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Falls City Golf Course

Not tax-deductible

Falls City, NE501(c)(7)EIN 47-0154658

To provide golf amenities and social opportunities to all dues-paying members from the falls city, nebraska area.

Mission: Form 990 Part I, line 1

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $28K a year · 10% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$341K
134% of total assets
Concern: liabilities are 134% of assets; over 80%.
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
$307K
+4% vs prior year
Spent
$377K
Net assets
−$86K
By yearFY2020–FY2025
Revenue
$307K
FY2025▲ +4%
Revenue by fiscal year
FY2020$9K
FY2021$8K
FY2022$6K
FY2023$258K
FY2024$296K
FY2025$307K
Expenses
$377K
FY2025▲ +15%
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$240K
FY2024$328K
FY2025$377K
Net assets
−$86K
FY2025▼ -430%
Net assets by fiscal year
FY2020$77K
FY2021$591
FY2022−$2K
FY2023$16K
FY2024−$16K
FY2025−$86K

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1966.

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Barb Kelly
President
$0Pt VII · Sec A
Daniel Simon
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Falls City Golf Course executive salaries →

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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 15aNo

Programs and updates

Offers golf amenities and social events for members in the Falls City, Nebraska area.

Provided by the organization

This section is blank until Falls City Golf Course claims this page.

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1 program service, described in the organization's own filed words · FY2025.
01

To provide golf amenities and social opportunities to all dues-paying members from the falls city, nebraska area.

Pt IX · col B

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By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$307K
Ln 12
Gifts and grantsLn 1h$161K
Other incomeLn 4–11$145K
Investment incomeLn 3$629
Money outPt IX
$377K
Ln 25
Owns and owesPt X
−$86K
net assets · Ln 32
Cash and savingsLn 1–2$57K
Total assetsLn 16$255K
LiabilitiesLn 26$341K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$161K
Investment incomeLn 3$629
Other incomeLn 4–11$145K
Total revenueLn 12$307K
Assets in detailPt X, end of year
CashLn 1$57K
Cash and savings togetherLn 1–2$57K
Land, buildings, equipmentLn 10c$197K
Total assetsLn 16$255K
LiabilitiesLn 26$341K
Net assetsLn 32−$86K
OperationsPt I, VI
EmployeesI 515
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 FY25End FY25
Cash and savingsLn 1–2$94K$57K
Land, buildings, equipmentLn 10c$263K$197K
Total assetsLn 16$357K$255K
LiabilitiesLn 26$374K$341K
Net assetsLn 32−$16K−$86K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$102K
Payroll taxesLn 10$14K
Advertising and promotionLn 12$13K
OccupancyLn 16$68K
InterestLn 20$12K
Depreciation, depletion and amortizationLn 22$66K
InsuranceLn 23$14K
Other expenses (24a–d)Ln 24$68K
All other expensesLn 24e$19K
Total functional expensesLn 25$377K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $307K$377K−$70K−$86K 990 PDF
FY2024 $296K$328K−$32K−$16K 990 PDF
FY2023 $258K$240K$18K$16K 990 PDF
FY2022 $6K−$2K 990 PDF
FY2021 $8K$591 990 PDF
FY2020 $9K$77K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $306,922 across 7 lines filed
Lines not itemized here account for $55,830 of total revenue; see the IRS return.
VIII-1b Membership dues$142,223
VIII-1f All other contributions, gifts and grants$18,730
VIII-1h Total contributions, gifts and grants$160,953
VIII-3 Investment incomeRelated to mission $629$629
VIII-6 Net rental income or lossRelated to mission $26,505$26,505
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $12,394 · Unrelated business $50,611$63,005
VIII-12 Total revenueRelated to mission $89,886 · Unrelated business $56,083$306,922
Part IX · Statement of functional expenses $376,916 across 9 lines filed
IX-7 Other salaries and wages$102,470
IX-10 Payroll taxes$14,438
IX-12 Advertising and promotion$13,306
IX-16 Occupancy$67,689
IX-20 Interest$12,221
IX-22 Depreciation, depletion and amortization$65,829
IX-23 Insurance$14,111
IX-24 Other expenses (24a–d)$67,504
IX-24e All other expenses$19,348
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$376,916
Part X · Balance sheet $254,584 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $94,300$57,363
X-10c Land, buildings and equipment, netStart of year $263,050$197,221
X-16 Total assetsStart of year $357,350$254,584
X-17 Accounts payable and accrued expensesStart of year $14,319$14,572
X-19 Deferred revenueStart of year $6,540$1,265
X-24 Unsecured notes and loans payableStart of year $352,750$325,000
X-26 Total liabilitiesStart of year $373,609$340,837
X-27 Net assets without donor restrictionsStart of year −$16,259−$86,253
X-32 Total net assets or fund balancesStart of year −$16,259−$86,253
X-33 Total liabilities and net assetsStart of year $357,350$254,584
Part XI · Reconciliation of net assets −$86,253 net assets at year end
XI-1 Total revenue$306,922
XI-2 Total expenses$376,916
XI-3 Revenue less expenses−$69,994
XI-4 Net assets at start of year−$16,259
XI-10 Net assets at end of year−$86,253

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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