Hurstbourne Country Club Inc
- Assets
- $14.9m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 230
- Location
- Louisville, KY
- Founding
- 07/1972
- Data as of
- 12/2023
- EIN
- 61-0708294
Organization Overview
Hurstbourne Country Club Inc is located in Louisville, KY. The organization was established in 1972. 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 12/2023, Hurstbourne Country Club Inc employed 230 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hurstbourne 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 12/2023, Hurstbourne Country Club Inc generated $7.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $7.1m during the year ending 12/2023. While expenses have increased by 4.9% per year over the past 9 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
HURSTBOURNE COUNTRY CLUB IS A PRIVATE SOCIAL CLUB PROVIDING RECREATIONAL AND SOCIAL ACTIVITIES FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF SOCIAL CLUB PROVIDING RECREATIONAL AND SOCIAL ACTIVITIES FOR ITS MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Jessee Treasurer | OfficerTrustee | 0.5 | $0 |
Holly Isaacs Director (thru 11.23) | Trustee | 0.5 | $0 |
Don Wirtzberger Past President | Trustee | 0.5 | $0 |
Will Foley President | OfficerTrustee | 0.5 | $0 |
Mark Porta Director | Trustee | 0.5 | $0 |
Eric Scott Vice President | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Buffalo Construction Inc Construction | 12/30/23 | $2,475,287 |
Medalist Golf Inc Golf Course Renovation | 12/30/23 | $983,331 |
Triple H Services Golf Course Maintenance | 12/30/23 | $248,339 |
Grassmasters Lawn Service | 12/30/23 | $168,377 |
Bob Ray Co Inc Tree Service | 12/30/23 | $139,139 |
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 | $18,428 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,428 |
| Total Program Service Revenue | $5,668,426 |
| Investment income | $25,941 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,356 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,315,513 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,473,589 |
| 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. | $590,491 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,546,500 |
| Pension plan accruals and contributions | $17,517 |
| Other employee benefits | $196,178 |
| Payroll taxes | $274,811 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,724 |
| Advertising and promotion | $0 |
| Office expenses | $148,552 |
| Information technology | $62,693 |
| Royalties | $0 |
| Occupancy | $269,887 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $121,709 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $644,093 |
| Insurance | $154,193 |
| All other expenses | $665,275 |
| Total functional expenses | $7,064,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $623,408 |
| Savings and temporary cash investments | $882,431 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $705,141 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $125,925 |
| Prepaid expenses and deferred charges | $26,908 |
| Net Land, buildings, and equipment | $12,245,182 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $311,981 |
| Total assets | $14,920,976 |
| Accounts payable and accrued expenses | $594,605 |
| 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 | $4,600,975 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $703,230 |
| Total liabilities | $5,898,810 |
| Net assets without donor restrictions | $9,022,166 |
| 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 | $14,920,976 |