Coosa Country Club Corp
- Assets
- $13.2m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 161
- Location
- Rome, GA
- Founding
- 03/1973
- Data as of
- 12/2023
- EIN
- 58-0205890
Organization Overview
Coosa Country Club Corp is located in Rome, GA. The organization was established in 1973. As of 12/2023, Coosa Country Club Corp employed 161 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coosa Country Club Corp 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, Coosa Country Club Corp generated $7.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $5.5m during the year ending 12/2023. While expenses have increased by 3.5% per year over the past 5 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
COMPLEMENTING THE LIVES OF MEMBERS AND THEIR FAMILIES BY PROVIDING THE FINEST IN TRADITIONAL COUNTRY CLUB SERVICES THROUGH PROFESSIONALISM, PRIDE, RESPECT
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECREATIONAL SERVICES FOR MEMBERS AND THEIR FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Kane Secretary-Treasurer | Officer | 0 | $0 |
Scott Smith President | OfficerTrustee | 0 | $0 |
Ross Johnson Vice President | OfficerTrustee | 0 | $0 |
Kimberly Mosely Director | Trustee | 0 | $0 |
Dan Simon Director | Trustee | 0 | $0 |
David Dempsey Director | Trustee | 0 | $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 | $6,448,446 |
| Investment income | $13,457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,027 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $820,083 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,318,444 |
| 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. | $194,273 |
| Compensation of current officers, directors, key employees. | $48,568 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,476,843 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $192,199 |
| Payroll taxes | $195,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Office expenses | $6,757 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $177,355 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $457,322 |
| Insurance | $96,121 |
| All other expenses | $601,971 |
| Total functional expenses | $5,479,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $428,031 |
| Savings and temporary cash investments | $230,267 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $651,964 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $230,671 |
| Prepaid expenses and deferred charges | $29,678 |
| Net Land, buildings, and equipment | $10,966,154 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $637,729 |
| Total assets | $13,174,494 |
| Accounts payable and accrued expenses | $475,660 |
| Grants payable | $0 |
| Deferred revenue | $28,846 |
| 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 | $3,937,119 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $786,498 |
| Total liabilities | $5,228,123 |
| Net assets without donor restrictions | $7,946,371 |
| 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 | $13,174,494 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richland Country Club Nashville, TN | $47,269,848 | $16,159,938 |
Stonebridge Golf & Country Club Of Boca Raton Inc Boca Raton, FL | $26,180,400 | $12,003,985 |
Chapel Hill Country Club Inc Chapel Hill, NC | $16,608,127 | $10,926,347 |
Lake Hickory Country Club Inc Hickory, NC | $7,262,963 | $6,092,840 |
Country Club Of Spartanburg Spartanburg, SC | $7,404,812 | $5,661,031 |
Coosa Country Club Corp Rome, GA | $13,174,494 | $7,318,444 |
Panama Country Club Inc Lynn Haven, FL | $1,477,464 | $2,673,176 |
Lakewood Golf & Country Club Tullahoma, TN | $1,490,992 | $1,629,101 |
Prestwood Country Club Hartsville, SC | $239,002 | $274,870 |
Country Club Headland, AL | $404,384 | $222,519 |
Universal Autograph Collectors Club Inc Mount Dora, FL | $10,647 | $8,024 |