Lochinvar Golf Club
- Assets
- $12.3m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 110
- Location
- Houston, TX
- Founding
- 04/1979
- Data as of
- 08/2021
- EIN
- 74-1984491
Organization Overview
Lochinvar Golf Club is located in Houston, TX. The organization was established in 1979. 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 08/2021, Lochinvar Golf Club employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lochinvar Golf Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2021, Lochinvar Golf Club generated $5.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $5.7m during the year ending 08/2021. 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
OPERATING A PRIVATE GOLF CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUB PROVIDES ACCOMODATIONS SUCH AS FOOD, BEVERAGE, GOLF PRO SHOP WITH GOLF APPAREL AND HARD GOODS, AND GOLFING FACILITIES FOR THE BENEFIT OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney Houston General Manager | Officer | 50 | $200,796 |
Kevin Cooper Superintendent | 50 | $196,037 | |
Jennifer Jones Controller/cfo | 50 | $120,360 | |
Mark Gladstein Secretary | OfficerTrustee | 1 | $0 |
Ted Pound Board Member At Large | OfficerTrustee | 1 | $0 |
Greg Engel Treasurer | 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 | $5,037,139 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,788 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $634,107 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,700,034 |
| 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. | $206,185 |
| Compensation of current officers, directors, key employees. | $206,185 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,386,927 |
| Pension plan accruals and contributions | $45,346 |
| Other employee benefits | -$21,315 |
| Payroll taxes | $202,110 |
| Fees for services: Management | $63,970 |
| Fees for services: Legal | $6,370 |
| Fees for services: Accounting | $22,236 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $163,594 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $458,755 |
| Travel | $7,672 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,573 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $925,886 |
| Insurance | $133,723 |
| All other expenses | $86,923 |
| Total functional expenses | $5,734,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,177,893 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $297,463 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $146,276 |
| Prepaid expenses and deferred charges | $176,180 |
| Net Land, buildings, and equipment | $9,487,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,285,012 |
| Accounts payable and accrued expenses | $485,335 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $485,335 |
| Net assets without donor restrictions | $11,799,677 |
| 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 | $12,285,012 |
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