Hyperion Field Club

Not tax-deductible

Johnston, IA501(c)(7)Since 1900EIN 42-0325820

To serve as an association of its members. To own and operate a country club for the shared enjoyment and recreation of the members and their guests.

Run by 12 volunteers and 244 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $761K a year · 11% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$644K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.3M
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.2M
+5% vs prior year
Spent
$7.7M
Net assets
$7.4M
By yearFY2020–FY2024
Revenue
$8.2M
FY2024▲ +5%
Revenue by fiscal year
FY2020$4.8M
FY2021$5.8M
FY2022$7.9M
FY2023$8.5M
FY2024$7.8M
FY2024$8.2M
Expenses
$7.7M
FY2024▲ +4%
Expenses by fiscal year
FY2020$4.7M
FY2021$5.6M
FY2022$6.4M
FY2023$7.1M
FY2024$7.3M
FY2024$7.7M
Net assets
$7.4M
FY2024▲ +8%
Net assets by fiscal year
FY2020$3.1M
FY2021$3.3M
FY2022$4.8M
FY2023$6.3M
FY2024$6.8M
FY2024$7.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1945.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

17 people listed on the 990; $644K paid to officers and key staff.

Part VII, Section A · reportable compensation
General Manager/COO
$185,265Pt VII · Sec A
Director of Instruction
$116,814Pt VII · Sec A
Golf Course Superintendent
$115,330Pt VII · Sec A
Director of Golf
$114,293Pt VII · Sec A
Asst General Manager/Membe
$112,023Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2024
Evan Summa$185,265$156,547
Sarah Bidney$116,814$107,573
James Sedrel$115,330$110,451
Adam Pritchard$114,293$106,699
Megan Martens$112,023$105,225

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Operates a country club for members' shared enjoyment and recreation.

Provided by the organization

This section is blank until Hyperion Field Club claims this page.

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3 program services, described in the organization's own filed words · FY2024.
01

Golf course maintenance, golf shop and activities. The golf course is a fully functional 18 hole golf course which also provides practicefacilities. The golf shop offers fashion apparel, golf equipment, and other accessories. Programs and events include women's golf, men'sgolf, junior golf, couples golf, and twilight golf.

Pt IX · col B
02

Dining services. The golf course provides two dining rooms. The sports bar is a casual place to have lunch or dinner. For a quiet and familyorientedsetting, the sunset dining room is more appropriate. The clubhouse is also used for clubhouse events hosted by hyperion.

Pt IX · col B
03

Food and beverage operations

Pt IX · col B

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$8.2M
Ln 12
Fees for servicesLn 2g$5.9M
Other incomeLn 4–11$2.3M
Investment incomeLn 3$47K
Money outPt IX
$7.7M
Ln 25
Owns and owesPt X
$7.4M
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$10.7M
LiabilitiesLn 26$3.3M
PeoplePt VI, VII
17
listed · VII A
PaidVII A5
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$5.9M
Investment incomeLn 3$47K
Other incomeLn 4–11$2.3M
Gains on assetsLn 7−$250
Total revenueLn 12$8.2M
Assets in detailPt X, end of year
CashLn 1$2.2M
SavingsLn 2$359K
Cash and savings togetherLn 1–2$2.6M
Land, buildings, equipmentLn 10c$7.1M
Other assetsLn 15$335K
Total assetsLn 16$10.7M
LiabilitiesLn 26$3.3M
Net assetsLn 32$7.4M
OperationsPt I, VI
EmployeesI 5244
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.0M$2.6M
Land, buildings, equipmentLn 10c$7.1M$7.1M
Total assetsLn 16$10.2M$10.7M
LiabilitiesLn 26$3.4M$3.3M
Net assetsLn 32$6.8M$7.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$3.3M
Pension plan contributionsLn 8$29K
Other employee benefitsLn 9$187K
Payroll taxesLn 10$311K
Legal feesLn 11b$17K
Accounting feesLn 11c$18K
Advertising and promotionLn 12$12K
OccupancyLn 16$550K
Conferences, conventions and meetingsLn 19$268K
InterestLn 20$60K
Depreciation, depletion and amortizationLn 22$603K
InsuranceLn 23$137K
Other expenses (24a–d)Ln 24$2.1M
Total functional expensesLn 25$7.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $7.8M$7.3M$498K$6.8M 990 PDF
FY2023 $8.5M$7.1M$1.5M$6.3M 990 PDF
FY2022 $7.9M$6.4M$1.5M$4.8M 990 PDF
FY2021 $5.8M$5.6M$226K$3.3M 990 PDF
FY2020 $4.8M$4.7M$64K$3.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $8,229,428 across 5 lines filed
Lines not itemized here account for $2,550,128 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,601,599$5,601,599
VIII-3 Investment incomeExcluded from tax $46,823$46,823
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$250−$250
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $31,128$31,128
VIII-12 Total revenueRelated to mission $8,182,855 · Unrelated business $0 · Excluded from tax $46,573$8,229,428
Part IX · Statement of functional expenses $7,653,349 across 13 lines filed
IX-7 Other salaries and wages$3,342,428
IX-8 Pension plan contributions$29,100
IX-9 Other employee benefits$187,082
IX-10 Payroll taxes$311,324
IX-11b Legal fees$16,555
IX-11c Accounting fees$17,618
IX-12 Advertising and promotion$11,866
IX-16 Occupancy$549,717
IX-19 Conferences, conventions and meetings$267,780
IX-20 Interest$59,554
IX-22 Depreciation, depletion and amortization$603,053
IX-23 Insurance$137,496
IX-24 Other expenses (24a–d)$2,119,776
IX-25 Total functional expenses$7,653,349
Part X · Balance sheet $10,656,844 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,505,801$2,196,159
X-2 Savings and temporary cash investmentsStart of year $473,187$358,887
X-4 Accounts receivableStart of year $278,888$332,140
X-8 Inventories for sale or useStart of year $287,241$295,389
X-9 Prepaid expenses and deferred chargesStart of year $33,351$39,603
X-10c Land, buildings and equipment, netStart of year $7,120,809$7,099,231
X-15 Other assetsStart of year $460,998$335,435
X-16 Total assetsStart of year $10,160,275$10,656,844
X-17 Accounts payable and accrued expensesStart of year $551,691$637,360
X-25 Other liabilitiesStart of year $624,856$504,471
X-26 Total liabilitiesStart of year $3,350,538$3,268,628
X-27 Net assets without donor restrictionsStart of year $6,809,737$7,388,216
X-32 Total net assets or fund balancesStart of year $6,809,737$7,388,216
X-33 Total liabilities and net assetsStart of year $10,160,275$10,656,844
Part XI · Reconciliation of net assets $7,388,216 net assets at year end
XI-1 Total revenue$8,229,428
XI-2 Total expenses$7,653,349
XI-3 Revenue less expenses$576,079
XI-4 Net assets at start of year$6,809,737
XI-9 Other changes in net assets$2,400
XI-10 Net assets at end of year$7,388,216

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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