Bent Tree Community Inc
- Assets
- $12.1m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 135
- Location
- Jasper, GA
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 58-1532300
Organization Overview
Bent Tree Community Inc is located in Jasper, GA. The organization was established in 2015. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Bent Tree Community Inc employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bent Tree Community Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Bent Tree Community Inc generated $6.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $6.5m during the year ending 12/2022. While expenses have increased by 3.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMUNITY IS RESPONSIBLE FOR THE OPERATION AND MAINTENANCE OF THE COMMON PROPERTY WITHIN THE 3,500 ACRES WITH APPROXIMATELY 1,100 DEVELOPED RESIDENTIAL LOTS LOCATED IN JASPER, GEORGIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY OWNS AND OPERATES A PRIVATE WATER SYSTEM THAT MEETS OR EXCEEDS ALL FEDERAL, STATE, AND LOCAL WATER SAFETY STANDARDS. THE ASSOCIATION IS RESPONSIBLE FOR THE MAINTENANCE, REPAIR, RECONSTRUCTION AND DISTRIBUTION OF WATER TO MEMBERS OF THE COMMUNITY AND THE COMMON PROPERTY.
THE COMMUNITY COLLECTS ANNUAL ASSESSMENTS FROM MEMBERS FOR IMPROVED, UNIMPROVED AND UNBUILDABLE LOTS LOCATED WITHIN THE COMMUNITY'S LEGAL BOUNDARIES. THE ASSESSMENTS ALSO INCLUDE CAPITAL IMPROVEMENTS TO THE PROPERTY, AND CAPITAL MAINTENANCE AND REPLACEMENT FOR THE COMMON PROPERTIES INCLUDING 55 MILES OF ROAD MAINTENANCE, REPAIR AND RECONSTRUCTION, EQUIPMENT REPLACEMENT, AND MAINTENANCE OF BUILDING AND OTHER FACILITIES LOCATED WITHIN THE COMMUNITY'S LEGAL BOUNDARIES. THE COMMUNITY PROVIDES QUASI-GOVERNMENT SERVICES BY MAINTAINING THE GROUNDS, ROADS, PARKS, AND BEACHES, AND A LAKE THAT ARE OPEN TO THE GENERAL PUBLIC. BENT TREE COMMUNITY ALSO PROVIDES PUBLIC SAFETY.
THE COMMUNITY PROVIDES RECREATIONAL ACTIVITIES LED BY VOLUNTEERS AND OFFERS A WIDE VARIETY OF RECREATIONAL AND SOCIAL EXPERIENCES. THE FACILITIES INCLUDES 2 SWIMMING POOLS, TENNIS COURTS, AN 18-HOLE CLASS A PGA PROFESSIONAL GOLF COURSE, AN EQUESTRIAN CENTER, AND A LAKE FOR THE ENJOYMENT OF RESIDENTS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Fowler General Manager | 40 | $134,817 | |
Edie Stephens Director | Trustee | 20 | $0 |
Laird Carmichael Director | Trustee | 20 | $0 |
Glen Harris President | OfficerTrustee | 20 | $0 |
Gary Pyott Director | Trustee | 20 | $0 |
Tom Robinson Vice President | OfficerTrustee | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Foods Food Service | 12/30/22 | $126,015 |
Nationwide Retirement Plans 401(k) Plan Admin | 12/30/22 | $204,807 |
Nowack Howard Llc Legal | 12/30/22 | $163,962 |
United Community Bank Cardmember Service Credit Card Service | 12/30/22 | $154,025 |
Southeastern Tank Inc Tank Distributor | 12/30/22 | $348,894 |
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 | $5,559,883 |
| Investment income | $6,703 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,353 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$136,797 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,324,646 |
| 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. | $119,208 |
| Compensation of current officers, directors, key employees. | $23,842 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,736,925 |
| Pension plan accruals and contributions | $82,224 |
| Other employee benefits | $410,903 |
| Payroll taxes | $231,343 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,364 |
| Fees for services: Accounting | $19,561 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,015 |
| Advertising and promotion | $9,031 |
| Office expenses | $0 |
| Information technology | $65,230 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,612 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $720,315 |
| Insurance | $210,298 |
| All other expenses | $267,060 |
| Total functional expenses | $6,530,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,225,964 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $345,303 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,779 |
| Prepaid expenses and deferred charges | $46,922 |
| Net Land, buildings, and equipment | $9,256,843 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $186,305 |
| Total assets | $12,087,116 |
| Accounts payable and accrued expenses | $80,886 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,200,316 |
| Total liabilities | $2,281,202 |
| 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 | -$205,924 |
| Retained earnings, endowment, accumulated income, or other funds | $10,011,838 |
| Total liabilities and net assets/fund balances | $12,087,116 |