Governors Golf Club
- Assets
- $23.5m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Brentwood, TN
- Founding
- Data as of
- 12/2021
- 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 12/2021, Governors Golf Club generated $8.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $8.1m during the year ending 12/2021. While expenses have increased by 10.5% per year over the past 6 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
2021
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 GOLF 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 886 MEMBERS AND THEIR GUESTS THROUGH 36,112 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Howell Secretary | OfficerTrustee | 1 | $0 |
Jim Lawler CFO | OfficerTrustee | 1 | $0 |
Josh Lesnik President | OfficerTrustee | 1 | $0 |
Jim Fitzsimmons General Manager | Officer | 40 | $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 | $6,764,017 |
| 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 | $1,559,616 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,323,633 |
| 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 | $3,058,206 |
| Pension plan accruals and contributions | $11,606 |
| Other employee benefits | $268,253 |
| Payroll taxes | $270,756 |
| Fees for services: Management | $435,680 |
| Fees for services: Legal | $5,927 |
| 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 | $21,828 |
| Office expenses | $65,203 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31,823 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,752,827 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $374,805 |
| Insurance | $87,356 |
| All other expenses | $673,630 |
| Total functional expenses | $8,142,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,216 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $964,359 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $123,278 |
| Prepaid expenses and deferred charges | $152,990 |
| Net Land, buildings, and equipment | $22,140,147 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,473 |
| Total assets | $23,538,463 |
| Accounts payable and accrued expenses | $973,121 |
| Grants payable | $0 |
| Deferred revenue | $16,380 |
| 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 | $24,934,537 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,814,239 |
| Total liabilities | $28,738,277 |
| 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 | -$5,199,814 |
| Total liabilities and net assets/fund balances | $23,538,463 |
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