Country Club Of Laurel Inc
- Assets
- $2.4m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 85
- Location
- Laurel, MS
- Founding
- 11/1965
- Data as of
- 12/2021
- EIN
- 64-0275600
Organization Overview
Country Club Of Laurel Inc is located in Laurel, MS. The organization was established in 1965. 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, Country Club Of Laurel Inc employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Country Club Of Laurel 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, Country Club Of Laurel Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 3.2% 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
SOCIAL AND RECREATIONAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL AND RECREATIONAL CLUB
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Burroughs Vice President | Officer | 0 | $0 |
Jim Ford President | Officer | 0 | $0 |
Jamie Sisk Board Member | Officer | 0 | $0 |
Scott Pickering Secretary Treasurer | Officer | 0 | $0 |
Trent Mulloy Board Member | Officer | 0 | $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 | $1,348,633 |
| Investment income | $0 |
| 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 | $557,544 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,095,949 |
| 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 | $1,044,518 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $27,438 |
| Advertising and promotion | $0 |
| Office expenses | $33,584 |
| Information technology | $27,527 |
| Royalties | $0 |
| Occupancy | $141,403 |
| Travel | $3,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,789 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $171,214 |
| Insurance | $109,188 |
| All other expenses | $33,773 |
| Total functional expenses | $2,187,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,049 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $167,242 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,918 |
| Prepaid expenses and deferred charges | $19,112 |
| Net Land, buildings, and equipment | $2,120,942 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,368,263 |
| Accounts payable and accrued expenses | $145,509 |
| 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 | $988,720 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,134,229 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,509,678 |
| Paid-in or capital surplus, or land, building, or equipment fund | $34,454 |
| Retained earnings, endowment, accumulated income, or other funds | -$1,310,098 |
| Total liabilities and net assets/fund balances | $2,368,263 |
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|---|---|---|
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Vestavia Country Club Birmingham, AL | $26,675,267 | $16,124,633 |
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Mountain Brook Club Birmingham, AL | $31,264,948 | $11,574,581 |
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Metairie Country Club Metairie, LA | $30,963,681 | $9,943,546 |
Shoal Creek Shoal Creek, AL | $12,950,565 | $9,210,708 |
Cherokee Country Club Knoxville, TN | $33,935,565 | $11,523,295 |
Chattanooga Golf And Country Club Chattanooga, TN | $23,843,931 | $15,215,377 |
New Orleans Country Club New Orleans, LA | $47,920,866 | $11,586,038 |