Forest Club
- Assets
- $7.6m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 119
- Location
- Houston, TX
- Founding
- 03/1948
- Data as of
- 09/2023
- EIN
- 74-1044007
Organization Overview
Forest Club is located in Houston, TX. The organization was established in 1948. 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 09/2023, Forest Club employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forest Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2023, Forest Club generated $6.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $6.7m during the year ending 09/2023. While expenses have increased by 5.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RECREATIONAL, SOCIAL AND EDUCATIONAL BENEFITS FOR THE USE AND PLEASURE OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUB OPERATIONS: THE FOREST CLUB PROVIDES FOOD AND BEVERAGE SERVICES FOR ITS MEMBERS AT ITS CLUBHOUSE. THE FOOD AND BEVERAGE SERVICES PROVIDE AN OPPORTUNITY FOR SOCIAL INTERACTION OF THE MEMBERS.
THE FOREST CLUB HAS NINE (9) TENNIS COURTS-SEVEN (7) LIGHTED AND TWO (2) UNLIGHTED--FOR USE BY ITS MEMBERS SIX (6) DAYS A WEEK. APPROXIMATELY 40% OF THE MEMBERS USE THE TENNIS COURTS.
THE FOREST CLUB HAS ONE LARGE UNHEATED SWIMMING POOL WHICH IS OPEN ALL YEAR. THE POOL IS MOST ACTIVELY USED FOR THE PERIOD MAY THROUGH SEPTEMBER. THE FOREST CLUB HAS A SWIM TEAM THAT COMPETES WITH OTHER PRIVATE CLUBS IN HOUSTON. AT LEAST 50% OF THE MEMBERS AND THEIR FAMILIES USE THE POOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary (as Of Nov 2022) | OfficerTrustee | 1 | $0 |
Name Not Listed President (term Nov 2022) | OfficerTrustee | 7 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 3 | $0 |
Name Not Listed Secretary (term Nov 2022) | OfficerTrustee | 1 | $0 |
Name Not Listed Vice President (as Of Nov 2022) | OfficerTrustee | 3 | $0 |
Name Not Listed VP (term Nov 2022), President (as Of Nov 2022) | OfficerTrustee | 7 | $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 | $4,960,860 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,127 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,717,890 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,676,916 |
| 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. | $243,413 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,203,375 |
| Pension plan accruals and contributions | $47,154 |
| Other employee benefits | $375,395 |
| Payroll taxes | $276,953 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75,019 |
| Fees for services: Accounting | $31,550 |
| 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 | $130,473 |
| Information technology | $139,413 |
| Royalties | $0 |
| Occupancy | $331,665 |
| Travel | $3,710 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $69,032 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $438,591 |
| Insurance | $134,430 |
| All other expenses | $0 |
| Total functional expenses | $6,652,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $392,297 |
| Savings and temporary cash investments | $670 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $604,809 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $164,204 |
| Prepaid expenses and deferred charges | $115,615 |
| Net Land, buildings, and equipment | $6,338,212 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,615,807 |
| Accounts payable and accrued expenses | $389,883 |
| Grants payable | $0 |
| Deferred revenue | $108,606 |
| 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 | $1,140,000 |
| Unsecured mortgages and notes payable | $100,000 |
| Other liabilities | $0 |
| Total liabilities | $1,738,489 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $5,877,318 |
| Total liabilities and net assets/fund balances | $7,615,807 |