Westborough Country Club
- Assets
- $13.5m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 259
- Location
- St Louis, MO
- Founding
- 05/1950
- Data as of
- 09/2023
- EIN
- 43-0641050
Organization Overview
Westborough Country Club is located in St Louis, MO. The organization was established in 1950. 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 09/2023, Westborough Country Club employed 259 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westborough 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, Westborough Country Club generated $8.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $8.0m during the year ending 09/2023. While expenses have increased by 6.2% 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
PROVIDING SERVICES SUCH AS GOLF COURSE, TENNIS COURTS, POOL, RESTAURANT AND BAR, AND FITNESS CENTER FOR CLUB MEMBERS AND THEIR GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUB HOUSE - INCLUDES RESTAURANT AND BAR FOR USE BY PRIVATE MEMBERS.
SPORTS ACTIVITIES - INCLUDES GOLF COURSE, TENNIS COURTS, FITNESS CENTER, AND SWIMMING POOL FOR USE BY PRIVATE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Brasser President - As Of 10/2022 | OfficerTrustee | 2 | $0 |
Yari Lindo Treasurer - As Of 10/2022 | Trustee | 1 | $0 |
Jim Jost Jr Secretary | Trustee | 1 | $0 |
Hank Murphy Vice President - As Of 11/2022 | OfficerTrustee | 2 | $0 |
Christopher Burton Director | Trustee | 1 | $0 |
Jeff Eldred Dirctor - As Of 10/2023 | 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 | $6,531,122 |
| Investment income | $9,310 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,080 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,455,744 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,117,969 |
| 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. | $762,447 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,110,101 |
| Pension plan accruals and contributions | $45,257 |
| Other employee benefits | $289,511 |
| Payroll taxes | $321,403 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,142 |
| Fees for services: Accounting | $59,880 |
| 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 | $269,456 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $452,385 |
| Travel | $35,038 |
| 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 | $847,671 |
| Insurance | $189,300 |
| All other expenses | $293,770 |
| Total functional expenses | $8,042,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,650 |
| Savings and temporary cash investments | $202,870 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,544,174 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $301,371 |
| Prepaid expenses and deferred charges | $55,012 |
| Net Land, buildings, and equipment | $10,713,479 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $657,108 |
| Total assets | $13,475,664 |
| Accounts payable and accrued expenses | $667,478 |
| Grants payable | $0 |
| Deferred revenue | $603,440 |
| 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 | $4,664,212 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $196,288 |
| Total liabilities | $6,131,418 |
| Net assets without donor restrictions | $7,344,246 |
| 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 | $13,475,664 |