Hillcrest Golf & Country Club
- Assets
- $1.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 49
- Location
- Batesville, IN
- Founding
- 01/1953
- Data as of
- 06/2022
- EIN
- 35-0381670
Organization Overview
Hillcrest Golf & Country Club is located in Batesville, IN. The organization was established in 1953. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Hillcrest Golf & Country Club employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hillcrest Golf & Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Hillcrest Golf & Country Club generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $883.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.8%) 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 ORGANIZATION OPERATES A PRIVATE, MEMBER-OWNED COUNTRY CLUB WITH DINING ROOM, 18 HOLE GOLF COURSE, SWIMMING POOL AND TENNIS COURTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PRIVATE, MEMBER-OWNED COUNTRY CLUB WITH DINING ROOM, 18-HOLE GOLF COURSE, SWIMMING POOL AND TENNIS COURTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beau Hallavant Pres | OfficerTrustee | 1 | $0 |
Doug Meyer V Pres | OfficerTrustee | 1 | $0 |
Sharon Hollowell Treas Sec | OfficerTrustee | 1 | $0 |
Kim Dall Dir | Trustee | 1 | $0 |
Martin Rodriguez Dir | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $616,552 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,062 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $637,614 |
| Total Program Service Revenue | $224,838 |
| Investment income | $801 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,575 |
| Net Gain/Loss on Asset Sales | -$821 |
| Net Income from Fundraising Events | $101,099 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $45,784 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,010,890 |
| 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 | $73,681 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,527 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,289 |
| Payroll taxes | $27,358 |
| Fees for services: Management | $83,017 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,427 |
| Office expenses | $0 |
| Information technology | $12,683 |
| Royalties | $0 |
| Occupancy | $55,354 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,862 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,875 |
| Insurance | $15,333 |
| All other expenses | $2,008 |
| Total functional expenses | $882,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,413 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,291 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,189 |
| Prepaid expenses and deferred charges | $14,895 |
| Net Land, buildings, and equipment | $514,222 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,519 |
| Other assets | $17,082 |
| Total assets | $1,166,611 |
| Accounts payable and accrued expenses | $73,798 |
| Grants payable | $0 |
| Deferred revenue | $421,203 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,359 |
| Secured mortgages and notes payable | $236,454 |
| Unsecured mortgages and notes payable | $51,898 |
| Other liabilities | $39,053 |
| Total liabilities | $824,765 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $341,846 |
| Total liabilities and net assets/fund balances | $1,166,611 |
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