Somerville Country Club Inc
- Assets
- $88.4k
- Revenue
- $285.0k
- Investments
- $0.0
- Employees
- 10
- Location
- Somerville, TN
- Founding
- 11/1975
- Data as of
- 12/2021
- EIN
- 62-0785978
Organization Overview
Somerville Country Club Inc is located in Somerville, TN. The organization was established in 1975. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Somerville Country Club Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somerville 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 12/2021, Somerville Country Club Inc generated $285.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $273.0k during the year ending 12/2021. While expenses have increased by 16.8% per year over the past 7 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
PROVIDE RECREATIONAL AND SOCIAL ACTIVITIES FOR MEMBERS AND GUESTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE FOR MEMBERS AND GUESTS
SWIMMING POOL
CHARITABLE CONTRIBUTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Daugherity VP Sec/treas | OfficerTrustee | $0 | |
Derek Goddard President | OfficerTrustee | $0 | |
Tim Burnette Board Member | Trustee | $0 | |
Matt Kelley Board Member | Trustee | $0 | |
Dave Rhea Board Member | Trustee | $0 | |
Larry Meridith Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $225,724 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,650 |
| 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 | $241,374 |
| Total Program Service Revenue | $9,837 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,128 |
| Net Gain/Loss on Asset Sales | $500 |
| Net Income from Fundraising Events | $4,739 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,378 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $284,956 |
| 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 | $79,150 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,271 |
| Advertising and promotion | $0 |
| Office expenses | $4,177 |
| Information technology | $4,190 |
| Royalties | $0 |
| Occupancy | $24,810 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,872 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,121 |
| Insurance | $8,556 |
| All other expenses | $11,981 |
| Total functional expenses | $272,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,992 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $70,359 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $88,351 |
| Accounts payable and accrued expenses | $1,977 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $129,327 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $131,304 |
| Net assets without donor restrictions | -$42,953 |
| 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 | $88,351 |
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|---|---|---|
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Myers Park Country Club Inc Charlotte, NC | $50,316,696 | $16,086,490 |
Bellehaven Country Club Inc Alexandria, VA | $40,402,944 | $17,085,559 |
Pi Beta Phi Fraternity Housing Corporation Town Country, MO | $77,087,429 | $19,221,332 |
North Ridge Country Club Inc Raleigh, NC | $21,783,792 | $13,220,578 |
George Walton Academy Inc Monroe, GA | $18,498,422 | $12,032,755 |
Willow Oaks Country Club Inc Richmond, VA | $15,889,652 | $10,037,529 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
Eagle Point Golf Club Inc Wilmington, NC | $18,431,345 | $8,325,446 |
Wade Hampton Golf Club Inc Cashiers, NC | $23,418,026 | $9,280,278 |
Kinloch Golf Association Corp ManakinSabot, VA | $45,313,161 | $8,251,750 |