Franklin Country Club Inc
- Assets
- $1.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 40
- Location
- Franklin, KY
- Founding
- 02/1964
- Data as of
- 09/2022
- EIN
- 61-0486804
Organization Overview
Franklin Country Club Inc is located in Franklin, KY. The organization was established in 1964. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2022, Franklin Country Club Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin 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, Franklin Country Club Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.1m during the year ending 09/2022. While expenses have increased by 6.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE RECREATIONAL FACILITY FOR MEMBERS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE RESTAURANT, GOLF COURSE, SWIMMING POOL AND TENNIS FACILITIES FOR MEMBERS AND THEIR FAMILIES
.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Hudson Director & Pool Manager | Trustee | 10 | $5,759 |
Brandy Coates Secretary | OfficerTrustee | 1 | $0 |
Mark Hunter President | OfficerTrustee | 1 | $0 |
Hunter Bowen Vice-President | OfficerTrustee | 1 | $0 |
Jamie Spears Director | Trustee | 1 | $0 |
Paul Raines Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $772,935 |
| 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 | $772,935 |
| Total Program Service Revenue | $246,363 |
| Investment income | $1,598 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $139,234 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,165,080 |
| 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. | $5,759 |
| Compensation of current officers, directors, key employees. | $1,428 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $425,010 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,379 |
| Payroll taxes | $35,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,325 |
| Office expenses | $25,727 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $121,919 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $243 |
| Interest | $22,519 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $120,381 |
| Insurance | $21,349 |
| All other expenses | $0 |
| Total functional expenses | $1,084,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,854 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84,324 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,459 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,142,970 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200 |
| Total assets | $1,483,807 |
| Accounts payable and accrued expenses | $10,979 |
| 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 | $688,535 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $699,514 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$134,049 |
| Paid-in or capital surplus, or land, building, or equipment fund | $305,800 |
| Retained earnings, endowment, accumulated income, or other funds | $612,542 |
| Total liabilities and net assets/fund balances | $1,483,807 |
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 |