Chattanooga Golf And Country Club
- Assets
- $27.6m
- Revenue
- $12.9m
- Investments
- $0.0
- Employees
- 239
- Location
- Chattanooga, TN
- Founding
- 03/1935
- Data as of
- 09/2023
- EIN
- 62-0156100
Organization Overview
Chattanooga Golf And Country Club is located in Chattanooga, TN. The organization was established in 1935. 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 09/2023, Chattanooga Golf And Country Club employed 239 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chattanooga Golf And 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 09/2023, Chattanooga Golf And Country Club generated $12.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $9.3m during the year ending 09/2023. While expenses have increased by 5.9% per year over the past 8 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
OUR MISSION IS TO PROVIDE CHATTANOOGA'S MOST DESIRABLE GOLF AND COUNTRY CLUB MEMBER EXPERIENCE AND SUSTAIN IT FOR FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHATTANOOGA GOLF AND COUNTRY CLUB SERVES MANY MEMBERS AND ITS PURPOSE IS TO OWN, OPERATE AND MAINTAIN A PRIVATE CLUB FOR THE RECREATION, PLEASURE AND BENEFIT OF ITS MEMBERS AND ASSOCIATES. THE CLUB FACILITIES INCLUDE A RENOWNED GOLF COURSE, A CLUBHOUSE, FEATURING THREE FULL-SERVICE DINING ROOMS AND FIVE BANQUET ROOMS; A FAMILY ACTIVITIES CENTER, WHICH INCLUDES TWO SWIMMING POOLS, A FITNESS CENTER, LOCKER ROOMS, CHILDCARE FACILITIES, TENNIS COURTS; AND ADDITIONAL DINING OPTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Young President | OfficerTrustee | 2 | $0 |
Mark Degler Vice President | OfficerTrustee | 2 | $0 |
Patrick Bradshaw Treasurer | OfficerTrustee | 2 | $0 |
Hugh Sharber Secretary | OfficerTrustee | 2 | $0 |
Andy Mcdaniel Director | Trustee | 0.5 | $0 |
Dexter White Director | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,441,537 |
| Investment income | $336,123 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$601 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,093,201 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,870,260 |
| 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. | $272,618 |
| Compensation of current officers, directors, key employees. | $272,618 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,295,974 |
| Pension plan accruals and contributions | $96,090 |
| Other employee benefits | $359,467 |
| Payroll taxes | $346,684 |
| Fees for services: Management | $30,688 |
| Fees for services: Legal | $2,620 |
| Fees for services: Accounting | $0 |
| 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 | $181,290 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $367,659 |
| Travel | $3,149 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $57,956 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,259,834 |
| Insurance | $173,514 |
| All other expenses | $924,061 |
| Total functional expenses | $9,342,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,377,528 |
| Savings and temporary cash investments | $10,391,939 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,282,452 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $380,478 |
| Prepaid expenses and deferred charges | $123,813 |
| Net Land, buildings, and equipment | $13,154,198 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $880,387 |
| Total assets | $27,590,795 |
| Accounts payable and accrued expenses | $1,089,540 |
| Grants payable | $0 |
| Deferred revenue | $301,375 |
| 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 | $5,241,474 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $883,286 |
| Total liabilities | $7,515,675 |
| Net assets without donor restrictions | $20,075,120 |
| 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 | $27,590,795 |