Midland Country Club
- Assets
- $28.2m
- Revenue
- $16.0m
- Investments
- $0.0
- Employees
- 234
- Location
- Midland, TX
- Founding
- 09/1934
- Data as of
- 12/2022
- EIN
- 75-0436942
Organization Overview
Midland Country Club is located in Midland, TX. The organization was established in 1934. 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 12/2022, Midland Country Club employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midland 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, Midland Country Club generated $16.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $13.2m during the year ending 12/2022. While expenses have increased by 6.4% 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
PROVIDE SOCIAL AMENITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SOCIAL AMENITIES.
GOLF - NUMBER OF MEMBERS IS 658FOOD & BEVERAGETENNISSWIMMING POOL
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evan Johansen General Manager/coo | Officer | 40 | $329,903 |
Michael Doty Director Of Tennis | Officer | 40 | $209,741 |
Thomas Brown Course Superintendent | Officer | 40 | $207,362 |
Evan Dunkerson Head Golf Pro | Officer | 40 | $171,478 |
Chris Cook Clubhouse Manager | 40 | $155,253 | |
Jenni Rivas Membership Director | 40 | $150,952 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fleetwood Services Cart Path | 12/30/22 | $509,593 |
Tommy Hawkins Construction A Street Entry | 12/30/22 | $238,426 |
Castillo Dream Homes Clubhouse Renovation | 12/30/22 | $220,656 |
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 | $10,910,347 |
| Investment income | $24,241 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $938,861 |
| 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 | $3,769,664 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,973,291 |
| 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. | $965,851 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,508,367 |
| Pension plan accruals and contributions | $109,258 |
| Other employee benefits | $623,987 |
| Payroll taxes | $507,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,831 |
| Fees for services: Accounting | $30,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,969 |
| Advertising and promotion | $23,803 |
| Office expenses | $205,217 |
| Information technology | $88,766 |
| Royalties | $0 |
| Occupancy | $675,288 |
| Travel | $112,957 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,208 |
| Interest | $98,164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,319,274 |
| Insurance | $0 |
| All other expenses | $1,325,810 |
| Total functional expenses | $13,198,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,908,092 |
| Savings and temporary cash investments | $488,476 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,392,544 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $423,572 |
| Prepaid expenses and deferred charges | $123,080 |
| Net Land, buildings, and equipment | $18,795,786 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,044,315 |
| Total assets | $28,175,865 |
| Accounts payable and accrued expenses | $1,535,794 |
| Grants payable | $0 |
| Deferred revenue | $2,055,710 |
| 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 | $2,134,479 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,047,044 |
| Total liabilities | $6,773,027 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $843,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $20,559,838 |
| Total liabilities and net assets/fund balances | $28,175,865 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
River Oaks Country Club Houston, TX | $73,616,610 | $29,469,284 |
San Antonio Country Club San Antonio, TX | $32,771,937 | $23,788,660 |
Shady Oaks Country Club Inc Fort Worth, TX | $32,968,656 | $15,253,565 |
Midland Country Club Midland, TX | $28,175,865 | $15,973,291 |
Green Tree Country Club Midland, TX | $24,557,107 | $12,993,458 |
Dngc Member Club Inc Dallas, TX | $29,289,418 | $12,348,181 |
Unity One Credit Union Fort Worth, TX | $307,107,463 | $12,194,283 |
Baton Rouge Country Club Inc Baton Rouge, LA | $28,846,628 | $10,362,184 |
Brae Burn Country Club Houston, TX | $18,876,104 | $6,861,464 |
Mira Vista Country Club Fort Worth, TX | $16,102,268 | $9,038,386 |
Dallas Petroleum Club Dallas, TX | $6,437,336 | $6,134,462 |
Krewe Of Bacchus Inc New Orleans, LA | $5,050,746 | $6,016,204 |