Hillwood Country Club
- Assets
- $36.2m
- Revenue
- $23.6m
- Investments
- $0.0
- Employees
- 405
- Location
- Nashville, TN
- Founding
- 12/1956
- Data as of
- 12/2023
- EIN
- 62-0535663
Organization Overview
Hillwood Country Club is located in Nashville, TN. The organization was established in 1956. 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 12/2023, Hillwood Country Club employed 405 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hillwood 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 12/2023, Hillwood Country Club generated $23.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $16.9m during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 9 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
PROVIDING THE ORGANIZATION'S MEMBERS AND THEIR GUESTS WITH ALL THE USUAL PRIVILEGES, ADVANTAGES, CONVENIENCES AND ACCOMMODATIONS OF THE CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTAURANT AND BAR - THE ORGANIZATION PROVIDES A LA CARTE DINING AND BAR FACILITIES ON THE PREMISES FOR MEMBERS AND MEMBERS' GUESTS AS WELL AS PROVIDES MEETING AND BANQUET FACILITIES ON THE PREMISES FOR MEMBERS AND MEMBERS' GUESTS.
GOLF - THE ORGANIZATION PROVIDES AN 18-HOLE GOLF COURSE, GOLF PROFESSIONALS AND OTHER GOLF FACILITIES FOR MEMBERS AND MEMBERS' GUESTS. THEY ALSO PROVIDE GOLF EQUIPMENT AND A MERCHANDISE SHOP FOR MEMBERS AND MEMBERS' GUESTS.
TENNIS, FITNESS, AND SWIMMING - THE ORGANIZATION PROVIDES INDOOR AND OUTDOOR TENNIS FACILITIES INCLUDING TENNIS PROFESSIONALS AND ASSISTANT PROFESSIONALS ON-SITE FOR TRAINING AND LESSONS, PROVIDES A FITNESS WORKOUT AREA INCLUDING ON-SITE TRAINERS, AND PROVIDES SWIMMING POOLS INCLUDING LICENSED TRAINERS FOR MEMBERS AND MEMBERS' GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Heifner General Manager | Officer | 40 | $278,583 |
Chris Zumpano Director Of Golf | 40 | $226,214 | |
James Reese Director Of Fitness | 40 | $193,128 | |
Kirk Gates Director Of Agronomy - Int | 40 | $193,541 | |
Charles Batt Head Tennis Pro | 40 | $183,986 | |
Susan Quertermous Chief Financial Officer | Officer | 40 | $164,460 |
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 | $21,193,998 |
| Investment income | $223,798 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,948,052 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,593,648 |
| 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. | $1,576,311 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,596,332 |
| Pension plan accruals and contributions | $99,709 |
| Other employee benefits | $493,903 |
| Payroll taxes | $596,554 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,012 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $642,505 |
| Advertising and promotion | $33,963 |
| Office expenses | $725,896 |
| Information technology | $149,075 |
| Royalties | $0 |
| Occupancy | $950,628 |
| Travel | $100,234 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $75,296 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,060,923 |
| Insurance | $276,404 |
| All other expenses | $527,559 |
| Total functional expenses | $16,925,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,185,696 |
| Savings and temporary cash investments | $8,449,042 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,384,803 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $326,033 |
| Prepaid expenses and deferred charges | $26,003 |
| Net Land, buildings, and equipment | $20,873,383 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,244,960 |
| Accounts payable and accrued expenses | $1,852,143 |
| Grants payable | $0 |
| Deferred revenue | $3,632,013 |
| 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 | $1,771,276 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,255,432 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $4,514,618 |
| Paid-in or capital surplus, or land, building, or equipment fund | $2,816,881 |
| Retained earnings, endowment, accumulated income, or other funds | $21,658,029 |
| Total liabilities and net assets/fund balances | $36,244,960 |