Northwood Club
- Assets
- $57.9m
- Revenue
- $18.6m
- Investments
- $0.0
- Employees
- 320
- Location
- Dallas, TX
- Founding
- 08/1949
- Data as of
- 10/2023
- 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 10/2023, Northwood Club employed 320 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 10/2023, Northwood Club generated $18.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $19.7m during the year ending 10/2023. While expenses have increased by 6.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL & LEISURE ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB OPERATES A MAIN CLUBHOUSE, FREE-STANDING GOLF AND TENNIS SHOPS, AN 18-HOLE GOLF COURSE, 16 TENNIS COURTS, A FITNESS CENTER, AND A SWIMMING POOL FOR THE BENEFITS OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Taylor President | OfficerTrustee | 20 | $0 |
Paul K Anderson MD Past President | OfficerTrustee | 10 | $0 |
Blair Oden 1st VP | OfficerTrustee | 10 | $0 |
Greg C Langston 1st VP (thru 12/22) | OfficerTrustee | 10 | $0 |
Michael F Maguire 2nd VP | OfficerTrustee | 10 | $0 |
Joel Pustmueller 2nd VP (thru 12/22) | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Salmar Staffing Llc Contract Staffing | 10/30/23 | $1,097,448 |
Landscapes Unlimited Llc Golf Course Work | 10/30/23 | $334,985 |
Fleetwood Services Llc Golf Course Work | 10/30/23 | $221,271 |
Integrity General Contractors Llc Construction Work | 10/30/23 | $220,560 |
Simplot Golf Course Chemicals | 10/30/23 | $109,912 |
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 | $19,139,527 |
| Investment income | $388,870 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,525 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$950,530 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,588,392 |
| 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 | $7,610,056 |
| Pension plan accruals and contributions | $173,010 |
| Other employee benefits | $795,505 |
| Payroll taxes | $792,379 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $209,501 |
| Advertising and promotion | $58,282 |
| Office expenses | $512,383 |
| Information technology | $194,135 |
| Royalties | $0 |
| Occupancy | $1,326,725 |
| Travel | $199,123 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $108,719 |
| Interest | $179,445 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,073,663 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $19,748,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,286,301 |
| Savings and temporary cash investments | $11,001,497 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,806,311 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $864,435 |
| Prepaid expenses and deferred charges | $475,288 |
| Net Land, buildings, and equipment | $38,453,674 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,887,506 |
| Accounts payable and accrued expenses | $2,418,906 |
| Grants payable | $0 |
| Deferred revenue | $2,084,851 |
| 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 | $5,352,985 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,856,742 |
| Net assets without donor restrictions | $48,030,764 |
| 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 | $57,887,506 |