Corsicana Country Club Inc
- Assets
- $2.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 68
- Location
- Corsicana, TX
- Founding
- 05/1942
- Data as of
- 12/2021
- EIN
- 75-0211156
Organization Overview
Corsicana Country Club Inc is located in Corsicana, 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 12/2021, Corsicana Country Club Inc employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corsicana 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 12/2021, Corsicana Country Club Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.2m 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
TO PROVIDE GOLF, DINING, BAR AND FACILITIES FOR SOCIAL AND RECREATIONAL USE FOR MEMBERS AND THEIR GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COUNTRY CLUB OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rey Stroube Treasurer | OfficerTrustee | 15 | $0 |
Jason Sodd Vice President | OfficerTrustee | 2 | $0 |
Charlotte Paulk Secretary | OfficerTrustee | 2 | $0 |
Nick Veldman President | OfficerTrustee | 15 | $0 |
Phil Farmer Member | Trustee | 2 | $0 |
Steve Huffman Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $711,096 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $164,003 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,694 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $890,793 |
| Total Program Service Revenue | $354,360 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,250 |
| 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 | $280,718 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,527,121 |
| 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 | $591,224 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,400 |
| Payroll taxes | $53,441 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $586 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,159 |
| Advertising and promotion | $2,347 |
| Office expenses | $8,634 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,683 |
| Travel | $163 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61 |
| Interest | $30,783 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $51,065 |
| All other expenses | $189,340 |
| Total functional expenses | $1,195,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,730 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $166,616 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $58,824 |
| Prepaid expenses and deferred charges | $20,552 |
| Net Land, buildings, and equipment | $1,693,202 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,091,924 |
| Accounts payable and accrued expenses | $43,465 |
| 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 | $587,614 |
| Total liabilities | $631,079 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,129,105 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $331,740 |
| Total liabilities and net assets/fund balances | $2,091,924 |
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|---|---|---|
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Lakewood Country Club Dallas, TX | $36,499,894 | $12,939,033 |
Southern Hills Country Club Tulsa, OK | $59,775,336 | $17,253,423 |
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