Austin Club
- Assets
- $4.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 83
- Location
- Austin, TX
- Founding
- 12/1951
- Data as of
- 12/2022
- EIN
- 74-1093739
Organization Overview
Austin Club is located in Austin, 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 12/2022, Austin Club employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Austin 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, Austin Club generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 5 years. 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
PRIVATE DINING CLUB SERVING MEMBERS AND THEIR GUESTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LUNCH, DINNER, AND OTHER SERVICES TO DUES PAYING MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Richardson General Manager | 40 | $0 | |
Bradley Bryan Director | Trustee | 1 | $0 |
Jamie Capelo Director | Trustee | 1 | $0 |
Claudette Hartman Director | Trustee | 1 | $0 |
Curtis Fuelberg President | OfficerTrustee | 1 | $0 |
Galt Graydon Executive Committee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $928,497 |
| 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 | $928,497 |
| Total Program Service Revenue | $214,126 |
| Investment income | $37,638 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $654,784 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,899,904 |
| 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. | $170,370 |
| Compensation of current officers, directors, key employees. | $170,370 |
| Compensation to disqualified persons | $856,397 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $24,000 |
| Other employee benefits | $95,499 |
| Payroll taxes | $101,263 |
| Fees for services: Management | $68,184 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $61,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $60,453 |
| Office expenses | $33,042 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $273,477 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,603 |
| Insurance | $71,091 |
| All other expenses | $3,995 |
| Total functional expenses | $2,012,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $984,469 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $276,938 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,783 |
| Prepaid expenses and deferred charges | $77,271 |
| Net Land, buildings, and equipment | $219,666 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,053,548 |
| Total assets | $4,650,675 |
| Accounts payable and accrued expenses | $324,448 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $149,900 |
| Other liabilities | $2,648,866 |
| Total liabilities | $3,123,214 |
| Net assets without donor restrictions | $1,527,461 |
| 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 | $4,650,675 |