The information for Belle Meade Country Club is as of the organization's most recent filing in September '21. This organization is located in Nashville, TN. It has been in existence for 63 years, following its founding in 1958.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Belle Meade Country Club's NTEE code is N60. The "N" tells us that the organization is classified along with Recreation & Sports. The "60" tells us that the organization is involved in Amateur Sports. The NTEE describes Amateur Sports organizations as those that provide opportunities for people of all ages to learn, become competitive in, and enjoy organized recreational activities, sports, or games of their choice. These programs may be offered by local clubs and provide coaching assistance, access to equipment and facilities, and may sponsor athletes to participate in amateur competitions. The Belle Meade Country Club's mission is to provide its members with golf, tennis, fitness, restaurant and banquet facilities, and social pleasure.
The organization's general fund encompasses all revenues, support, and functional expenses that are not specifically reported by another fund or program. This includes a country club that offers its members various amenities such as golf, tennis, fitness facilities, a restaurant, banquet facilities, and social activities for their enjoyment.
Belle Meade Country Club is run by Richard E Francis Jr, who is the President of the organization. The country club has a relatively small labor force, with 346 employees. Out of these employees, only 10 are paid over $100k per year. Unlike some other organizations, Belle Meade Country Club does not have any volunteers supporting its staff.
Belle Meade Country Club appears to be well-governed based on the information provided. The organization has a total of 9 voting members, all of whom are independent, indicating a diverse and unbiased decision-making process. This ensures that the organization's best interests are prioritized without any potential conflicts of interest. The fact that board meetings and committee meetings are documented further demonstrates the organization's commitment to transparency and accountability. This documentation allows for a clear record of discussions, decisions, and actions taken, ensuring that all members are informed and involved in the governance process. Belle Meade Country Club also has a conflict of interest policy in place, which requires disclosure of any potential conflicts. This policy helps to prevent any personal or financial interests from influencing decision-making and ensures that the organization's actions are solely focused on its mission and objectives. Additionally, the organization has a document retention policy, which indicates that it values the proper storage and preservation of important records. This policy helps to ensure that critical information is readily accessible when needed and can be used for reference or auditing purposes. Furthermore, Belle Meade Country Club substantiates and reviews leadership and officer's salaries. This practice demonstrates a commitment to fair compensation and ensures that salaries are reasonable and in line with the organization's financial resources. Overall, Belle Meade Country Club appears to have effective governance practices in place, promoting transparency, accountability, and ethical decision-making within the organization.
The Belle Meade Country Club has experienced growth over the given time period. Contributions and grants received increased from $8.7M in 2014 to $10.7M in 2020. Program service revenue also increased from $1.8M in 2014 to $2.6M in 2020. Other revenue also saw an increase from $1.5M in 2014 to $1.7M in 2020. Total revenue increased from $12.0M in 2014 to $15.0M in 2020. Employee salaries increased from $5.6M in 2014 to $6.3M in 2020. Total expenses also increased from $10.8M in 2014 to $13.9M in 2020. Additionally, the total number of employees increased from 341 in 2014 to 346 in 2020. Overall, these indicators suggest that the Belle Meade Country Club has grown over the given time period.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael D Seabrook General Manager | Officer | 40 | $428,498 |
James O Peacock Head Golf Professional | 40 | $373,064 | |
John R Yancey Head Tennis Professional | 40 | $316,931 | |
Seth Shipley Executive Chef | 40 | $215,633 | |
Douglas Ward Golf Course Superintendent | 40 | $199,767 | |
Kevin Walker Tennis Professional | 40 | $169,573 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Clint Parish Carpentry | 9/29/16 | $126,175 |
Mary Follin Design Interior Design | 9/29/16 | $122,262 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $10,710,417 |
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 | $10,710,417 |
Total Program Service Revenue | $2,564,564 |
Investment income | $98 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $700 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$461,912 |
Miscellaneous Revenue | $0 |
Total Revenue | $14,973,436 |
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. | $428,498 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $4,644,325 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $226,646 |
Other employee benefits | $918,986 |
Payroll taxes | $588,226 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $17,200 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $132,719 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $42,388 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,318,970 |
Insurance | $342,516 |
All other expenses | $1,401,213 |
Total functional expenses | $13,868,861 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $62,236 |
Savings and temporary cash investments | $1,161,255 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,186,154 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $428,223 |
Prepaid expenses and deferred charges | $97,458 |
Net Land, buildings, and equipment | $37,892,047 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,151,882 |
Total assets | $42,979,255 |
Accounts payable and accrued expenses | $1,253,193 |
Grants payable | $0 |
Deferred revenue | $2,979,433 |
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 | $3,000,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $7,232,626 |
Net assets without donor restrictions | $35,746,629 |
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 | $42,979,255 |
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