Northwood Club
- Assets
- $57.5m
- Revenue
- $19.9m
- Investments
- $0.0
- Employees
- 304
- Location
- Dallas, TX
- Founding
- 08/1949
- Data as of
- 10/2021
- EIN
- 75-0723170
Organization Overview
Northwood Club is located in Dallas, TX. The organization was established in 1949. 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 10/2021, Northwood Club employed 304 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwood Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2021, Northwood Club generated $19.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $16.9m during the year ending 10/2021. While expenses have increased by 6.3% per year over the past 6 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
SOCIAL & LEISURE ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE AND RELATED ACTIVITIES
SPECIAL MEMBER FUNCTIONS, AND FOOD & BEVERAGE
POOL, TENNIS, LOCKER ROOM, AND FITNESS FACILITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Davis General Manager/coo | Officer | 50 | $342,098 |
Bryan Nicholson Director Of Golf | 50 | $298,335 | |
Robert K Carpenter Director Of Agronomy | 50 | $277,863 | |
Christopher Myers Head Teaching Golf Professional | 48 | $264,059 | |
Jason Melton Tennis Professional | 38 | $211,570 | |
Bailey Eric Tennis Professional | 38 | $188,415 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Richard Cheatham Interior Construction General Contractor For Construction | 10/30/21 | $312,119 |
Tha Architects Architect | 10/30/21 | $126,979 |
Cw Custom Flooring Inc Flooring Installer | 10/30/21 | $117,937 |
Salmar Staffing Llc Contract Labor Staffing | 10/30/21 | $207,002 |
Roz Murphy Design Llc Interior Decorator | 10/30/21 | $168,766 |
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 | $20,085,509 |
| Investment income | $52,317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,080 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$291,200 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,852,706 |
| 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. | $645,926 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,836,133 |
| Pension plan accruals and contributions | $100,077 |
| Other employee benefits | $771,755 |
| Payroll taxes | $505,971 |
| Fees for services: Management | $1,540 |
| Fees for services: Legal | $17,748 |
| Fees for services: Accounting | $55,154 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,821 |
| Advertising and promotion | $89,410 |
| Office expenses | $498,707 |
| Information technology | $153,632 |
| Royalties | $0 |
| Occupancy | $1,110,383 |
| Travel | $189,055 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,498 |
| Interest | $254,927 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,618,652 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $16,898,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,430,939 |
| Savings and temporary cash investments | $7,306,138 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,543,782 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $738,913 |
| Prepaid expenses and deferred charges | $269,079 |
| Net Land, buildings, and equipment | $42,218,216 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,507,067 |
| Accounts payable and accrued expenses | $2,157,382 |
| Grants payable | $0 |
| Deferred revenue | $1,359,964 |
| 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 | $7,698,186 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,215,532 |
| Net assets without donor restrictions | $46,291,535 |
| 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 | $57,507,067 |
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 |