River Oaks Country Club
- Assets
- $94.4m
- Revenue
- $30.9m
- Investments
- $0.0
- Employees
- 566
- Location
- Houston, TX
- Founding
- 08/1938
- Data as of
- 12/2022
- 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 12/2022, River Oaks Country Club employed 566 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 12/2022, River Oaks Country Club generated $30.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $35.7m during the year ending 12/2022. While expenses have increased by 3.6% per year over the past 8 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
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 |
|---|---|---|---|
Mark Hammer President | OfficerTrustee | 2 | $0 |
John W Mccartney V Vice President | OfficerTrustee | 2 | $0 |
Mary Ellen Bos Secretary | OfficerTrustee | 2 | $0 |
Cynthia Adkins Treasurer | OfficerTrustee | 2 | $0 |
John Eads Past President | OfficerTrustee | 2 | $0 |
Jonathan Nelson Director | Trustee | 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 | $19,631,609 |
| Investment income | $20,436 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,948 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,215,169 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,901,899 |
| 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 | $17,242,781 |
| Pension plan accruals and contributions | $977,001 |
| Other employee benefits | $1,569,486 |
| Payroll taxes | $1,222,162 |
| 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 | $469,584 |
| Advertising and promotion | $9,526 |
| Office expenses | $1,457,817 |
| Information technology | $295,841 |
| Royalties | $0 |
| Occupancy | $1,672,659 |
| Travel | $31,525 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $258,822 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,783,029 |
| Insurance | $680,318 |
| All other expenses | $1,343,269 |
| Total functional expenses | $35,680,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,008 |
| Savings and temporary cash investments | $1,116,372 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,711,459 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $71,865 |
| Inventories for sale or use | $1,985,610 |
| Prepaid expenses and deferred charges | $1,016,012 |
| Net Land, buildings, and equipment | $84,340,902 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $94,383,228 |
| Accounts payable and accrued expenses | $7,590,420 |
| Grants payable | $0 |
| Deferred revenue | $2,048,367 |
| 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 | $15,993,588 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,177,473 |
| Total liabilities | $30,809,848 |
| Net assets without donor restrictions | $63,573,380 |
| 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 | $94,383,228 |