Franklin Hills Country Club
- Assets
- $12.3m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 231
- Location
- Franklin, MI
- Founding
- 05/1945
- Data as of
- 09/2023
- EIN
- 38-0555850
Organization Overview
Franklin Hills Country Club is located in Franklin, MI. The organization was established in 1945. 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, Franklin Hills Country Club employed 231 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin 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, Franklin Hills Country Club generated $9.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $8.3m during the year ending 09/2023. While expenses have increased by 5.1% per year over the past 8 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
FRANKLIN HILLS IS A PRIVATE COUNTRY CLUB DEDICATED TO PROVIDING ITS MEMBERS, FAMILIES AND GUESTS WITH EXTRAORDINARY FACILITIES FOR GOLF, SOCIALIZING, TENNIS, SWIMMING, AND ENTERTAINING. WITH A NATIONALLY RANKED GOLF COURSE AND EXCEPTIONAL SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL EXPENSES INCURRED ARE PROVIDED FOR THE RECREATION AND PLEASURE TO ALL MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Barnett President | OfficerTrustee | 0.5 | $0 |
Dr Charles Schwartz Vice - President | OfficerTrustee | 0.5 | $0 |
Jeff Weber Treasurer | OfficerTrustee | 0.5 | $0 |
Matthew Sosin Secretary | OfficerTrustee | 0.5 | $0 |
Jonathan Haber Director | Trustee | 0.5 | $0 |
Sue Kaufman Director | Trustee | 0.5 | $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 | $10,363,134 |
| Investment income | $34,713 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,481,429 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,604,222 |
| 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 | $2,955,752 |
| Pension plan accruals and contributions | $92,140 |
| Other employee benefits | $105,356 |
| Payroll taxes | $303,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,332 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,645 |
| Advertising and promotion | $0 |
| Office expenses | $31,998 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $464,984 |
| Travel | $6,073 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,432 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $765,118 |
| Insurance | $810,874 |
| All other expenses | $697,119 |
| Total functional expenses | $8,264,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,384 |
| Savings and temporary cash investments | $1,084,714 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,411,608 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,045,202 |
| Prepaid expenses and deferred charges | $82,913 |
| Net Land, buildings, and equipment | $7,402,559 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,282,380 |
| Accounts payable and accrued expenses | $1,122,878 |
| Grants payable | $0 |
| Deferred revenue | $628,772 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,751,650 |
| Net assets without donor restrictions | $10,530,730 |
| 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 | $12,282,380 |