Odessa Country Club Inc
- Assets
- $26.7m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 258
- Location
- Odessa, TX
- Founding
- 03/1988
- Data as of
- 12/2021
- EIN
- 75-0469883
Organization Overview
Odessa Country Club Inc is located in Odessa, TX. The organization was established in 1988. 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, Odessa Country Club Inc employed 258 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Odessa 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, Odessa Country Club Inc generated $11.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $10.9m during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AND MAINTAIN A CLUB, CLUBHOUSE, GROUNDS AND RECREATIONAL FACILITIES FOR MEMBERS.
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 |
|---|---|---|---|
Ryan George General Manager | Officer | 50 | $300,707 |
Eddie Hatch Food And Beverage Manager | 50 | $127,284 | |
Gregory Hinton Golf Course Superintendant | 50 | $104,363 | |
Micah Foster Vice President | OfficerTrustee | 2 | $0 |
Dan Holimann Secretary/treasurer | OfficerTrustee | 2 | $0 |
David Duree President | OfficerTrustee | 2 | $0 |
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 | $6,903,453 |
| Investment income | $2,117 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $12,184 |
| 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 | $4,714,985 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,650,662 |
| 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. | $321,194 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,667,179 |
| Pension plan accruals and contributions | $62,111 |
| Other employee benefits | $755,940 |
| Payroll taxes | $395,276 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,625 |
| Advertising and promotion | $35,569 |
| Office expenses | $684,460 |
| Information technology | $69,416 |
| Royalties | $0 |
| Occupancy | $763,774 |
| Travel | $231 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $90,075 |
| Interest | $397,087 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,261,034 |
| Insurance | $164,071 |
| All other expenses | $11,212 |
| Total functional expenses | $10,900,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,417 |
| Savings and temporary cash investments | $1,247,044 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,975,183 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $133,344 |
| Prepaid expenses and deferred charges | $110,272 |
| Net Land, buildings, and equipment | $22,938,688 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,343 |
| Total assets | $26,674,291 |
| Accounts payable and accrued expenses | $718,612 |
| Grants payable | $0 |
| Deferred revenue | $937,535 |
| 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 | $7,778,851 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $224,989 |
| Total liabilities | $9,659,987 |
| Net assets without donor restrictions | $17,013,694 |
| Net assets with donor restrictions | $610 |
| 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 | $26,674,291 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Country Club Dallas, TX | $88,595,655 | $22,324,352 |
Lakeside Country Club Houston, TX | $69,220,529 | $18,860,611 |
Brook Hollow Golf Club Dallas, TX | $62,764,529 | $18,371,146 |
Houston Country Club Houston, TX | $109,550,970 | $26,529,286 |
Royal Oaks Country Club Inc Dallas, TX | $36,812,671 | $18,720,235 |
Northwood Club Dallas, TX | $57,507,067 | $19,852,706 |
Oklahoma City Golf & Country Club Nichols Hills, OK | $30,261,356 | $14,527,744 |
Dallas Athletic Club Dallas, TX | $25,203,289 | $20,444,344 |
Austin Country Club Austin, TX | $33,624,786 | $15,055,486 |
Briar Club Houston, TX | $45,723,367 | $13,689,453 |
Lakewood Country Club Dallas, TX | $36,499,894 | $12,939,033 |
Southern Hills Country Club Tulsa, OK | $59,775,336 | $17,253,423 |