Valley Hill Country Club
- Assets
- $4.5m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 56
- Location
- Huntsville, AL
- Founding
- 04/1974
- Data as of
- 04/2022
- EIN
- 63-0631397
Organization Overview
Valley Hill Country Club is located in Huntsville, AL. The organization was established in 1974. 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 04/2022, Valley Hill Country Club employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Hill 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 04/2022, Valley Hill Country Club generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $3.9m during the year ending 04/2022. While expenses have increased by 2.7% 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
N/A
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF, POOL, RESTAURANT SERVICES PROVIDED FOR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Morard President | OfficerTrustee | 2 | $0 |
Kelsey Haynes Secretary | OfficerTrustee | 2 | $0 |
David Thrasher Vice President | OfficerTrustee | 2 | $0 |
Gabe Wolfe Treasure | OfficerTrustee | 2 | $0 |
Brandon Mosby Grounds Chair | Trustee | 2 | $0 |
Sparks Ford Golf Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,032,742 |
| 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 | $3,032,742 |
| Total Program Service Revenue | $1,788,912 |
| Investment income | $1,164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,826,098 |
| 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 | $1,534,238 |
| Other salaries and wages | $25 |
| Pension plan accruals and contributions | $14,586 |
| Other employee benefits | $115,736 |
| Payroll taxes | $147,546 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,807 |
| Fees for services: Accounting | $11,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,351 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58,482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $160,331 |
| Insurance | $75,781 |
| All other expenses | $325,318 |
| Total functional expenses | $3,919,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $417,817 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $252,410 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $125,283 |
| Prepaid expenses and deferred charges | $18,024 |
| Net Land, buildings, and equipment | $3,657,668 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,471,202 |
| Accounts payable and accrued expenses | $205,578 |
| 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 | $1,611,287 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $298,518 |
| Total liabilities | $2,115,383 |
| Net assets without donor restrictions | $0 |
| 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 | $1,450,167 |
| Retained earnings, endowment, accumulated income, or other funds | $905,652 |
| Total liabilities and net assets/fund balances | $4,471,202 |
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|---|---|---|
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Palm Beach Country Club Palm Beach, FL | $28,111,995 | $21,230,123 |
The Club At Pelican Bay Inc Naples, FL | $49,551,991 | $15,480,224 |
United States Specialty Sports Association Inc Melbourne, FL | $30,501,525 | $19,243,372 |
Alpha Delta Pi Sorority Atlanta, GA | $18,755,038 | $19,005,623 |
Quail Ridge Country Club Inc Boynton Beach, FL | $44,841,038 | $11,345,026 |
Quail Creek Country Club Inc Naples, FL | $44,189,570 | $16,205,695 |
Lagorce Country Club Miami Beach, FL | $36,015,198 | $11,628,028 |
Amateur Athletic Union Of The United States Inc Lake Buena Vista, FL | $14,686,196 | $10,174,860 |
Harbour Ridge Country Club Palm City, FL | $48,715,310 | $11,636,786 |
Dunwoody Country Club Inc Atlanta, GA | $25,487,572 | $16,307,962 |