Nonprofit · EIN 42-0615819
THE WALTON CLUB OF FAIRFIELD IOWA
Tax-exempt · FAIRFIELD, IA 52556
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $389,349 | $353,356 | $35,993 | $342,781 | $109,366 | $233,415 |
| September 30, 2024 | 990 | $358,422 | $354,744 | $3,678 | $253,130 | $114,555 | $138,575 |
| September 30, 2023 | 990 | $288,800 | $327,585 | -$38,785 | $214,141 | $132,389 | $81,752 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $128,635
- Membership dues
- $128,635
- Program service revenue
- $33,472
- Investment income
- $153
- Net rental income
- $30,762
- Net income from sales of inventory
- $160,837
- Other revenue
- $227,089
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $100,861
- Salaries, compensation and benefits (total)
- $112,313
- Professional fundraising fees
- $0
- Accounting fees
- $7,690
- Depreciation
- $11,413
- Program services (functional)
- $345,666
- Management and general (functional)
- $7,690
Balance sheet and other
- Total assets, start of year
- $253,130
- Total assets, end of year
- $342,781
- Total liabilities, end of year
- $109,366
- Net assets, end of year
- $233,415
- Land, buildings and equipment
- $167,149
- Gross unrelated business income
- $21,719
- Gross receipts
- $530,710
- Employees
- 9
- Volunteers
- 40
- Year formed
- 1929
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TROY WAUGH | PRESIDENT Officer | 1 | $0 |
| JEN STEVER | SECRETARY Officer | 1 | $0 |
| SPENCER PETERMAN | TREASURER Officer | 1 | $0 |
| KEAGAN DRISH | DIRECTOR Trustee or director | 1 | $0 |
| STEVE HIGDON | DIRECTOR Trustee or director | 1 | $0 |
| JASON VORHIES | DIRECTOR Trustee or director | 1 | $0 |
| AILEEN METCALF | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVIS LOWENBERG | PRESIDENT Officer | 1 | $0 |
| JEN STEVER | SECRETARY Officer | 1 | $0 |
| KEAGAN DRISH | TREASURER Officer | 1 | $0 |
| SHERRI SMITH | DIRECTOR Trustee or director | 1 | $0 |
| TROY WAUGH | DIRECTOR Trustee or director | 1 | $0 |
| JASON VORHIES | DIRECTOR Trustee or director | 1 | $0 |
| AILEEN METCALF | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVIS LOWENBERG | PRESIDENT Officer | 1 | $0 |
| MOLLY PETERMAN | SECRETARY Officer | 1 | $0 |
| KEAGAN DRISH | TREASURER Officer | 1 | $0 |
| SHERRI SMITH | VICE PRESIDENT Trustee or director | 1 | $0 |
| CHRIS BOYD | DIRECTOR Trustee or director | 1 | $0 |
| JASON VORHIES | DIRECTOR Trustee or director | 1 | $0 |
| JESSE NARDUCCI | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2265 WALTON LAKE DR, FAIRFIELD, IA 52556-8609
- Principal officer (990 for 2024)
- TROY WAUGH, 2265 WALTON LAKE ROAD, FAIRFIELD, IA 52556
- Signed the 990
- TROY WAUGH, PRESIDENT
- Phone
- (641) 472-4909
- Return prepared by
- GRAF & COMPANY
Mission
GOLF AND SOCIAL CLUB
Program accomplishments
- GOLF COURSE AND RELATED ACTIVITIES FOR APPROXIMATELY 300 MEMBERS
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 42-0615819
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1991
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $342,781
- Income (IRS master file)
- $530,710
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $389,349 | $353,356 | $342,781 | XML |
| 990 | September 2024 | $358,422 | $354,744 | $253,130 | XML |
| 990 | September 2023 | $288,800 | $327,585 | $214,141 | XML |
| 990 | September 2022 | $284,331 | $303,788 | $218,800 | IRS |
| 990 | September 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-0615819).
Questions about THE WALTON CLUB OF FAIRFIELD IOWA
- What is the EIN of THE WALTON CLUB OF FAIRFIELD IOWA?
- The employer identification number (EIN) of THE WALTON CLUB OF FAIRFIELD IOWA is 42-0615819.
- Is THE WALTON CLUB OF FAIRFIELD IOWA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1991.
- Are donations to THE WALTON CLUB OF FAIRFIELD IOWA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does THE WALTON CLUB OF FAIRFIELD IOWA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE WALTON CLUB OF FAIRFIELD IOWA due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE WALTON CLUB OF FAIRFIELD IOWA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of THE WALTON CLUB OF FAIRFIELD IOWA?
- The 990 for the year ended September 30, 2025 names TROY WAUGH.
- Who are the officers and directors of THE WALTON CLUB OF FAIRFIELD IOWA?
- The 990 for the year ended September 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does THE WALTON CLUB OF FAIRFIELD IOWA have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $389,349, expenses of $353,356 and total assets of $342,781 at year end.
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