Golf Club Of Tennessee
- Assets
- $25.1m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 127
- Location
- Kingston Springs, TN
- Founding
- 07/1989
- Data as of
- 12/2021
- EIN
- 58-1831848
Organization Overview
Golf Club Of Tennessee is located in Kingston Springs, TN. The organization was established in 1989. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Golf Club Of Tennessee employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golf Club Of Tennessee 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, Golf Club Of Tennessee generated $8.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $8.4m during the year ending 12/2021. While expenses have increased by 8.1% 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
THE GOLF CLUB OF TENNESSEE WAS ESTABLISHED FOR MEMBERS TO ENJOY GOLF AS IT SHOULD BE PLAYED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATIONAL COSTS RELATED TO THE FUNCTION OF THIS PRIVATE GOLF CLUB.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wieck Construction Llc Construction Services | 12/30/21 | $585,922 |
Ingram Entertainment Accounting, Legal, It, And Hr Services | 12/30/21 | $287,088 |
Montgomery Classic Construction Bag Drop Construction | 12/30/21 | $173,607 |
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 | $7,143,497 |
| Investment income | $21,996 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $443,160 |
| Net Gain/Loss on Asset Sales | -$11,555 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $582,330 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,179,428 |
| 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 | $193,164 |
| 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 | $3,128,591 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $241,467 |
| Payroll taxes | $273,378 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $320,842 |
| Advertising and promotion | $44,209 |
| Office expenses | $380,667 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $531,989 |
| Travel | $6,385 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,611 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,963,991 |
| Insurance | $159,176 |
| All other expenses | $507,430 |
| Total functional expenses | $8,401,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$15,792 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $773,540 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $496,486 |
| Inventories for sale or use | $263,312 |
| Prepaid expenses and deferred charges | $83,866 |
| Net Land, buildings, and equipment | $23,466,975 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,153 |
| Total assets | $25,072,540 |
| Accounts payable and accrued expenses | $208,862 |
| Grants payable | $0 |
| Deferred revenue | $6,824,269 |
| 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 | $5,263,386 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,296,517 |
| Net assets without donor restrictions | $12,776,023 |
| 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 | $25,072,540 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Golf Club Of Tennessee has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Toby S Wilt Foundation Nashville, TN PURPOSE: AID RECIPIENT'S CHARITABLE PURPOSE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |