Tupelo Country Club
- Assets
- $2.8m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 242
- Location
- Belden, MS
- Founding
- 10/1931
- Data as of
- 12/2022
- EIN
- 64-0284188
Organization Overview
Tupelo Country Club is located in Belden, MS. The organization was established in 1931. 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 12/2022, Tupelo Country Club employed 242 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tupelo 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 12/2022, Tupelo Country Club generated $4.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 5 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
FAMILY RECREATION-GOLF, TENNIS, SWIMMING AND DINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE/OPERATING EXPENSES RELATED TO PROVIDING A FACILITY FOR MEMBERS FOR DINING, MEETING AND SPECIAL OCCASIONS.
MAINTENANCE/OPERATING EXPENSES IN PROVIDING ALL OTHER SERVICES TO MEMBERS AS NORMALLY PROVIDED BY A COUNTRY CLUB INCLUDING POOL USAGE AND SPECIAL EVENTS.
MAINTENANCE/OPERATING EXPENSES RELATED TO PROVIDING GOLF FOR MEMBER USAGE.
MAINTENANCE/OPERATING EXPENSES RELATED TO PROVIDING TENNIS FOR MEMBER USAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Anthony Board Member | Trustee | $0 | |
Bobby Bascomb Board Member | Trustee | $0 | |
Chris Bray Board Member | Trustee | $0 | |
Stephen Flynn Board Member | Trustee | $0 | |
Alicia Green Board Member | Trustee | $0 | |
Josh Hutcheson Board Member | Trustee | $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 | $2,751,777 |
| 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 | $1,002,068 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,375,907 |
| 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 | $1,912,222 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $158,893 |
| Payroll taxes | $167,875 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,098 |
| Fees for services: Accounting | $19,634 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $276,528 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $246,091 |
| Travel | $686 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,496 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,788 |
| Insurance | $80,500 |
| All other expenses | $391,239 |
| Total functional expenses | $3,881,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $420,174 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $484,554 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $95,112 |
| Prepaid expenses and deferred charges | $900 |
| Net Land, buildings, and equipment | $1,801,926 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $39,484 |
| Other assets | $0 |
| Total assets | $2,842,150 |
| Accounts payable and accrued expenses | $326,578 |
| 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 | $1,092,974 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,419,552 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $46,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $198,500 |
| Retained earnings, endowment, accumulated income, or other funds | $1,178,098 |
| Total liabilities and net assets/fund balances | $2,842,150 |