Chickasaw Country Club
- Assets
- $10.5m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 204
- Location
- Memphis, TN
- Founding
- 10/1945
- Data as of
- 11/2021
- EIN
- 62-0157840
Organization Overview
Chickasaw Country Club is located in Memphis, TN. The organization was established in 1945. 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 11/2021, Chickasaw Country Club employed 204 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chickasaw 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 11/2021, Chickasaw Country Club generated $7.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $6.9m during the year ending 11/2021. While expenses have increased by 3.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTAURANT AND BAR SALES, GOLF, TENNIS, SWIMMING, DINING AND SOCIAL ACTIVITIES WERE PROVIDED TO THE CLUB'S MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Napolitano General Manager | Officer | 40 | $253,622 |
Duncan Howell Director Of Tennis | Officer | 40 | $158,807 |
C Daniel Stump Greens Superintendent | 40 | $132,809 | |
Daniel Shinebarger Golf Professional | 40 | $123,627 | |
Debbie C Christopher Asst. Secty/treasurer | OfficerTrustee | 40 | $82,825 |
Nathan W Raines Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,899,952 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $880,920 |
| 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 | $3,780,872 |
| Total Program Service Revenue | $1,364,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,312 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,731,131 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,914,589 |
| 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. | $374,280 |
| Compensation of current officers, directors, key employees. | $374,280 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,953,265 |
| Pension plan accruals and contributions | $49,976 |
| Other employee benefits | $335,904 |
| Payroll taxes | $268,248 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,660 |
| Fees for services: Accounting | $23,255 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,581 |
| Office expenses | $172,324 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $114,140 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $820,464 |
| Insurance | $183,216 |
| All other expenses | $394,704 |
| Total functional expenses | $6,911,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,516,291 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $418,033 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $81,950 |
| Prepaid expenses and deferred charges | $83,155 |
| Net Land, buildings, and equipment | $7,402,257 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,501,686 |
| Accounts payable and accrued expenses | $569,992 |
| Grants payable | $0 |
| Deferred revenue | $97,938 |
| 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 | $4,206,172 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,000 |
| Total liabilities | $4,877,102 |
| Net assets without donor restrictions | $5,624,584 |
| 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 | $10,501,686 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
Ansley Golf Club Atlanta, GA | $48,365,690 | $21,052,650 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |
Charlotte Country Club Inc Charlotte, NC | $46,999,419 | $24,642,018 |
Carolina Country Club Company Raleigh, NC | $25,311,282 | $14,725,345 |
Missouri Athletic Club St Louis, MO | $22,640,194 | $18,091,674 |
Alpha Delta Pi Sorority Atlanta, GA | $18,755,038 | $19,005,623 |
Dunwoody Country Club Inc Atlanta, GA | $25,487,572 | $16,307,962 |
Hillwood Country Club Nashville, TN | $28,189,115 | $15,197,355 |
Belle Meade Country Club Nashville, TN | $42,979,255 | $14,973,436 |
Augusta Country Club Incorporated Augusta, GA | $39,567,278 | $12,683,205 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |