Meridian Hills Country Club
- Assets
- $25.3m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 219
- Location
- Indianapolis, IN
- Founding
- 11/1926
- Data as of
- 09/2023
- EIN
- 35-0508710
Organization Overview
Meridian Hills Country Club is located in Indianapolis, IN. The organization was established in 1926. 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 09/2023, Meridian Hills Country Club employed 219 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meridian Hills 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 09/2023, Meridian Hills Country Club generated $9.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $8.0m during the year ending 09/2023. While expenses have increased by 8.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SOCIAL AND RECREATIONAL BENEFITS TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB, OPERATING IN CENTRAL INDIANA, WAS ORGANIZED IN 1923 AS A SOCIAL CLUB TO PROVIDE ITS MEMBERS WITH GOLF, RESTAURANT, CLUBHOUSE, TENNIS, SWIMMING AND SOCIAL FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Firestone Golf Pro | $195,120 | ||
Jared Weight Grounds Supe | $164,999 | ||
Megan Christman Clubhouse Ma | $142,524 | ||
John Ackerman Director | Trustee | $0 | |
Brian Acton Vice Preside | OfficerTrustee | $0 | |
Gregg Brase Director | Trustee | $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 | $7,439,001 |
| Investment income | $202,619 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$15,922 |
| Net Gain/Loss on Asset Sales | $947,807 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$908,347 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,216,351 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,479,480 |
| Pension plan accruals and contributions | $58,726 |
| Other employee benefits | $391,820 |
| Payroll taxes | $193,132 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,419 |
| Fees for services: Accounting | $174,704 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $358,097 |
| Advertising and promotion | $0 |
| Office expenses | $73,815 |
| Information technology | $99,983 |
| Royalties | $0 |
| Occupancy | $303,295 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,694 |
| Interest | $338,718 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,253,422 |
| Insurance | $128,500 |
| All other expenses | $431,536 |
| Total functional expenses | $7,962,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,445,499 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,428,090 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $281,255 |
| Prepaid expenses and deferred charges | $23,929 |
| Net Land, buildings, and equipment | $13,866,907 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,228,861 |
| Total assets | $25,274,541 |
| Accounts payable and accrued expenses | $1,554,386 |
| Grants payable | $0 |
| Deferred revenue | $699,856 |
| 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 | $8,254,082 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,263,703 |
| Total liabilities | $16,772,027 |
| Net assets without donor restrictions | $8,502,514 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $25,274,541 |