River Oaks Country Club
- Assets
- $73.6m
- Revenue
- $29.5m
- Investments
- $0.0
- Employees
- 519
- Location
- Houston, TX
- Founding
- 08/1938
- Data as of
- 12/2021
- EIN
- 74-0865200
Organization Overview
River Oaks Country Club is located in Houston, TX. The organization was established in 1938. 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 12/2021, River Oaks Country Club employed 519 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Oaks 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 12/2021, River Oaks Country Club generated $29.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $31.3m during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RIVER OAKS COUNTRY CLUB IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIVER OAKS PROVIDES GOLF, TENNIS, SWIMMING AND FITNESS FACILITIES FOR ITS MEMBERS.
RIVER OAKS PROVIDES A RESTAURANT AND BAR FOR ITS MEMBERS.
RIVER OAKS PROVIDES LOCKER ROOMS FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Swarts Director Of Golf | 50 | $587,528 | |
Cj Bendy Jr Coo/general Manager | Officer | 60 | $527,319 |
Charles M Carroll Executive Chef | 50 | $334,923 | |
Christopher Gale Director Of Tennis | 50 | $266,686 | |
Morris P Johnson Golf Course Superintendent | 50 | $241,415 | |
Benjamin W Peck CFO | 50 | $216,570 |
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 | $21,312,889 |
| Investment income | $21,378 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$45,640 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,171,051 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,469,284 |
| 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 | $15,177,044 |
| Pension plan accruals and contributions | $888,909 |
| Other employee benefits | $1,484,899 |
| Payroll taxes | $1,125,941 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $280,399 |
| Advertising and promotion | $0 |
| Office expenses | $1,181,003 |
| Information technology | $274,372 |
| Royalties | $0 |
| Occupancy | $1,482,167 |
| Travel | $19,596 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,783 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,241,662 |
| Insurance | $630,548 |
| All other expenses | $1,087,907 |
| Total functional expenses | $31,296,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,545,969 |
| Savings and temporary cash investments | $1,284,901 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,792,074 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $169,076 |
| Inventories for sale or use | $1,781,296 |
| Prepaid expenses and deferred charges | $331,725 |
| Net Land, buildings, and equipment | $63,711,569 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $73,616,610 |
| Accounts payable and accrued expenses | $4,295,745 |
| Grants payable | $0 |
| Deferred revenue | $1,814,566 |
| 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 | $0 |
| Other liabilities | $5,725,964 |
| Total liabilities | $11,836,275 |
| Net assets without donor restrictions | $61,780,335 |
| 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 | $73,616,610 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that River Oaks Country Club has recieved totaling $550.
| Awarding Organization | Amount |
|---|---|
The Rodney H And Judy E Margolis Foundation Houston, TX PURPOSE: THE PURPOSE OF THESE CONTRIBUTIONS IS TO PROVIDE FUNDS TO CHARITABLE ORGANIZATIONS ESTABLISHED UNDER 501(C)(3) TO ENABLE THESE ORGANIZATIONS TO ASSIST THE NEEDY AND FULFILL THEIR CHARITABLE PURPOSE. | $550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
River Oaks Country Club Houston, TX | $73,616,610 | $29,469,284 |
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 |
Green Tree Country Club Midland, TX | $24,557,107 | $12,993,458 |
Dngc Member Club Inc Dallas, TX | $29,289,418 | $12,348,181 |
Unity One Credit Union Fort Worth, TX | $307,107,463 | $12,194,283 |
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 |