Laredo Country Club Inc
- Assets
- $16.0m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 235
- Location
- Laredo, TX
- Founding
- 08/1982
- Data as of
- 06/2022
- EIN
- 74-2176497
Organization Overview
Laredo Country Club Inc is located in Laredo, TX. The organization was established in 1982. 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 06/2022, Laredo Country Club Inc employed 235 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laredo 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 06/2022, Laredo Country Club Inc generated $8.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $8.8m during the year ending 06/2022. While expenses have increased by 5.6% 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
SOCIAL CLUB WITH LIMITED MEMBERSHIP FOR PLEASURE AND RECREATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael E Mainhart General Mana | $160,142 | ||
Cledson Carvalho Assistant Te | $150,612 | ||
Mike Welnetz Head Tennis | $145,395 | ||
Charles R Jan Grounds & Gr | $104,461 | ||
Eduardo Canamar Vice-Preside | OfficerTrustee | $0 | |
Horacio Fernandez Board Member | Trustee | $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 | $3,955,488 |
| Investment income | $0 |
| 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 | $2,081,620 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,982,685 |
| 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 | $3,782,520 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $290,000 |
| Payroll taxes | $386,237 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,035 |
| Fees for services: Accounting | $10,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $49,075 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,550 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $197,901 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $973,148 |
| Insurance | $156,660 |
| All other expenses | $1,604,777 |
| Total functional expenses | $8,751,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,781 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,245,148 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $606,046 |
| Prepaid expenses and deferred charges | $242,221 |
| Net Land, buildings, and equipment | $13,245,597 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $45,352 |
| Other assets | $222,372 |
| Total assets | $15,950,517 |
| Accounts payable and accrued expenses | $1,007,516 |
| Grants payable | $0 |
| Deferred revenue | $59,897 |
| 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 | $4,598,365 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,665,778 |
| Net assets without donor restrictions | $10,284,739 |
| 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 | $15,950,517 |