Country Club Of Little Rock
- Assets
- $38.0m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 273
- Location
- Little Rock, AR
- Founding
- 07/1938
- Data as of
- 12/2023
- EIN
- 71-0038910
Organization Overview
Country Club Of Little Rock is located in Little Rock, AR. The organization was established in 1938. 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 12/2023, Country Club Of Little Rock employed 273 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Country Club Of Little Rock is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Country Club Of Little Rock generated $10.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $11.4m during the year ending 12/2023. While expenses have increased by 7.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING RECREATIONAL AND SOCIAL FACILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED: GOLF, TENNIS, FITNESS & POOL RECREATIONAL FACILITIES AS WELL AS FOOD, BEVERAGE, BANQUET AND SOCIAL FUNCTIONS FOR MEMBERS. THE AVERAGE NUMBER OF MEMBERS WAS 976. AT 12/31/2023, THE TOTAL NUMBER WAS 980, IN WHICH 509 WERE VOTING MEMBERS. IN 2009, THE CLUB STARTED UPDATING THE GOLF COURSE AND TENNIS AREA. IN 2010, THE CLUB FINISHED UPDATING THE TENNIS AREA AND RENOVATIONS TO THE CENTENNIAL ROOM. IN 2011, THE CLUB FINISHED THE GOLF COURSE RENOVATIONS. IN 2012, THE CLUB RENOVATED THE POOL AREA. IN 2014, THE CLUB STARTED MAKING PLANS FOR MAJOR RENOVATIONS TO THE CLUBHOUSE. IN 2015, THE CLUB FINISHED PHASE I OF THE MAJOR RENOVATIONS, AND STARTED PHASE II. IN 2016, THE CLUB CONTINUED PHASE II OF THE MAJOR RENOVATIONS TO THE CLUBHOUSE, AND IT WAS COMPLETED IN 2017. IN 2018, THE CLUB BEGAN PLANNING FOR PHASE III OF THE MAJOR RENOVATIONS TO THE CLUBHOUSE AND FITNESS AREA. IN 2019, THE CENTENNIAL LANDMARK BRIDGE WAS RENOVATED AND PICKLEBALL COURTS ARE UNDER CONSTRUCTION. IN 2020, PHASE III RENOVATIONS WERE PLANNED AND IN 2021, THOSE RENOVATIONS HAVE BEGUN ALONG WITH THE ADDING THE GATEHOUSE. IN 2022, PHASE III WAS COMPLETED AND THE CLUBHOUSE AND FITNESS AREA OPENED. IN 2023, PHASE IV BEGAN WITH THE GOLF COURSE IMPROVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wilson Daniels Bynum President | Officer | $0 | |
Jeffrey W Nolan Vice Preside | Officer | $0 | |
Mitzi Tiffee Secretary | Officer | $0 | |
Beau Blair Treasurer | Officer | $0 | |
Martin Silverfield Governor | Officer | $0 | |
Nik Fiskin Governor | Officer | $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 | $10,727,631 |
| Investment income | $178,801 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,340 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$394,764 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,504,328 |
| 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 | $3,457,125 |
| Pension plan accruals and contributions | $184,820 |
| Other employee benefits | $113,715 |
| Payroll taxes | $255,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $444,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,311 |
| Office expenses | $4,903 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $38,535 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,987 |
| Interest | $463,041 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,182,959 |
| Insurance | $739,832 |
| All other expenses | $1,424,335 |
| Total functional expenses | $11,365,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,085 |
| Savings and temporary cash investments | $5,651,812 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,666,108 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $230,013 |
| Prepaid expenses and deferred charges | $31,160 |
| Net Land, buildings, and equipment | $30,283,930 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,314 |
| Total assets | $38,012,422 |
| Accounts payable and accrued expenses | $1,382,811 |
| Grants payable | $0 |
| Deferred revenue | $638,140 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $15,717,347 |
| Other liabilities | $1,420,165 |
| Total liabilities | $19,158,463 |
| Net assets without donor restrictions | $18,853,959 |
| 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 | $38,012,422 |