Monticello Country Club Inc
- Assets
- $365.8k
- Revenue
- $875.0k
- Investments
- $0.0
- Employees
- 30
- Location
- Monticello, AR
- Founding
- 05/1994
- Data as of
- 12/2023
- EIN
- 71-0252010
Organization Overview
Monticello Country Club Inc is located in Monticello, AR. The organization was established in 1994. As of 12/2023, Monticello Country Club Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monticello 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 12/2023, Monticello Country Club Inc generated $875.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $853.2k during the year ending 12/2023. While expenses have increased by 4.1% 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
PROVIDE ENTERTAINMENT AND SOCIAL FACILITIES AND FUNCTIONS FOR ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ENTERTAINMENT AND SOCIAL FACILITIES, EVENTS AND ACTIVITIES FOR THE MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Wingard Director | Officer | 2 | $0 |
Calvin Puryear Director | Officer | 2 | $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 | $874,902 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $875,036 |
| 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 | $292,554 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,010 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $475 |
| Fees for services: Accounting | $19,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,206 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,191 |
| Insurance | $26,673 |
| All other expenses | $213,592 |
| Total functional expenses | $853,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,254 |
| Savings and temporary cash investments | $17,272 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,793 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,514 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $210,985 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $365,818 |
| Accounts payable and accrued expenses | $21,184 |
| Grants payable | $0 |
| Deferred revenue | $6,468 |
| 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 | $112,439 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $140,091 |
| Net assets without donor restrictions | $225,727 |
| 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 | $365,818 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richland Country Club Nashville, TN | $47,269,848 | $16,159,938 |
Pine Bluff Country Club Inc Pine Bluff, AR | $3,295,793 | $3,351,361 |
Lakewood Golf & Country Club Tullahoma, TN | $1,490,992 | $1,629,101 |
Monticello Country Club Inc Monticello, AR | $365,818 | $875,036 |
Piney Woods Country Club Nacogdoches, TX | $0 | $565,777 |
Hill Heights Country Club Inc Destrehan, LA | $446,977 | $244,030 |
Prescott Country Club Inc Hwy 67 N Prescott Ar 1/2 Mile Out Of City L Prescott, AR | $262,484 | $82,096 |
Bayou Bend Golf & Country Club Inc Sumner, MS | $114,059 | $88,824 |