Owensboro Country Club
- Assets
- $4.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 144
- Location
- Owensboro, KY
- Founding
- 07/1934
- Data as of
- 09/2022
- EIN
- 61-0515666
Organization Overview
Owensboro Country Club is located in Owensboro, KY. The organization was established in 1934. 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, Owensboro Country Club employed 144 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Owensboro 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 09/2022, Owensboro Country Club generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $2.0m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL CLUB FOR THE BENEFIT OF ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A COUNTRY CLUB, INCLUDING A GOLF COURSE, TENNIS COURTS, SWIMMING POOL, CLUBHOUSE, AND OTHER FACILITIES THAT ARE CUSTOMARILY PART OF A COUNTRY CLUB
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy King President | OfficerTrustee | 2 | $0 |
Robert Mcdole Vice President | OfficerTrustee | 2 | $0 |
John Yager III Secretary | OfficerTrustee | 2 | $0 |
Travis Robbins Treasurer | OfficerTrustee | 2 | $0 |
Adam Hancock Director | Trustee | 2 | $0 |
Chris Gaddis Director | Trustee | 2 | $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 | $1,396,154 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,396,154 |
| Total Program Service Revenue | $0 |
| Investment income | $2,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$632,784 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $147,433 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,762,907 |
| 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 | $904,206 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $74,826 |
| Payroll taxes | $91,891 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,771 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,165 |
| Office expenses | $3,539 |
| Information technology | $30,581 |
| Royalties | $0 |
| Occupancy | $89,071 |
| Travel | $2,608 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $60,386 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,410 |
| Insurance | $60,300 |
| All other expenses | $266,910 |
| Total functional expenses | $2,023,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,653 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $251,873 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $97,658 |
| Prepaid expenses and deferred charges | $277,467 |
| Net Land, buildings, and equipment | $4,005,447 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,941,098 |
| Accounts payable and accrued expenses | $321,451 |
| Grants payable | $1,800 |
| Deferred revenue | $56,677 |
| 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 | $1,518,943 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $129,659 |
| Total liabilities | $2,028,530 |
| Net assets without donor restrictions | $2,912,568 |
| 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 | $4,941,098 |
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|---|---|---|
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Union League Club Of Chicago Chicago, IL | $26,749,429 | $20,158,030 |
Missouri Athletic Club St Louis, MO | $22,640,194 | $18,091,674 |
Delta Zeta Nat'l Housing Co (group Return) Oxford, OH | $23,862,160 | $20,580,612 |
Alpha Chi Omega Fraternity Inc Indianapolis, IN | $29,119,055 | $16,507,869 |
Hillwood Country Club Nashville, TN | $28,189,115 | $15,197,355 |
Belle Meade Country Club Nashville, TN | $42,979,255 | $14,973,436 |
Butterfield Country Club Oak Brook, IL | $37,524,568 | $14,281,799 |
University Club Of Chicago Chicago, IL | $40,558,650 | $14,990,991 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |