Dallas Athletic Club
- Assets
- $31.0m
- Revenue
- $18.4m
- Investments
- $0.0
- Employees
- 393
- Location
- Dallas, TX
- Founding
- 07/1924
- Data as of
- 10/2023
- EIN
- 75-0223180
Organization Overview
Dallas Athletic Club is located in Dallas, TX. The organization was established in 1924. 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 10/2023, Dallas Athletic Club employed 393 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dallas Athletic Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, Dallas Athletic Club generated $18.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $16.8m during the year ending 10/2023. While expenses have increased by 6.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DALLAS ATHLETIC CLUB IS COMMITTED TO ENHANCING THE SOCIAL AND ATHLETIC LIFESTYLES OF OUR MEMBERS BY PROMOTING A CULTURE OF WARM HOSPITALITY, PERSONALIZED SERVICE, QUALITY AMENITIES AND RELEVANT PROGRAMS FOR THE DIVERSE NEEDS OF OUR MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB MAINTAINS A PRIVATE GOLF COURSE FOR THE USE OF ITS MEMBERS AND THEIR GUESTS IN ADDITION TO VARIOUS CLUB AND MEMBER TOURNAMENTS. A COMPLETE PRO SHOP IS ALSO PROVIDED. THE CLUB PROVIDES TENNIS FACILITIES FOR ITS MEMBERS AND THEIR GUESTS. CLUB PROFESSIONALS TEACH TENNIS LESSONS AND HOLD LOCAL TOURNAMENTS FOR MEMBERS FOR ADDITIONAL ASSESSMENTS. THE CLUB MAINTAINS SWIMMING FACILITIES FOR ITS MEMBERS IN ADDITION TO TEACHING SWIMMING LESSONS. MEMBER AND OTHER OUTSIDE GROUPS MAY RENT THE FACILITY FOR PRIVATE PARTIES. THE CLUB MAINTAINS FITNESS FACILITIES FOR ITS MEMBERS OFFERING EXERCISE, FITNESS, WELLNESS AND PERSONAL TRAINING WITH WEIGHTS, EQUIPMENT, INDIVIDUAL AND GROUP LESSONS. MASSAGE AND GOLF PERFORMANCE PROGRAMS ARE ALSO OFFERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lance Lane President/director | OfficerTrustee | 10 | $0 |
Matt Sisk 1st Vice President/director | OfficerTrustee | 5 | $0 |
Jerome Anderson Former 1st Vice President/director | OfficerTrustee | 5 | $0 |
Don Gafner 2nd Vice President/director | OfficerTrustee | 5 | $0 |
Scott Dooley Former 2nd Vice President/ | OfficerTrustee | 5 | $0 |
Warren Sibley Secretary/director | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ben E Keith Food | 10/30/15 | $699,198 |
Blue Cross Blue Shield Health Insurance | 10/30/15 | $537,809 |
Sanders Golf Llc Construction | 10/30/15 | $533,579 |
Spec's Wine Spirits Liquor | 10/30/15 | $220,483 |
Acushnet Golf Equipment And Clothing | 10/30/15 | $182,704 |
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 | $15,891,234 |
| Investment income | $176,578 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$211,683 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,565,207 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,438,206 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,641 |
| 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. | $686,113 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,153,193 |
| Pension plan accruals and contributions | $135,688 |
| Other employee benefits | $1,138,694 |
| Payroll taxes | $693,417 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,818 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,114 |
| Advertising and promotion | $116,284 |
| Office expenses | $1,252,768 |
| Information technology | $88,011 |
| Royalties | $0 |
| Occupancy | $2,240,147 |
| Travel | $185,630 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,205 |
| Interest | $328,861 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,112,353 |
| Insurance | $292,084 |
| All other expenses | $0 |
| Total functional expenses | $16,813,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,301,183 |
| Savings and temporary cash investments | $6,149,223 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,100,015 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $926,998 |
| Prepaid expenses and deferred charges | $275,683 |
| Net Land, buildings, and equipment | $19,319,331 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $971,485 |
| Total assets | $31,043,918 |
| Accounts payable and accrued expenses | $3,484,175 |
| Grants payable | $0 |
| Deferred revenue | $971,275 |
| 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 | $10,883,680 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,122,570 |
| Total liabilities | $16,461,700 |
| Net assets without donor restrictions | $14,582,218 |
| 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 | $31,043,918 |