Pine Forest Country Club
- Assets
- $11.7m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 129
- Location
- Houston, TX
- Founding
- 03/1947
- Data as of
- 12/2022
- EIN
- 74-1034400
Organization Overview
Pine Forest Country Club is located in Houston, TX. The organization was established in 1947. 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 12/2022, Pine Forest Country Club employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pine Forest 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, Pine Forest Country Club generated $10.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $9.5m during the year ending 12/2022. While expenses have increased by 2.9% 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
TO PROVIDE MEMBER RECREATIONAL AND DINING FACILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUB HOUSE AND RELATED ACTIVITIES, OVER 600 MEMBERS SERVED
GOLF COURSE OPERATION, OVER 600 MEMBERS SERVED
LOCKER ROOM OPERATION, OVER 600 MEMBERS SERVED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tommy Wolfenberger Golf Pro | Officer | 40 | $313,827 |
Alison Johnk General Manager | Officer | 40 | $232,875 |
Scott F Terry Superintendent | Officer | 40 | $159,576 |
Kirby Lawson Controller | 40 | $146,561 | |
Matthew Collier Executive Chef | 40 | $116,558 | |
Tami Gilbert Membership Director | 40 | $113,406 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,928,178 |
| 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 | $5,928,178 |
| Total Program Service Revenue | $2,801,758 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,847 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,726,906 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,537,620 |
| 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. | $706,278 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,336,964 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $305,165 |
| Payroll taxes | $317,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,613 |
| Fees for services: Accounting | $61,006 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $620,246 |
| Advertising and promotion | $15,790 |
| Office expenses | $95,238 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $111,438 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $960,480 |
| Insurance | $388,943 |
| All other expenses | $1,599,070 |
| Total functional expenses | $9,540,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,528,950 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $779,375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $533,196 |
| Prepaid expenses and deferred charges | $324,951 |
| Net Land, buildings, and equipment | $7,556,435 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $860 |
| Total assets | $11,723,767 |
| Accounts payable and accrued expenses | $1,179,856 |
| Grants payable | $0 |
| Deferred revenue | $1,438,203 |
| 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 | $1,945,992 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $475,790 |
| Total liabilities | $5,039,841 |
| 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 | $6,683,926 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,723,767 |