Bissonet-Maned Downs Country Club Inc
- Assets
- $165.8k
- Revenue
- $270.5k
- Investments
- $0.0
- Employees
- 38
- Location
- Metairie, LA
- Founding
- 01/1965
- Data as of
- 09/2020
- EIN
- 72-6022647
Organization Overview
Bissonet-Maned Downs Country Club Inc is located in Metairie, LA. The organization was established in 1965. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2020, Bissonet-Maned Downs Country Club Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bissonet-Maned Downs 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 09/2020, Bissonet-Maned Downs Country Club Inc generated $270.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $288.5k during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ENTITY IS A CLUBHOUSE, SWIMMING, SOCIAL AND RECREATIONAL FACILITY FOR THE MEMBERS AND THEIR GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THESE EXPENSES ARE USED TO MAINTAIN THE CLUBHOUSE PLANT, AND THE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Silva President | Officer | 1 | $0 |
Mike Kuhn VP | Officer | 1 | $0 |
Frank Monzon Treasurer | Officer | 1 | $0 |
Crusti Ferina Secretary | Officer | 1 | $0 |
Jimmy Cash Director | Trustee | 1 | $0 |
Dennis Gerarve Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $222,103 |
| Investment income | $29 |
| 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 | $17,078 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $270,486 |
| Statement of Expenses | |
|---|---|
| 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. | $111,012 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $923 |
| Office expenses | $4,952 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,206 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,362 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,211 |
| Insurance | $34,067 |
| All other expenses | $0 |
| Total functional expenses | $288,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,557 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,016 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,303 |
| Prepaid expenses and deferred charges | $2,714 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $165,809 |
| Accounts payable and accrued expenses | $14,035 |
| Grants payable | $0 |
| Deferred revenue | $9,364 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $202,933 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $291,525 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $314,924 |
| Net assets without donor restrictions | $0 |
| 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 | $58,000 |
| Total liabilities and net assets/fund balances | -$149,115 |
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|---|---|---|
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San Antonio Country Club San Antonio, TX | $32,771,937 | $23,788,660 |
Shady Oaks Country Club Inc Fort Worth, TX | $32,968,656 | $15,253,565 |
Midland Country Club Midland, TX | $28,175,865 | $15,973,291 |
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Dngc Member Club Inc Dallas, TX | $29,289,418 | $12,348,181 |
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Baton Rouge Country Club Inc Baton Rouge, LA | $28,846,628 | $10,362,184 |
Brae Burn Country Club Houston, TX | $18,876,104 | $6,861,464 |
Mira Vista Country Club Fort Worth, TX | $16,102,268 | $9,038,386 |
Dallas Petroleum Club Dallas, TX | $6,437,336 | $6,134,462 |
Krewe Of Bacchus Inc New Orleans, LA | $5,050,746 | $6,016,204 |