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.
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 |
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 |