Louisville Country Club
- Assets
- $18.2m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 215
- Location
- Louisville, KY
- Founding
- 07/1935
- Data as of
- 09/2023
- EIN
- 61-0263930
Organization Overview
Louisville Country Club is located in Louisville, KY. The organization was established in 1935. 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 09/2023, Louisville Country Club employed 215 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisville 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 09/2023, Louisville Country Club generated $8.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $6.6m during the year ending 09/2023. While expenses have increased by 4.0% per year over the past 8 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
SOCIAL ORGANIZATION OPERATED FOR THE BENEFIT OF THE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION'S PURPOSE IS TO PROVIDE RECREATIONAL FACILITIES TO CLUB MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Ronan General Manager | Officer | 40 | $226,182 |
R Eric Kehres Golf Course Superintendent | 40 | $209,626 | |
Magnus Gustafsson Head Tennis Professional | 40 | $188,884 | |
Scott Sedgwick Head Golf Professional | 40 | $146,336 | |
James D Stage Executive Chef | 40 | $134,897 | |
Steve Voigt Controller | Officer | 40 | $17,377 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Louisville Paving Company Paving Services | 9/29/23 | $981,133 |
Triple H Services Llc Ground Services | 9/29/23 | $350,727 |
K Norman Berry Associates Architect Services | 9/29/23 | $124,842 |
Phoenix Pool Llc Pool Services | 9/29/23 | $299,003 |
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 | $6,395,584 |
| Investment income | $11,715 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$81,622 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$590,912 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,427,467 |
| 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. | $252,086 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,054,911 |
| Pension plan accruals and contributions | $123,614 |
| Other employee benefits | $282,753 |
| Payroll taxes | $180,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,962 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $886,366 |
| Advertising and promotion | $7,696 |
| Office expenses | $340,256 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $643,529 |
| Travel | $9,263 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,347 |
| Interest | $19,609 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,049,366 |
| Insurance | $127,382 |
| All other expenses | $31,653 |
| Total functional expenses | $6,608,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,812,781 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $690,978 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $117,667 |
| Prepaid expenses and deferred charges | $110,393 |
| Net Land, buildings, and equipment | $15,264,800 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $237,902 |
| Total assets | $18,234,521 |
| Accounts payable and accrued expenses | $719,706 |
| 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 | $117,698 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $374,656 |
| Total liabilities | $1,212,060 |
| Net assets without donor restrictions | $17,022,461 |
| 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 | $18,234,521 |