Austin Golf Club
- Assets
- $10.7m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 60
- Location
- Spicewood, TX
- Founding
- 06/1999
- Data as of
- 12/2021
- EIN
- 74-2860378
Organization Overview
Austin Golf Club is located in Spicewood, TX. The organization was established in 1999. 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 12/2021, Austin Golf Club employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Austin 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 12/2021, Austin Golf Club generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. 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
THE AUSTIN GOLF CLUB EXISTS AS A PRIVATE NON-COMMERCIAL VENTURE DEDICATED FOR THE USE OF ITS MEMBERS AND THEIR GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE CONTINUES TO SERVE ITS MEMBERS AND STRIVES TO ENHANCE MEMBERSHIP.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zachary Harrington Golf Course Superintendent | Officer | 40 | $173,610 |
Matt Klein General Manager | Officer | 40 | $165,779 |
Kevin Irons Secretary | OfficerTrustee | 0 | $0 |
William Cromwell III President | OfficerTrustee | 10 | $0 |
Lance Hughes Director | Trustee | 0 | $0 |
Nav Sooch Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,517,915 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $213,709 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,731,624 |
| Total Program Service Revenue | $743,064 |
| Investment income | $853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $114,950 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $269,761 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,860,252 |
| 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. | $339,389 |
| Compensation of current officers, directors, key employees. | $165,779 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,389,165 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $267,310 |
| Payroll taxes | $117,055 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,004 |
| Fees for services: Accounting | $66,260 |
| 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 | $11,587 |
| Information technology | $20,294 |
| Royalties | $0 |
| Occupancy | $47,875 |
| Travel | $52 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,712 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $342,141 |
| Insurance | $83,165 |
| All other expenses | $270,018 |
| Total functional expenses | $3,480,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $682,877 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $583,490 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $130,459 |
| Prepaid expenses and deferred charges | $48,826 |
| Net Land, buildings, and equipment | $9,210,311 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,632 |
| Total assets | $10,664,595 |
| Accounts payable and accrued expenses | $36,152 |
| 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 | $93,553 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $767,707 |
| Total liabilities | $897,412 |
| 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 | $9,767,183 |
| Total liabilities and net assets/fund balances | $10,664,595 |
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|---|---|---|
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