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 12/2022, Golf Club Of Tennessee employed 140 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 12/2022, Golf Club Of Tennessee generated $9.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $9.0m during the year ending 12/2022. While expenses have increased by 6.7% 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
2022
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed President | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
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 |
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 | $7,949,411 |
Investment income | $20,332 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $557,732 |
Net Gain/Loss on Asset Sales | $100,091 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $743,782 |
Miscellaneous Revenue | $0 |
Total Revenue | $9,371,348 |
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 | $221,830 |
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 | $3,369,538 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $286,634 |
Payroll taxes | $307,840 |
Fees for services: Management | $0 |
Fees for services: Legal | $5,375 |
Fees for services: Accounting | $21,525 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $299,433 |
Advertising and promotion | $7,710 |
Office expenses | $719,680 |
Information technology | $59,046 |
Royalties | $0 |
Occupancy | $364,492 |
Travel | $15,872 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $37,061 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,981,338 |
Insurance | $172,390 |
All other expenses | $399,529 |
Total functional expenses | $8,980,889 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $33,438 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $784,285 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $376,837 |
Inventories for sale or use | $398,825 |
Prepaid expenses and deferred charges | $96,453 |
Net Land, buildings, and equipment | $22,644,536 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,153 |
Total assets | $24,338,527 |
Accounts payable and accrued expenses | $565,658 |
Grants payable | $0 |
Deferred revenue | $7,562,540 |
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 | $3,136,347 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $11,264,545 |
Net assets without donor restrictions | $13,073,982 |
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 | $24,338,527 |