Pinecrest Country Club
- Assets
- $3.5m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 101
- Location
- Longview, TX
- Founding
- 08/1951
- Data as of
- 12/2021
- EIN
- 75-0497362
Organization Overview
Pinecrest Country Club is located in Longview, TX. The organization was established in 1951. 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, Pinecrest Country Club employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pinecrest 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 12/2021, Pinecrest Country Club generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.9m 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 OWN AND OPERATE RECREATIONAL FACILITIES FOR THE USE AND ENJOYMENT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OWN AND OPERATE RECREATIONAL FACILITIES INCLUDING A CLUBHOUSE, GOLF COURSE, TENNIS COURTS AND A SWIMMING POOL FOR THE USE AND ENJOYMENT OF ITS 402 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew Jackson Treasurer | OfficerTrustee | 2 | $0 |
Jared Russell Secretary | OfficerTrustee | 1 | $0 |
Worth Jackson Vice President | OfficerTrustee | 2 | $0 |
John Martin President | OfficerTrustee | 2 | $0 |
Scott Moore Director | Trustee | 1 | $0 |
Bo Powers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $288,265 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,667 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $316,932 |
| Total Program Service Revenue | $2,703,922 |
| Investment income | $238 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $122,483 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,149,577 |
| 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 | $1,143,985 |
| Pension plan accruals and contributions | $15,815 |
| Other employee benefits | $60,442 |
| Payroll taxes | $100,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,663 |
| Fees for services: Accounting | $20,570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $183,515 |
| Advertising and promotion | $7,340 |
| Office expenses | $42,561 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $177,566 |
| Travel | $3,051 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $72,972 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $172,723 |
| Insurance | $85,003 |
| All other expenses | $299,336 |
| Total functional expenses | $2,913,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,370 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $309,985 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,752 |
| Prepaid expenses and deferred charges | $39,478 |
| Net Land, buildings, and equipment | $2,245,841 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $384,957 |
| Total assets | $3,459,383 |
| Accounts payable and accrued expenses | $121,540 |
| Grants payable | $0 |
| Deferred revenue | $145,651 |
| 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 | $1,668,184 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,935,375 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,352,050 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $171,958 |
| Total liabilities and net assets/fund balances | $3,459,383 |
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|---|---|---|
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