Belle Meade Country Club
- Assets
- $44.7m
- Revenue
- $19.1m
- Investments
- $0.0
- Employees
- 371
- Location
- Nashville, TN
- Founding
- 01/1958
- Data as of
- 09/2022
- EIN
- 62-0128180
Organization Overview
Belle Meade Country Club is located in Nashville, TN. The organization was established in 1958. 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, Belle Meade Country Club employed 371 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belle Meade 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, Belle Meade Country Club generated $19.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $19.4m during the year ending 09/2022. While expenses have increased by 8.1% 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
A COUNTRY CLUB PROVIDING MEMBERS WITH GOLF, TENNIS, FITNESS, RESTAURANT & BANQUET FACILITIES, AND SOCIAL PLEASURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A COUNTRY CLUB PROVIDING MEMBERS WITH GOLF, TENNIS, FITNESS, RESTAURANT & BANQUET FACILITIES, AND SOCIAL PLEASURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur C Best Jr President | OfficerTrustee | 1 | $0 |
Tom Hooper Vice President | OfficerTrustee | 1 | $0 |
Fred Russell Harwell Secretary | OfficerTrustee | 2 | $0 |
Allen Oakley Treasurer | OfficerTrustee | 2 | $0 |
Mark R Banks Director | Trustee | 0.5 | $0 |
W Douglas Mcdowell Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clint Parish Carpentry | 9/29/16 | $126,175 |
Mary Follin Design Interior Design | 9/29/16 | $122,262 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $14,940,161 |
| Investment income | $276 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $217,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,977,565 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,135,002 |
| 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. | $449,418 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,024,953 |
| Pension plan accruals and contributions | $201,352 |
| Other employee benefits | $747,019 |
| Payroll taxes | $657,619 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,371 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $385,673 |
| Advertising and promotion | $0 |
| Office expenses | $5,732 |
| Information technology | $150,907 |
| Royalties | $0 |
| Occupancy | $1,344,112 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $91,841 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,551,508 |
| Insurance | $515,951 |
| All other expenses | $406,996 |
| Total functional expenses | $19,380,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,156,561 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,425,962 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $490,693 |
| Prepaid expenses and deferred charges | $96,222 |
| Net Land, buildings, and equipment | $40,510,855 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $44,680,293 |
| Accounts payable and accrued expenses | $1,395,806 |
| Grants payable | $0 |
| Deferred revenue | $1,422,092 |
| 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 | $5,817,898 |
| Net assets without donor restrictions | $38,862,395 |
| 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 | $44,680,293 |