Signal Mountain Golf & Country Club
- Assets
- $5.6m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 126
- Location
- Signal Mountain, TN
- Founding
- 12/1957
- Data as of
- 12/2022
- EIN
- 62-0357050
Organization Overview
Signal Mountain Golf & Country Club is located in Signal Mountain, TN. The organization was established in 1957. 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, Signal Mountain Golf & Country Club employed 126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Signal Mountain Golf & 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 12/2022, Signal Mountain Golf & Country Club generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $3.4m during the year ending 12/2022. While expenses have increased by 10.7% per year over the past 4 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
TO PROVIDE GOLF FACILITIES AND A SOCIAL CLUB PROMOTING FELLOWSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF AND SOCIAL CLUB PROMOTING FELLOWSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Sikes President | OfficerTrustee | 1 | $0 |
Rob Pearse Vice President | OfficerTrustee | 1 | $0 |
David Marks Secretary | OfficerTrustee | 1 | $0 |
Nick Carden Treasurer | OfficerTrustee | 1 | $0 |
Arch Trimble IV Director | Trustee | 1 | $0 |
Andrew Guth 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 | $3,549,515 |
| Investment income | $14,994 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $165,153 |
| Net Gain/Loss on Asset Sales | -$38,949 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,690,713 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,262,892 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,120 |
| Payroll taxes | $118,236 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,041 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,530 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $17,111 |
| Royalties | $0 |
| Occupancy | $187,731 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,370 |
| Interest | $38,118 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $217,558 |
| Insurance | $48,450 |
| All other expenses | $1,393,846 |
| Total functional expenses | $3,360,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $346,531 |
| Savings and temporary cash investments | $297,133 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $359,967 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $106,060 |
| Prepaid expenses and deferred charges | $3,900 |
| Net Land, buildings, and equipment | $3,744,136 |
| Investments—publicly traded securities | $763,381 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,621,108 |
| Accounts payable and accrued expenses | $213,094 |
| Grants payable | $0 |
| Deferred revenue | $250,122 |
| 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 | $2,472,918 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,936,134 |
| Net assets without donor restrictions | $2,684,974 |
| 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 | $5,621,108 |