Riverchase Country Club
- Assets
- $3.3m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 97
- Location
- Birmingham, AL
- Founding
- 05/1978
- Data as of
- 12/2021
- EIN
- 63-0713336
Organization Overview
Riverchase Country Club is located in Birmingham, AL. The organization was established in 1978. 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 12/2021, Riverchase Country Club employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverchase 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 12/2021, Riverchase Country Club generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $3.7m during the year ending 12/2021. While expenses have increased by 0.6% 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
TO PROVIDE SOCIAL AND RECREATIONAL BENEFITS AND FACILITIES TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL EXPENDITURES ARE MADE IN FURTHERANCE OF THE SOCIAL ACTIVITIES OF THE ORGANIZATION'S MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Andrews Financial Director | OfficerTrustee | 5 | $0 |
Mike Gedgoudas Former President | Officer | 5 | $0 |
Bill White President | Officer | 5 | $0 |
Phillip Miles Membership Chairman & Vice President | Officer | 5 | $0 |
Ashley Lennex Field Chairman | Trustee | 5 | $0 |
Kyle Vanderford Member | Trustee | 5 | $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 | $3,138,629 |
| Investment income | $120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,917 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,569,144 |
| 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 | $1,417,830 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $758 |
| Payroll taxes | $113,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $158,211 |
| Advertising and promotion | $24,343 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $218,402 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $55,739 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $274,116 |
| Insurance | $185,810 |
| All other expenses | $178,355 |
| Total functional expenses | $3,702,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,129 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $300,244 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $39,664 |
| Prepaid expenses and deferred charges | $41,526 |
| Net Land, buildings, and equipment | $2,856,234 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,044 |
| Total assets | $3,290,841 |
| Accounts payable and accrued expenses | $204,209 |
| Grants payable | $0 |
| Deferred revenue | $147,892 |
| 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 | $1,019,792 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,519 |
| Total liabilities | $1,410,412 |
| Net assets without donor restrictions | $1,880,429 |
| 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 | $3,290,841 |
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Quail Creek Country Club Inc Naples, FL | $44,189,570 | $16,205,695 |
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