Ridgeway Country Club Inc
- Assets
- $13.9m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 269
- Location
- Memphis, TN
- Founding
- 03/1943
- Data as of
- 12/2022
- EIN
- 62-0337895
Organization Overview
Ridgeway Country Club Inc is located in Memphis, TN. The organization was established in 1943. 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 12/2022, Ridgeway Country Club Inc employed 269 individuals. This organization is the central organization for a national or regional group of organizations. Ridgeway Country Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Ridgeway Country Club Inc generated $7.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $6.2m during the year ending 12/2022. While expenses have increased by 6.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL COUNTRY CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE AND RELATED ACTIVITIES - 815 MEMBERS
SWIMMING POOL, TENNIS, AND OTHER - 815 MEMBERS
CLUBHOUSE AND RELATED MEMBERSHIP ACTIVITIES - 815 MEMBERS
FOOD AND BEVERAGE - 815 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Silver Director | Trustee | 1 | $0 |
Art Seessel Director | Trustee | 1 | $0 |
Randy Fishman Vice President | OfficerTrustee | 1 | $0 |
David Wilder President | OfficerTrustee | 2 | $0 |
Sam Block Jr Secretary | OfficerTrustee | 1 | $0 |
Ed Gentry Director | Trustee | 1 | $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 | $6,725,680 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $332,781 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,058,461 |
| 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. | $296,888 |
| Compensation of current officers, directors, key employees. | $296,888 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,741,003 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $490,242 |
| Payroll taxes | $184,344 |
| Fees for services: Management | $85,038 |
| Fees for services: Legal | $1,534 |
| Fees for services: Accounting | $22,105 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $655,331 |
| Advertising and promotion | $34,721 |
| Office expenses | $127,199 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,601 |
| Interest | $255,836 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $707,466 |
| Insurance | $172,317 |
| All other expenses | $415,023 |
| Total functional expenses | $6,180,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $535,249 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $937,910 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $158,104 |
| Prepaid expenses and deferred charges | $65,826 |
| Net Land, buildings, and equipment | $11,250,374 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $984,757 |
| Total assets | $13,932,220 |
| Accounts payable and accrued expenses | $541,206 |
| Grants payable | $0 |
| Deferred revenue | $379,395 |
| 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 | $5,922,576 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $684,058 |
| Total liabilities | $7,527,235 |
| Net assets without donor restrictions | $6,404,985 |
| 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 | $13,932,220 |