High Point Golf Club Inc
- Assets
- $475.2k
- Revenue
- $449.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Brooksville, FL
- Founding
- 08/1983
- Data as of
- 12/2021
- EIN
- 59-1680331
Organization Overview
High Point Golf Club Inc is located in Brooksville, FL. The organization was established in 1983. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, High Point Golf Club Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Point Golf Club Inc 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, High Point Golf Club Inc generated $449.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $408.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. 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
CLUB MEMBER SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE RELATED ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Mason Treasurer | Officer | 0 | $0 |
Roseann Burgess Secretary | Officer | 0 | $0 |
Daniel Sanborn Vice President | Officer | 0 | $0 |
Cindy Williams President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $292,742 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,113 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $309,855 |
| Total Program Service Revenue | $136,940 |
| Investment income | $11 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $449,435 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,040 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,018 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,098 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,700 |
| Advertising and promotion | $584 |
| Office expenses | $4,585 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,654 |
| Travel | $2,965 |
| 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 | $13,781 |
| Insurance | $16,450 |
| All other expenses | $0 |
| Total functional expenses | $408,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,993 |
| Savings and temporary cash investments | $118,467 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $510 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,058 |
| Prepaid expenses and deferred charges | $3,176 |
| Net Land, buildings, and equipment | $221,652 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,305 |
| Total assets | $475,161 |
| Accounts payable and accrued expenses | $0 |
| 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 | $33,676 |
| Total liabilities | $33,676 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $273,072 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $168,413 |
| Total liabilities and net assets/fund balances | $475,161 |
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|---|---|---|
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U S Kids Golf Foundation Inc Norcross, GA | $6,729,022 | $10,107,492 |
Boca Rio Golf Club Inc Boca Raton, FL | $25,376,500 | $8,924,090 |
The Golf Club At Palmira Inc Bonita Springs, FL | $17,478,158 | $5,448,490 |