Montgomery Country Club & Beauvoir Club
- Assets
- $11.4m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 183
- Location
- Montgomery, AL
- Founding
- 01/1988
- Data as of
- 10/2023
- EIN
- 63-0017930
Organization Overview
Montgomery Country Club & Beauvoir Club is located in Montgomery, AL. The organization was established in 1988. 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 10/2023, Montgomery Country Club & Beauvoir Club employed 183 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery Country Club & Beauvoir Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, Montgomery Country Club & Beauvoir Club generated $7.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $7.4m during the year ending 10/2023. While expenses have increased by 1.7% 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
THE CLUB WAS ESTABLISHED TO PROVIDE RECREATIONAL, SOCIAL AND OTHER NONPROFITABLE BENEFITS TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUB ACTIVITIES FOR PLEASURE, RECREATION, AND OTHER NONPROFITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom P Lee Ceo/general | Officer | 40 | $201,205 |
Jeremy Sutton Golf Superin | Officer | 40 | $113,487 |
Nettie Bresee Chief Financ | Officer | 40 | $110,835 |
Rush Rice President | OfficerTrustee | 2 | $0 |
Clark Fine Vice Preside | OfficerTrustee | 2 | $0 |
Jimmy Walter Jr Ex-Officio | OfficerTrustee | 2 | $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 | $5,394,833 |
| Investment income | $10,497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,967 |
| 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 | $1,451,321 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,185,387 |
| 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. | $486,171 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,890,882 |
| Pension plan accruals and contributions | $58,430 |
| Other employee benefits | $206,206 |
| Payroll taxes | $297,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,479 |
| Fees for services: Accounting | $48,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $312 |
| Office expenses | $59,067 |
| Information technology | $78,719 |
| Royalties | $0 |
| Occupancy | $868,732 |
| Travel | $4,100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,856 |
| Interest | $134,056 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $808,561 |
| Insurance | $114,209 |
| All other expenses | $235,323 |
| Total functional expenses | $7,447,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $830,367 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $971,596 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $368,255 |
| Prepaid expenses and deferred charges | $86,947 |
| Net Land, buildings, and equipment | $8,828,875 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $360,489 |
| Total assets | $11,446,529 |
| Accounts payable and accrued expenses | $809,426 |
| Grants payable | $0 |
| Deferred revenue | $486,742 |
| 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 | $3,700,336 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $693,636 |
| Total liabilities | $5,690,140 |
| Net assets without donor restrictions | $5,756,389 |
| 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 | $11,446,529 |