Highland Country Club Inc
- Assets
- $3.4m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 100
- Location
- Fort Thomas, KY
- Founding
- 10/1965
- Data as of
- 09/2022
- EIN
- 61-0225185
Organization Overview
Highland Country Club Inc is located in Fort Thomas, KY. The organization was established in 1965. 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 09/2022, Highland Country Club Inc employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highland Country 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 09/2022, Highland Country Club Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $2.3m during the year ending 09/2022. While expenses have increased by 4.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION AT HIGHLAND COUNTRY CLUB IS TO PROVIDE OUR MEMBERS AND THEIR GUESTS WITH THE BEST POSSIBLE SERVICE AND FACILITIES AT ALL TIMES; TO ANTICIPATE THEIR WANTS AND TREAT THEM AT ALL TIMES IN AN INTERESTED HELPFUL, FRIENDLY AND GRACIOUS MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF CART USAGE INCLUDING CART RENTAL - APPROXIMATELY 12,431 ROUNDS OF GOLF, SWIMMING POOL, CLUBHOUSE AND BOWLING ALLEY USED BY MEMBERS.
RESTAURANT AND BAR FACILITIES FOR APPROXIMATELY 316 MEMBERS. NON MEMBER PATRONAGE REPORTED ON FORM 990-T AT APPROXIMATELY 13% OF SALES.
SWIMMING POOL AND BOWLING ALLEYS USED BY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Hardesty Secretary | OfficerTrustee | 2 | $0 |
Jack Buecker President | OfficerTrustee | 5 | $0 |
Dave Haas Treasurer | OfficerTrustee | 2 | $0 |
Michael Kessling Jr Vice-President | OfficerTrustee | 3 | $0 |
Dave Carpenter Director | Trustee | 1 | $0 |
Kevin David Director | Trustee | 1 | $0 |
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 | $1,975,345 |
| Investment income | $437 |
| 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 | $460,855 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,436,637 |
| 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 | $1,086,157 |
| Pension plan accruals and contributions | $5,929 |
| Other employee benefits | $96,823 |
| Payroll taxes | $93,500 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,676 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $133,168 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,209 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,228 |
| Insurance | $36,837 |
| All other expenses | $81,741 |
| Total functional expenses | $2,254,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $382,486 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $145,691 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,359 |
| Prepaid expenses and deferred charges | $32,417 |
| Net Land, buildings, and equipment | $2,765,605 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,352,558 |
| Accounts payable and accrued expenses | $182,913 |
| 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 | $641,656 |
| Other liabilities | $0 |
| Total liabilities | $824,569 |
| Net assets without donor restrictions | $0 |
| 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 | $2,527,989 |
| Total liabilities and net assets/fund balances | $3,352,558 |
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