Riverbend Country Club Inc
- Assets
- $5.9m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 158
- Location
- Sugar Land, TX
- Founding
- 11/1961
- Data as of
- 12/2022
- EIN
- 74-1305017
Organization Overview
Riverbend Country Club Inc is located in Sugar Land, TX. The organization was established in 1961. 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, Riverbend Country Club Inc employed 158 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverbend Country Club Inc 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, Riverbend Country Club Inc generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $5.9m during the year ending 12/2022. While expenses have increased by 3.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE COUNTRY CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPORTS ACTIVITIES: GOLF COURSE EXPENSES $1,352,826 GOLF CART EXPENSES $96,586, GOLF PRO SHOP $783,679, SWIMMING AND TENNIS EXPENSES $107,362.
FOOD AND BEVERAGE SERVICES: COST OF PRODUCTS $450,501 AND SALARIES AND OTHER EXPENSES $1,034,183.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Chappelear Treasurer | OfficerTrustee | 1.3 | $0 |
Craig Anderson President | OfficerTrustee | 1.3 | $0 |
Larry Dannemmiller VP Grounds & Greens | OfficerTrustee | 1.3 | $0 |
Mark Elliott Sports Chair | OfficerTrustee | 1.3 | $0 |
Mike Inselmann Membership Chair | OfficerTrustee | 1.3 | $0 |
Richard Muller Traditions Member | OfficerTrustee | 1.3 | $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 | $5,892,048 |
| Investment income | $102 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,030,007 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $580,810 |
| Pension plan accruals and contributions | $18,000 |
| Other employee benefits | $68,443 |
| Payroll taxes | $48,709 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,004 |
| Advertising and promotion | $14,574 |
| Office expenses | $5,104 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,599 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,506 |
| Interest | $116,670 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $445,227 |
| Insurance | $172,201 |
| All other expenses | $150,659 |
| Total functional expenses | $5,857,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,819,880 |
| Savings and temporary cash investments | $41,201 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $569,879 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $212,513 |
| Prepaid expenses and deferred charges | $34,565 |
| Net Land, buildings, and equipment | $3,223,641 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,025 |
| Total assets | $5,908,704 |
| Accounts payable and accrued expenses | $637,866 |
| 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 | $1,922,685 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $335,098 |
| Total liabilities | $2,895,649 |
| 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 | $3,013,055 |
| Total liabilities and net assets/fund balances | $5,908,704 |