Chickasaw Country Club
- Assets
- $13.7m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 248
- Location
- Memphis, TN
- Founding
- 10/1945
- Data as of
- 11/2023
- 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 11/2023, Chickasaw Country Club employed 248 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 11/2023, Chickasaw Country Club generated $8.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $8.1m during the year ending 11/2023. While expenses have increased by 4.7% 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
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 |
|---|---|---|---|
Nathan W Raines President | OfficerTrustee | 1 | $0 |
Jack M Sammons Vice-President | OfficerTrustee | 1 | $0 |
William H Jones III Secretary | OfficerTrustee | 1 | $0 |
Michael V Landrum Treasurer | OfficerTrustee | 1 | $0 |
Douglas M Alrutz Entertainment Chair | Trustee | 1 | $0 |
Richard Anderson Fitness/pool Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,165,418 |
| 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 | $3,165,418 |
| Total Program Service Revenue | $1,649,072 |
| Investment income | $15,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,139 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,021,260 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,478,509 |
| 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. | $499,026 |
| Compensation of current officers, directors, key employees. | $499,026 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,534,806 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $449,248 |
| Payroll taxes | $336,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,060 |
| Fees for services: Accounting | $16,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $81,196 |
| Office expenses | $202,394 |
| 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 | $43,051 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,044,041 |
| Insurance | $233,304 |
| All other expenses | $480,086 |
| Total functional expenses | $8,128,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,355,049 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $525,766 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $76,160 |
| Prepaid expenses and deferred charges | $113,522 |
| Net Land, buildings, and equipment | $10,568,889 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,044,906 |
| Total assets | $13,684,292 |
| Accounts payable and accrued expenses | $525,133 |
| Grants payable | $0 |
| Deferred revenue | $3,919,032 |
| 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 | $2,194,355 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,000 |
| Total liabilities | $6,649,520 |
| Net assets without donor restrictions | $7,034,772 |
| 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 | $13,684,292 |