Millbrook Golf & Country Club Inc
- Assets
- $597.4k
- Revenue
- $599.7k
- Investments
- $0.0
- Employees
- 35
- Location
- Picayune, MS
- Founding
- 10/1989
- Data as of
- 06/2022
- EIN
- 64-0351660
Organization Overview
Millbrook Golf & Country Club Inc is located in Picayune, MS. The organization was established in 1989. 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 06/2022, Millbrook Golf & Country Club Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Millbrook Golf & Country 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 06/2022, Millbrook Golf & Country Club Inc generated $599.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $536.6k during the year ending 06/2022. While expenses have increased by 2.4% 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
GOLF CLUB AND MEMBERSHIP ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB MAINTAINS AN 18 HOLE GOLF COURSE FOR USE BY THE MEMBERS ON A DAILY BASIS. VARIOUS TOURNAMENTS ARE HELD THROUGHOUT THE YEAR TO ENCOURAGE PARTICIPATION BY THE MEMBERSHIP. THE CLUB HAS APPROXIMATELY 170 MEMBERS. GOLF IS THE CLUB'S MAJOR ACTIVITY.
A CLUB HOUSE AND LOUNGE ARE PROVIDED FOR THE MEMBERS TO GATHER IN A SOCIAL ENVIRONMENT. SOCIAL ACTIVITIES ARE HELD THROUGHOUT THE YEAR TO ENCOURAGE THE MEMBERSHIP TO CO-MINGLE.
THE CLUB MAINTAINS A SWIMMING POOL FOR MEMBERS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Hart President | OfficerTrustee | 4 | $0 |
Jeff Busco Director | Trustee | 1 | $0 |
Shane Nicholson Secretary | OfficerTrustee | 4 | $0 |
John Bailey Director | Trustee | 1 | $0 |
Jerry Carroll Director | Trustee | 1 | $0 |
Gary Scarborough Vice President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,100 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,719 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,819 |
| Total Program Service Revenue | $516,273 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,775 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$151 |
| Net Income from Gaming Activities | $15,090 |
| Net Income from Sales of Inventory | $51,856 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $599,662 |
| 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 | $184,463 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,977 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,248 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,459 |
| 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 | $28,641 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,895 |
| Insurance | $23,458 |
| All other expenses | $94,381 |
| Total functional expenses | $536,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,654 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,552 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,572 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $520,748 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,898 |
| Other assets | $0 |
| Total assets | $597,424 |
| Accounts payable and accrued expenses | $17,612 |
| Grants payable | $0 |
| Deferred revenue | $3,900 |
| 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 | $641,826 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $663,339 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $39,156 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$105,071 |
| Total liabilities and net assets/fund balances | $597,424 |