Governors Golf Club
- Assets
- $23.9m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Brentwood, TN
- Founding
- Data as of
- 12/2023
- EIN
- 52-2238428
Organization Overview
Governors Golf Club is located in Brentwood, TN. Governors Golf Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Governors Golf Club generated $9.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $11.5m during the year ending 12/2023. While expenses have increased by 12.5% 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
THE PURPOSE OF THE ORGANIZATION IS TO ORGANIZE, HOLD, OWN AND OPERATE A PRIVATE GOLF CLUB EXCLUSIVELY FOR THE PLEASURE AND RECREATION OF ITS MEMBERS AND IN CONNECTION THEREWITH TO MAINTAIN A GOLD COURSE, CLUBHOUSE, AND OTHER RELATED FACILITIES AND MEANS OF RECREATION WHICH ITS BOARD OF DIRECTORS MAY CONSIDER ADVISABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED AN 18-HOLE GOLF COURSE. SERVED OVER 941 MEMBERS AND THEIR GUESTS THROUGH 34,183 ROUNDS OF GOLF.
OPERATED A CLUBHOUSE, GRILL, AND FINE DINING ESTABLISHMENT FOR MEMBERS AND THEIR GUESTS.
HOSTED EVENTS/TOURNAMENTS FOR MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Lawler Board Member | Trustee | 1 | $0 |
Steve Skinner Board Member | Trustee | 1 | $0 |
Mark E Freemont Board Member | Trustee | 1 | $0 |
Josh Lesnik President | OfficerTrustee | 1 | $0 |
Bryan Howell Secretary | OfficerTrustee | 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 | $8,199,503 |
| 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 | $1,686,408 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,885,911 |
| 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 | $3,449,551 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $14,600 |
| Other employee benefits | $283,704 |
| Payroll taxes | $295,484 |
| Fees for services: Management | $393,477 |
| Fees for services: Legal | $50,688 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,034 |
| Office expenses | $86,424 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,497 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $46,617 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,579,464 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $789,036 |
| Insurance | $147,932 |
| All other expenses | $997,169 |
| Total functional expenses | $11,468,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $468,238 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $939,896 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $171,249 |
| Prepaid expenses and deferred charges | $224,360 |
| Net Land, buildings, and equipment | $22,055,635 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,109 |
| Total assets | $23,887,487 |
| Accounts payable and accrued expenses | $613,454 |
| Grants payable | $0 |
| Deferred revenue | $27,567 |
| 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 | $39,501,478 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,953,803 |
| Total liabilities | $43,096,302 |
| 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 | -$19,208,815 |
| Total liabilities and net assets/fund balances | $23,887,487 |