Bellefonte Country Club
- Assets
- $3.0m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 123
- Location
- Ashland, KY
- Founding
- 02/1938
- Data as of
- 02/2023
- EIN
- 61-0131100
Organization Overview
Bellefonte Country Club is located in Ashland, KY. The organization was established in 1938. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 02/2023, Bellefonte Country Club employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bellefonte Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 02/2023, Bellefonte Country Club generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $3.1m during the year ending 02/2023. While expenses have increased by 2.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE SOCIAL AND RECREATIONAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES TO PROVIDE GOLF, TENNIS, SWIMMING, DINING AND OTHER SOCIAL AND RECREATIONAL ACTIVITIES TO APPROXIMATELY 450 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Bostic General Mana | Officer | 40 | $123,180 |
Rob Golden Board Member | Trustee | 2 | $0 |
Sean Horne Board Member | Trustee | 2 | $0 |
Laura Patrick Sec/tres | Trustee | 5 | $0 |
Rick Clark Board Member | Trustee | 2 | $0 |
Leigh Billups Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,487,352 |
| 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 | $1,487,352 |
| Total Program Service Revenue | $1,406,561 |
| Investment income | $46 |
| 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 | $3,122,990 |
| 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 | $1,295,007 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $114,829 |
| Payroll taxes | $123,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,168 |
| Office expenses | $54,459 |
| Information technology | $26,837 |
| Royalties | $0 |
| Occupancy | $166,767 |
| Travel | $735 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $259 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $224,383 |
| Insurance | $52,737 |
| All other expenses | $272,163 |
| Total functional expenses | $3,064,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,814 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $83,219 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $137,439 |
| Prepaid expenses and deferred charges | $23,906 |
| Net Land, buildings, and equipment | $2,499,839 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,989,217 |
| Accounts payable and accrued expenses | $131,194 |
| 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 | $592,151 |
| Total liabilities | $723,345 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $74,400 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,191,472 |
| Total liabilities and net assets/fund balances | $2,989,217 |