River Hills Club Of Jackson Inc
- Assets
- $9.1m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 157
- Location
- Jackson, MS
- Founding
- 03/1965
- Data as of
- 09/2022
- EIN
- 20-4532060
Organization Overview
River Hills Club Of Jackson Inc is located in Jackson, MS. The organization was established in 1965. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2022, River Hills Club Of Jackson Inc employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Hills Club Of Jackson Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2022, River Hills Club Of Jackson Inc generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $4.4m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE CORPORATION IS TO OWN AND OPERATE A CLUB FOR THE GENERAL WELFARE OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM ACTIVITIES PROMOTE AND ADVANCE THE GENERAL WELFARE OF THE MEMBERSHIP BY PROVIDING FOR THE ENJOYMENT OF TENNIS, SWIMMING, AEROBIC AND OTHER ACTIVITIES PROVIDING MEMBERS WITH RECREATIONAL AND SOCIAL ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Peak General Manager | Officer | 40 | $154,658 |
Rick Davis President | OfficerTrustee | 1 | $0 |
Jennifer Walker Secretary | OfficerTrustee | 1 | $0 |
Matt Harkey Treasurer | OfficerTrustee | 1 | $0 |
Matt Eichelberger Vice President | OfficerTrustee | 1 | $0 |
Bernard Booth Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,736,391 |
| Investment income | $363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $774,996 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,526,237 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $154,658 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,828,050 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $181,766 |
| Payroll taxes | $144,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,355 |
| Fees for services: Accounting | $35,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $67,134 |
| Office expenses | $34,684 |
| Information technology | $49,519 |
| Royalties | $0 |
| Occupancy | $331,458 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $345,038 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $534,463 |
| Insurance | $126,488 |
| All other expenses | $0 |
| Total functional expenses | $4,434,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $378,256 |
| Savings and temporary cash investments | $1,293,115 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $191,417 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $73,149 |
| Prepaid expenses and deferred charges | $17,509 |
| Net Land, buildings, and equipment | $7,185,979 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $164 |
| Total assets | $9,139,589 |
| Accounts payable and accrued expenses | $391,470 |
| Grants payable | $0 |
| Deferred revenue | $194,594 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,843,733 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,429,797 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $4,990 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $704,802 |
| Total liabilities and net assets/fund balances | $9,139,589 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baton Rouge Country Club Inc Baton Rouge, LA | $28,846,628 | $10,362,184 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
Krewe Of Bacchus Inc New Orleans, LA | $5,050,746 | $6,016,204 |
Hoover Country Club Birmingham, AL | $6,182,336 | $5,552,776 |
Dothan Country Club Dothan, AL | $9,614,467 | $5,061,847 |
River Hills Club Of Jackson Inc Jackson, MS | $9,139,589 | $4,526,237 |
Hot Springs Country Club Inc Hot Springs, AR | $2,661,246 | $3,999,960 |
Fayetteville Country Club Fayetteville, AR | $3,475,139 | $2,992,560 |
Jonesboro Country Club Inc Jonesboro, AR | $7,876,752 | $3,184,262 |
Diamante Members Club Inc Hot Springs Village, AR | $6,478,164 | $2,689,723 |
Cedar Creek Yacht Club Inc Mount Juliet, TN | $5,465,434 | $1,466,060 |
White Horse Holding Corporation Memphis, TN | $25,729,235 | $3,077,604 |