Westover Hills Club Inc
- Assets
- $2.2m
- Revenue
- $928.2k
- Investments
- $0.0
- Employees
- 48
- Location
- Austin, TX
- Founding
- 04/1971
- Data as of
- 12/2023
- EIN
- 74-1666485
Organization Overview
Westover Hills Club Inc is located in Austin, TX. The organization was established in 1971. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Westover Hills Club Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westover Hills 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 12/2023, Westover Hills Club Inc generated $928.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $993.2k during the year ending 12/2023. While expenses have increased by 10.4% per year over the past 9 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
WESTOVER HILLS CLUB IS A PRIVATE RECREATIONAL CLUB FOR THE USE OF ITS MEMBERS AND THEIR GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE RECREATIONAL CLUB SERVICING THE GREATER AUSTIN, TX AREA. FACILITIES INCLUDE TENNIS COURTS, SWIMMING POOL, CHILDREN'S PLAYSCAPE, GYMNASIUM, AND MEETING ROOM FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bharath Vasudevan Director | Trustee | 1 | $0 |
Clara Paterson Director | Trustee | 1 | $0 |
Chris Bauer Treasurer | OfficerTrustee | 1 | $0 |
Michael Parker President | OfficerTrustee | 1 | $0 |
Tima Brown Secretary | OfficerTrustee | 1 | $0 |
Kevin Neuman Vice President | OfficerTrustee | 1 | $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 | $911,310 |
| Investment income | $4,140 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,625 |
| 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 | $928,190 |
| 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. | $15,130 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $367,675 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,000 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,500 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $521 |
| Advertising and promotion | $0 |
| Office expenses | $20,150 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,833 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51,581 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,417 |
| Insurance | $28,959 |
| All other expenses | $56,696 |
| Total functional expenses | $993,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,763 |
| Savings and temporary cash investments | $224,728 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,787,071 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,013 |
| Other assets | $0 |
| Total assets | $2,225,575 |
| Accounts payable and accrued expenses | $3,817 |
| 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 | $1,073,256 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,077,073 |
| 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 | $705,578 |
| Retained earnings, endowment, accumulated income, or other funds | $442,924 |
| Total liabilities and net assets/fund balances | $2,225,575 |