Franklin Hills Country Club
- Assets
- $14.9m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 194
- Location
- Franklin, MI
- Founding
- 05/1945
- Data as of
- 09/2022
- 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 09/2022, Franklin Hills Country Club employed 194 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 09/2022, Franklin Hills Country Club generated $10.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $10.4m during the year ending 09/2022. While expenses have increased by 9.3% per year over the past 7 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
2022
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, FRANKLIN HILLS MAINTAINS A WARM AND RELAXED ENVIRONMENT WHILE UPHOLDING THE TRADITION AND HISTORY OF ITS LEGACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL EXPENSES ARE INCURRED IN PROVIDING PLEASURE AND RECREATION TO ALL MEMBERS. THE CLUB FEATURES AN ENGLISH TUDOR-STYLE CLUBHOUSE, 18-HOLE COURSE WITH A COURSE RATING OF 73.7, A SWIMMING POOL AND TENNIS COURTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurent Fregonara General Manager | Officer | 40 | $241,307 |
Brian Schweihofer Superintendent | 40 | $223,349 | |
Keith Bjertness Executive Chef | 40 | $220,399 | |
Phil Norville Tennis Pro | 40 | $168,871 | |
Jeffrey Ferry Head Golf Professional | 40 | $167,584 | |
Fred Kark Director Of Finance | Officer | 40 | $163,697 |
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 | $8,300,663 |
| Investment income | $0 |
| 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 | $1,831,126 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,135,789 |
| 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. | $437,303 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,756,691 |
| Pension plan accruals and contributions | $106,680 |
| Other employee benefits | $623,004 |
| Payroll taxes | $560,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $454,076 |
| Information technology | $26,427 |
| Royalties | $0 |
| Occupancy | $501,063 |
| Travel | $12,600 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $765,121 |
| Insurance | $208,594 |
| All other expenses | $637,816 |
| Total functional expenses | $10,364,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $349,466 |
| Savings and temporary cash investments | $800,003 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,153,352 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,639,317 |
| Inventories for sale or use | $983,773 |
| Prepaid expenses and deferred charges | $56,758 |
| Net Land, buildings, and equipment | $6,941,149 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,923,818 |
| Accounts payable and accrued expenses | $1,674,490 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,299,531 |
| Total liabilities | $5,974,021 |
| Net assets without donor restrictions | $8,949,797 |
| 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 | $14,923,818 |
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