Amarillo Country Club Inc
- Assets
- $7.4m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 274
- Location
- Amarillo, TX
- Founding
- 05/1942
- Data as of
- 12/2022
- EIN
- 75-0109550
Organization Overview
Amarillo Country Club Inc is located in Amarillo, TX. The organization was established in 1942. 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, Amarillo Country Club Inc employed 274 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amarillo 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 12/2022, Amarillo Country Club Inc generated $7.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $8.2m during the year ending 12/2022. While expenses have increased by 4.2% per year over the past 8 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
THE CLUB IS A HOME AWAY FROM HOME FOR HARDWORKING AND ACCOMPLISHED FAMILIES OF AMARILLO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zachary Vanderham President | OfficerTrustee | 1 | $0 |
Kimberly Dryden Vice President | OfficerTrustee | 1 | $0 |
David Mooney Secretary/treasurer | OfficerTrustee | 1 | $0 |
David Grotegut Past President | OfficerTrustee | 1 | $0 |
Lorraine Wilhelm Director | Trustee | 1 | $0 |
Paul Cooke Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
A-townhi-tech Remodeling Contractor | 12/30/17 | $146,272 |
Clay Estes Tennis Pro | 12/30/17 | $161,697 |
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 | $4,684,086 |
| Investment income | $7,700 |
| 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 | $2,913,648 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,878,839 |
| 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. | $207,934 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,943,735 |
| Pension plan accruals and contributions | $17,003 |
| Other employee benefits | $307,132 |
| Payroll taxes | $356,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,392 |
| Fees for services: Accounting | $21,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $185,060 |
| Advertising and promotion | $0 |
| Office expenses | $471,099 |
| Information technology | $87,198 |
| Royalties | $0 |
| Occupancy | $408,368 |
| Travel | $39,324 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $65,332 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $735,077 |
| Insurance | $178,997 |
| All other expenses | $0 |
| Total functional expenses | $8,230,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,170 |
| Savings and temporary cash investments | $702,276 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $870,540 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $354,984 |
| Prepaid expenses and deferred charges | $49,618 |
| Net Land, buildings, and equipment | $4,970,804 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $455,938 |
| Total assets | $7,445,330 |
| Accounts payable and accrued expenses | $335,565 |
| Grants payable | $0 |
| Deferred revenue | $391,715 |
| 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 | $2,244,954 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,972,234 |
| Net assets without donor restrictions | $4,473,096 |
| 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 | $7,445,330 |