Ridgewood Country Club
- Assets
- $10.1m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 285
- Location
- Waco, TX
- Founding
- 03/1951
- Data as of
- 12/2021
- EIN
- 74-1049861
Organization Overview
Ridgewood Country Club is located in Waco, TX. The organization was established in 1951. 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 12/2021, Ridgewood Country Club employed 285 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridgewood 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, Ridgewood Country Club generated $9.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $9.0m during the year ending 12/2021. While expenses have increased by 8.5% 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
THE PURPOSE FOR WHICH THE CLUB IS FORMED IS NOT TO MAKE PROFIT, BUT TO OWN, ESTABLISH AND MAINTAIN A SOCIAL ORGANIZATION WITH CLUBHOUSE, GOLF COURSE, SWIMMING POOL, TENNIS COURS, MARINA, AND SUCH OTHER RECREATIONAL FACILITIES AS MAY FROM TIME TO TIME BE AUTHORIZED BY THE DIRECTORS OF THE CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUBHOUSE ACTIVITIES: APPROXIMATELY 1,030 MEMBERS USE THE CLUBHOUSE FOR PARTIES AND CIVIC/PROFESSIONAL FUNCTIONS THROUGHOUT THE YEAR. APPROXIMATELY 20,000 USAGES OCCUR PER YEAR
GOLF COURSE: APPROXIMATELY 640 MEMBERS USE THE GOLF COURSE THROUGHOUT THE YEAR WITH AN ESTIMATED 20,500 ROUNDS OF GOLF PLAYED
TENNIS: ALL MEMBERS HAVE ACCESS TO THE TENNIS COURTS THROUGHOUT THE YEAR WITH AN ESTIMATED 19,000 SETS PLAYED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Horton General Manager | Officer | 50 | $278,000 |
James Cunningham Head Golf Pro | 50 | $166,564 | |
Julien Curatella Tennis Pro | 45 | $161,865 | |
Bernard Hurley Executive Chef | 45 | $125,185 | |
Michael Cowan Controller | Officer | 45 | $121,625 |
Tara Turner Asst Manager - Sales | 45 | $121,494 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fleetwood Services Maintenance | 12/30/19 | $263,945 |
James Phillips Dock Repairs | 12/30/19 | $217,991 |
Capstone Mechanical Maintenance | 12/30/19 | $129,002 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,508,597 |
| 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 | $6,508,597 |
| Total Program Service Revenue | $865,789 |
| Investment income | $2,242 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,014 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,582,936 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,155,703 |
| 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. | $431,824 |
| Compensation of current officers, directors, key employees. | $67,793 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,999,281 |
| Pension plan accruals and contributions | $33,704 |
| Other employee benefits | $283,299 |
| Payroll taxes | $354,568 |
| Fees for services: Management | $32,385 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,033 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $250,043 |
| Advertising and promotion | $0 |
| Office expenses | $410,299 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,082,623 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,843 |
| Interest | $51,458 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,569,020 |
| Insurance | $257,682 |
| All other expenses | $0 |
| Total functional expenses | $9,027,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $936,229 |
| Savings and temporary cash investments | $912,405 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,407,517 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $195,808 |
| Prepaid expenses and deferred charges | $275,231 |
| Net Land, buildings, and equipment | $6,388,895 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,116,085 |
| Accounts payable and accrued expenses | $168,931 |
| Grants payable | $0 |
| Deferred revenue | $2,031,725 |
| 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 | $1,363,548 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $769,650 |
| Total liabilities | $4,333,854 |
| Net assets without donor restrictions | $5,782,231 |
| 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 | $10,116,085 |
Endowment Analysis
| Beg. Balance | $402,344 |
| Earnings | $1,100 |
| Net Contributions | $1,073,509 |
| Other Expense | $1,061,646 |
| Ending Balance | $415,307 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Country Club Houston, TX | $109,550,970 | $26,529,286 |
Royal Oaks Country Club Inc Dallas, TX | $36,812,671 | $18,720,235 |
Northwood Club Dallas, TX | $57,507,067 | $19,852,706 |
Oklahoma City Golf & Country Club Nichols Hills, OK | $30,261,356 | $14,527,744 |
Dallas Athletic Club Dallas, TX | $25,203,289 | $20,444,344 |
Austin Country Club Austin, TX | $33,624,786 | $15,055,486 |
Briar Club Houston, TX | $45,723,367 | $13,689,453 |
Lakewood Country Club Dallas, TX | $36,499,894 | $12,939,033 |
Southern Hills Country Club Tulsa, OK | $59,775,336 | $17,253,423 |
Bent Tree Country Club Inc Dallas, TX | $52,898,770 | $18,703,072 |
San Antonio Bowl Association Inc San Antonio, TX | $23,366,634 | $15,285,082 |
Bowling Proprietors Association Of America Inc Arlington, TX | $23,082,341 | $10,209,119 |