Winchester Country Club
- Assets
- $1.1m
- Revenue
- $502.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Winchester, KY
- Founding
- 05/1945
- Data as of
- 10/2020
- EIN
- 61-0385445
Organization Overview
Winchester Country Club is located in Winchester, KY. The organization was established in 1945. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winchester 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 10/2020, Winchester Country Club generated $502.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $472.4k during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A SOCIAL CLUB AS DEFINED IN IRC SECTION 501(C)(7). THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE GOLF, SWIMMING, TENNIS AND DINING FACILITIES FOR THE USE OF ITS MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE - 202 MEMBERS
TENNIS & SWIMMING - 267 MEMBERS
MISCELLANEOUS SOCIAL FUNCTIONS FOR MEMBERS - 212 MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Tierney Treasurer | OfficerTrustee | 1 | $0 |
Gene Culton Vice President | OfficerTrustee | 1 | $0 |
Jason Rainey Secretary | OfficerTrustee | 1 | $0 |
Danny Muncie President | OfficerTrustee | 1 | $0 |
Jim Powell Director | Trustee | 1 | $0 |
Rex Smith Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $463,665 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$21,899 |
| Net Gain/Loss on Asset Sales | $6,873 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $502,702 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $167,757 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,089 |
| Fees for services: Management | $2,312 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,776 |
| Advertising and promotion | $650 |
| Office expenses | $1,958 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,891 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,174 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,332 |
| Insurance | $10,834 |
| All other expenses | $0 |
| Total functional expenses | $472,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,933 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,121,618 |
| Accounts payable and accrued expenses | $8,635 |
| Grants payable | $0 |
| Deferred revenue | $29,957 |
| 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 | $376,124 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,844 |
| Total liabilities | $423,560 |
| 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 |
| Total liabilities and net assets/fund balances | $698,058 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bellehaven Country Club Inc Alexandria, VA | $40,402,944 | $17,085,559 |
Pi Beta Phi Fraternity Housing Corporation Town Country, MO | $77,087,429 | $19,221,332 |
Olympia Fields Country Club Olympia Fields, IL | $30,077,528 | $14,988,630 |
Willow Oaks Country Club Inc Richmond, VA | $15,889,652 | $10,037,529 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
Academy Of Model Aeronautics Ama Muncie, IN | $14,826,959 | $9,207,922 |
Twin Orchard Country Club Long Grove, IL | $7,888,847 | $8,779,508 |
Kinloch Golf Association Corp ManakinSabot, VA | $45,313,161 | $8,251,750 |
Briarwood Country Club Deerfield, IL | $16,862,462 | $7,936,936 |
Lakewood Country Club Company Westlake, OH | $13,232,237 | $7,948,852 |
Idle Hour Country Club Inc Lexington, KY | $13,827,877 | $6,560,806 |
Chicago Club Chicago, IL | $23,297,083 | $6,965,290 |