Great Hills Golf Club Of Austin Inc Dba Great Hills Country Club
- Assets
- $19.3m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 116
- Location
- Austin, TX
- Founding
- 11/1986
- Data as of
- 12/2022
- EIN
- 74-2373759
Organization Overview
Great Hills Golf Club Of Austin Inc Dba Great Hills Country Club, operating under the name Great Hills Country Club, is located in Austin, TX. The organization was established in 1986. 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, Great Hills Country Club employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Hills Country Club 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, Great Hills Country Club generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $8.3m during the year ending 12/2022. While expenses have increased by 19.4% per year over the past 5 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
WE STRIVE TO CONTINUOUSLY STRENGTHEN GREAT HILLS GOLF CLUB'S AUTHENTIC CULTURE BY FOSTERING LIFELONG FRIENDSHIPS AND PROMOTING A FUN, RESPECTFUL AND COMPETITIVE ENVIRONMENT WHERE ALL MEMBERS CAN ENJOY THE CLUB'S ACTIVITIES AND AMENITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDED ITS 684 MEMBERS AND THEIR GUESTS WITH THE FOLLOWING: - ONE OF AUSTIN'S MORE CHALLENGING CHAMPIONSHIP GOLF COURSES, AN 18-HOLE LAYOUT DESIGNED BY PGA LEGEND DON JANUARY AND ARCHITECT BILLY MARTINDALE, AS WELL AS AN EXTENSIVE PRACTICE RANGE FOR TEACHING PROGRAMS RUN BY ACCLAIMED PGA CERTIFIED GOLF PROFESSIONALS. - AN EXTENSIVE TENNIS PROGRAM WITH 8 COURTS AND LESSONS AVAILABLE FOR COMPETITION OR RELAXATION. - A SWIMMING COMPLEX OFFERING RECREATIONAL FUN AS WELL AS JUNIOR YEAR-ROUND AND SUMMER TEAMS THAT COMPETE WITH SEVERAL OF THE BEST PROGRAMS IN AUSTIN. IN THE WINTER MONTHS, THE POOL IS HEATED TO SERVE YEAR-ROUND MASTERS AND LAP SWIMMING. - A TWO-STORY CLUBHOUSE OFFERING DINING AND MEETING FACILITIES, MEN'S AND LADIES' LOCKER ROOMS, MEETING ROOMS, GOLF AND TENNIS SHOPS, AND A FITNESS AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Banning President | OfficerTrustee | 3 | $0 |
Laura Goodson Vice President | OfficerTrustee | 3 | $0 |
Harry Griffith Secretary | OfficerTrustee | 3 | $0 |
Tim Prickette Treasurer | OfficerTrustee | 3 | $0 |
Greg Fitzgerald Director | Trustee | 1 | $0 |
Richard Sykes II Director | Trustee | 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 | $7,585,893 |
| Investment income | $22,516 |
| 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 | $1,451,156 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,059,565 |
| 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. | $193,149 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,631,010 |
| Pension plan accruals and contributions | $45,868 |
| Other employee benefits | $382,421 |
| Payroll taxes | $492,152 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $185,223 |
| Advertising and promotion | $21,664 |
| Office expenses | $35,661 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $477,886 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $803,368 |
| Insurance | $127,206 |
| All other expenses | $565,017 |
| Total functional expenses | $8,304,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $463,880 |
| Savings and temporary cash investments | $2,035,206 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,163,656 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $248,454 |
| Prepaid expenses and deferred charges | $8,736 |
| Net Land, buildings, and equipment | $15,166,392 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $254,786 |
| Total assets | $19,341,110 |
| Accounts payable and accrued expenses | $525,855 |
| Grants payable | $0 |
| Deferred revenue | $417,326 |
| 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 | $8,823,211 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $282,786 |
| Total liabilities | $10,049,178 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,874,800 |
| Paid-in or capital surplus, or land, building, or equipment fund | $788,678 |
| Retained earnings, endowment, accumulated income, or other funds | $6,628,454 |
| Total liabilities and net assets/fund balances | $19,341,110 |