Riverbend Country Club Inc
- Assets
- $6.0m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 125
- Location
- Sugar Land, TX
- Founding
- 11/1961
- Data as of
- 12/2021
- 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 12/2021, Riverbend Country Club Inc employed 125 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 12/2021, Riverbend Country Club Inc generated $5.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $4.9m during the year ending 12/2021. While expenses have increased by 1.8% 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
PRIVATE COUNTRY CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPORTS ACTIVITIES: GOLF COURSE EXPENSES $982,491 GOLF CART EXPENSES $90,495, GOLF PRO SHOP $798,537, SWIMMING AND TENNIS EXPENSES $62,868.
FOOD AND BEVERAGE SERVICES: COST OF PRODUCTS $418,314 AND SALARIES AND OTHER EXPENSES $792,896.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wynn Chapman Employee/general Manager | 40 | $288,556 | |
Tricia Mihalovic Employee/membership Direct | 40 | $155,820 | |
George Cincotta Employee/golf Course Super | 40 | $136,190 | |
Ryan Brant Employee/general Manager | 40 | $106,087 | |
Peyton Elliot Grounds & Greens | OfficerTrustee | 1.3 | $0 |
Kyle Biagioli President, House Chair | 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 | $5,507,773 |
| Investment income | $27 |
| 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 | $5,546,138 |
| 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 | $427,996 |
| Pension plan accruals and contributions | $12,000 |
| Other employee benefits | $64,386 |
| Payroll taxes | $42,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,631 |
| Advertising and promotion | $11,724 |
| Office expenses | $35,091 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,259 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,772 |
| Interest | $124,418 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $433,643 |
| Insurance | $160,096 |
| All other expenses | $111,002 |
| Total functional expenses | $4,939,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,860,422 |
| Savings and temporary cash investments | $41,099 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $551,485 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $153,791 |
| Prepaid expenses and deferred charges | $15,115 |
| Net Land, buildings, and equipment | $3,349,125 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,000 |
| Total assets | $5,975,037 |
| Accounts payable and accrued expenses | $744,242 |
| 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 | $2,051,116 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $339,471 |
| Total liabilities | $3,134,829 |
| 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 | $2,840,208 |
| Total liabilities and net assets/fund balances | $5,975,037 |
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 |