Midland Country Club
- Assets
- $29.1m
- Revenue
- $15.6m
- Investments
- $0.0
- Employees
- 235
- Location
- Midland, TX
- Founding
- 09/1934
- Data as of
- 12/2023
- 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 12/2023, Midland Country Club employed 235 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 12/2023, Midland Country Club generated $15.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $14.1m during the year ending 12/2023. While expenses have increased by 6.4% per year over the past 9 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
PROVIDE SOCIAL AMENITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SOCIAL AMENITIES.
GOLF - NUMBER OF MEMBERS IS 551FOOD & BEVERAGETENNISSWIMMING POOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremiah Luttrell President | OfficerTrustee | 0 | $0 |
Frankie Barela Vice President | OfficerTrustee | 0 | $0 |
Clayton Winkler Secretary / Treasurer | OfficerTrustee | 0 | $0 |
Michael Evans Ex-Officio | OfficerTrustee | 0 | $0 |
Chris Boehler Director | Trustee | 0 | $0 |
Matthew Glover Director | Trustee | 0 | $0 |
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 | $11,123,747 |
| Investment income | $158,974 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $566,286 |
| 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 | $3,740,898 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,610,728 |
| 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. | $1,014,905 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,911,391 |
| Pension plan accruals and contributions | $102,467 |
| Other employee benefits | $674,048 |
| Payroll taxes | $524,484 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,390 |
| Fees for services: Accounting | $34,528 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $119,469 |
| Advertising and promotion | $13,747 |
| Office expenses | $226,036 |
| Information technology | $102,611 |
| Royalties | $0 |
| Occupancy | $773,048 |
| Travel | $99,908 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,382 |
| Interest | $86,637 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,690,333 |
| Insurance | $0 |
| All other expenses | $1,242,857 |
| Total functional expenses | $14,064,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,045,785 |
| Savings and temporary cash investments | $2,302,803 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,482,573 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $488,370 |
| Prepaid expenses and deferred charges | $134,809 |
| Net Land, buildings, and equipment | $19,767,620 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $912,642 |
| Total assets | $29,134,602 |
| Accounts payable and accrued expenses | $1,778,881 |
| Grants payable | $0 |
| Deferred revenue | $2,193,088 |
| 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 | $1,301,820 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $923,497 |
| Total liabilities | $6,197,286 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $853,500 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $22,083,816 |
| Total liabilities and net assets/fund balances | $29,134,602 |