Briar Club
- Assets
- $42.2m
- Revenue
- $17.5m
- Investments
- $0.0
- Employees
- 298
- Location
- Houston, TX
- Founding
- 03/1951
- Data as of
- 09/2023
- EIN
- 74-1094814
Organization Overview
Briar Club is located in Houston, 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 09/2023, Briar Club employed 298 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Briar 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, Briar Club generated $17.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $18.6m during the year ending 09/2023. While expenses have increased by 8.2% 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
A RECREATIONAL CLUB ORGANIZED FOR NONPROFITABLE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES ENGAGED IN FOR THE PLEASURE AND RECREATION OF THE MEMBERS IN ACCORDANCE WITH THE EXEMPT PURPOSE OF A COUNTRY CLUB UNDER CODE SECION 501(C)(7)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Moreno General Manager/coo | Officer | 40 | $280,698 |
Brett Emerson Tennis Director | 40 | $178,210 | |
Michael Powell Executive Chef | 40 | $169,894 | |
Samantha Van Veen Assistant General Manager | 40 | $160,059 | |
Linda Benson Membership Director | 40 | $109,778 | |
Kari Foster CFO (07/2022) | Officer | 40 | $72,250 |
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 | $11,999,663 |
| Investment income | $127,432 |
| 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 | $5,366,559 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,493,654 |
| 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. | $355,833 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,726,594 |
| Pension plan accruals and contributions | $98,778 |
| Other employee benefits | $1,009,335 |
| Payroll taxes | $713,393 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,122 |
| Fees for services: Accounting | $37,819 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $678,754 |
| Advertising and promotion | $31,514 |
| Office expenses | $1,980,720 |
| Information technology | $175,560 |
| Royalties | $0 |
| Occupancy | $845,373 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $859,410 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,685,217 |
| Insurance | $461,124 |
| All other expenses | $1,142,763 |
| Total functional expenses | $18,623,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,425,158 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,680,961 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $369,715 |
| Prepaid expenses and deferred charges | $315,104 |
| Net Land, buildings, and equipment | $37,441,811 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $42,232,749 |
| Accounts payable and accrued expenses | $2,289,171 |
| Grants payable | $0 |
| Deferred revenue | $905,554 |
| 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 | $10,499,408 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,694,133 |
| Net assets without donor restrictions | $28,538,616 |
| 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 | $42,232,749 |