Ballard County Country Club
- Assets
- $436.7k
- Revenue
- $207.3k
- Investments
- $0.0
- Employees
- 6
- Location
- La Center, KY
- Founding
- 07/1967
- Data as of
- 12/2023
- EIN
- 61-6040905
Organization Overview
Ballard County Country Club is located in La Center, KY. The organization was established in 1967. 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 12/2023, Ballard County Country Club employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ballard County 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 12/2023, Ballard County Country Club generated $207.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $202.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEMBERS WITH A GOLF COURSE AND OTHER FACILITIES FOR PRIVATE ENTERTAINMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ENTITY PROVIDES SERVICES FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kreg Denton Director | Trustee | 5 | $0 |
Tyler Pittman Director | Trustee | 5 | $0 |
Mike Pace Director | Trustee | 5 | $0 |
Mike Jones Director | Trustee | 5 | $0 |
Rex Powell Chairman | Officer | 10 | $0 |
Terra Bowles Secretary | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $156,966 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,000 |
| 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 | $205,966 |
| Total Program Service Revenue | $15,565 |
| Investment income | $7,002 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$21,202 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $207,331 |
| 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 | $39,637 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,029 |
| Fees for services: Management | $13,575 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $747 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $572 |
| Advertising and promotion | $107 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,937 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,850 |
| Insurance | $11,748 |
| All other expenses | -$385 |
| Total functional expenses | $201,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,495 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,876 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $185,917 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,406 |
| Net Land, buildings, and equipment | $80,008 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15 |
| Total assets | $436,717 |
| Accounts payable and accrued expenses | $0 |
| 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 | $34,184 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $34,184 |
| Net assets without donor restrictions | $402,533 |
| 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 | $436,717 |