Redmont Recreation Club Inc is located in Red Bay, AL. The organization was established in 1966. 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 07/2022, Redmont Recreation Club Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redmont Recreation 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 07/2022, Redmont Recreation Club Inc generated $417.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $430.3k during the year ending 07/2022. While expenses have increased by 12.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RECREATIONAL ACTIVITIES FOR A RURAL AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RECREATIONAL ACTIVITIES FOR A RURAL AREA.
TOURNAMENT, RENTAL, AND REBATE INCOME.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dane Ezell Secretary | OfficerTrustee | $0 | |
Marco Bostick President | OfficerTrustee | $0 | |
Austin Sparks Vice Preside | OfficerTrustee | $0 | |
Alan Bostick Board Member | Trustee | $0 | |
Casey Keeton Board Member | Trustee | $0 | |
Hal Keeton Board Member | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $146,873 |
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 | $146,873 |
Total Program Service Revenue | $143,923 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $34,500 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $417,503 |
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 | $23,526 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $3,425 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $450 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $2,539 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $88,829 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $613 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $186,329 |
Insurance | $17,877 |
All other expenses | $11,600 |
Total functional expenses | $430,318 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $132,392 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $888 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $2,262 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $119,143 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $254,685 |
Accounts payable and accrued expenses | $15,581 |
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 | $27,608 |
Secured mortgages and notes payable | $322,310 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $4,742 |
Total liabilities | $370,241 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $108,133 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | -$223,689 |
Total liabilities and net assets/fund balances | $254,685 |
Organization Name | Assets | Revenue |
---|---|---|
Landings Club Inc Savannah, GA | $76,235,389 | $43,044,375 |
Ballenisles Country Club Inc Palm Beach Gardens, FL | $102,659,603 | $33,522,329 |
Bonita Bay Club Inc Bonita Springs, FL | $91,256,016 | $30,477,869 |
Broken Sound Club Inc Boca Raton, FL | $75,034,452 | $29,709,984 |
Country Club Of Birmingham Mountain Brook, AL | $47,639,454 | $23,076,044 |
Jonathans Landing Golf Club Inc Jupiter, FL | $59,911,329 | $17,646,734 |
Shadow Wood Country Club Inc Bonita Springs, FL | $55,101,901 | $17,682,525 |
Sawgrass Country Club Inc Ponte Vedra Bch, FL | $52,066,514 | $17,219,886 |
Lost Tree Club Inc North Palm Beach, FL | $50,198,278 | $14,415,754 |
Kings Point Recreation Corporation Inc Delray Beach, FL | $17,448,550 | $25,502,124 |
Aberdeen Golf & Country Club Inc Boynton Beach, FL | $55,724,484 | $13,720,029 |
Oaks Club Corporation Osprey, FL | $41,379,362 | $16,079,534 |