Coosa Country Club Corp
- Assets
- $8.4m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 160
- Location
- Rome, GA
- Founding
- 03/1973
- Data as of
- 12/2021
- EIN
- 58-0205890
Organization Overview
Coosa Country Club Corp is located in Rome, GA. The organization was established in 1973. As of 12/2021, Coosa Country Club Corp employed 160 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 12/2021, Coosa Country Club Corp generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 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
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 |
|---|---|---|---|
Brian Albertson General Manager | Officer | 40 | $163,131 |
Scott Tucker Vice President | OfficerTrustee | 0 | $0 |
Robert Kane Secretary-Treasurer | Officer | 0 | $0 |
Chuck Shaw President | Officer | 0 | $0 |
Scott Smith Director | Trustee | 0 | $0 |
Evie Mcniece Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $894,917 |
| 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 | $894,917 |
| Total Program Service Revenue | $4,055,235 |
| Investment income | $77 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$825 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $691,761 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,675,587 |
| 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. | $2,012,520 |
| Compensation of current officers, directors, key employees. | $503,130 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $167,560 |
| Payroll taxes | $142,645 |
| 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 | $3,650 |
| 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 | $166,644 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $462,471 |
| Insurance | $79,855 |
| All other expenses | $689,997 |
| Total functional expenses | $4,469,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $956,724 |
| Savings and temporary cash investments | $151,332 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $536,065 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $179,129 |
| Prepaid expenses and deferred charges | $23,397 |
| Net Land, buildings, and equipment | $6,048,686 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $47,539 |
| Other assets | $491,946 |
| Total assets | $8,434,818 |
| Accounts payable and accrued expenses | $267,422 |
| Grants payable | $0 |
| Deferred revenue | $32,401 |
| 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 | $3,792,588 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $491,285 |
| Total liabilities | $4,583,696 |
| Net assets without donor restrictions | $3,851,122 |
| 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 | $8,434,818 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Coosa Country Club Corp has recieved totaling $6,069.
| Awarding Organization | Amount |
|---|---|
American Junior Golf Foundation Inc Braselton, GA PURPOSE: General Support | $6,069 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richland Country Club Nashville, TN | $44,301,310 | $11,132,145 |
Stonebridge Golf & Country Club Of Boca Raton Inc Boca Raton, FL | $21,289,718 | $9,527,773 |
Chapel Hill Country Club Inc Chapel Hill, NC | $14,564,200 | $9,647,234 |
Country Club Of Spartanburg Spartanburg, SC | $7,741,207 | $5,826,670 |
Lake Hickory Country Club Inc Hickory, NC | $6,558,678 | $5,457,620 |
Coosa Country Club Corp Rome, GA | $8,434,818 | $5,675,587 |
Panama Country Club Inc Lynn Haven, FL | $3,239,517 | $2,059,223 |
Lakewood Golf & Country Club Tullahoma, TN | $1,389,241 | $1,346,214 |
Prestwood Country Club Hartsville, SC | $235,305 | $252,340 |
Country Club Headland, AL | $257,362 | $0 |
Universal Autograph Collectors Club Inc Mount Dora, FL | $10,647 | $8,024 |