Golf Club Of Tennessee
- Assets
- $24.3m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 140
- Location
- Kingston Springs, TN
- Founding
- 07/1989
- Data as of
- 12/2022
- 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 12/2022, 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.
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Board, Officers & Key Employees
| 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 |
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 | $7,949,411 |
| 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 |