AN ANNUAL MEETING OF EQUITY MEMBERS BE HELD IN THE FIRST CALENDAR QUARTER OF EACH YEAR. NON-EQUITY MEMBERS MAY ATTEND THE MEETING, BUT DO NOT HAVE VOTING RIGHTS. AT THIS MEETING ELECTION OF THE BOARD OF DIRECTORS OCCURS, ALL ACTS OF THE BOARD OF DIRECTORS FOR THE PREVIOUS YEAR ARE RATIFIED AND THE ANNUAL BUDGET IS APPROVED. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PRESENTED TO THE EXECUTIVE COMMITTEE AND APPROVED PRIOR TO ITS FILING. THE FORM 990 IS SIGNED ANNUALLY BY THE PRESIDENT OR TREASURER. EACH YEAR A COPY OF THE FILED FORM 990 IS RETAINED BY THE CFO FOR INSPECTION AND REVIEW BY ANY MEMBER AT THEIR REQUEST. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT POLICY IS PROVIDED TO EACH BOARD MEMBER ANNUALLY. THE COO AND CFO MONITOR THE DAY TO DAY BUSINESS FOR POSSIBLE CONFLICTS. ANY DECISION MADE CANNOT BENEFIT ANY ONE GROUP OF INDIVIDUALS THAT ARE A PART OF THE DECISION MAKING PROCESS. FORM 990, PAGE 6, PART VI, LINE 15A ELMCREST COUNTRY CLUB UTILIZES A COMPENSATION COMMITTEE TO DETERMINE THE COMPENSATION OF THE COO. THE COMPENSATION COMMITTEE IS CHAIRED BY THE PRESIDENT OF THE BOARD OF DIRECTORS. OTHER COMMITTEE MEMBERS INCLUDE BOARD MEMBERS AND OTHER CLUB MEMBERS WITH A COMPENSATION BACKGROUND. THE COMPENSATION COMMITTEE USES PERFORMANCE, ECONOMY AND INDUSTRY STANDARDS AND AVERAGES TO ASSIST IN DETERMINING THE COO'S PROPOSED COMPENSATION. THE COMPENSATION PROPOSAL IS PRESENTED TO THE EXECUTIVE COMMITTEE FOR APPROVAL. FORM 990, PAGE 6, PART VI, LINE 15B THE COMMITTEE USES THE SAME PROCESS FOR OTHER KEY EMPLOYEES OF THE ORGANIZATION. ADDITIONALLY, THE COMPENSATION COMMITTEE CONFERS WITH THE COO TO DETERMINE THE RECOMMENDED LEVELS OF COMPENSATION FOR OTHER KEY EMPLOYEES. CONCLUSIONS OF ALL DECISIONS ARE DOCUMENTED AND MAINTAINED IN THE EMPLOYEES' PERSONNEL FILE. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN MEMBERSHIP CERTIFICATES 28