Amarillo Club Inc
- Assets
- $1.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 67
- Location
- Amarillo, TX
- Founding
- 05/1952
- Data as of
- 12/2021
- EIN
- 75-0764738
Organization Overview
Amarillo Club Inc is located in Amarillo, TX. The organization was established in 1952. 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, Amarillo Club Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amarillo 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, Amarillo Club Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 11.4% 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
AMARILLO CLUB PROVIDES ITS MEMBERS WITH EXCELLENT FACILITIES FOR FOOD, BEVERAGE AND OTHER ACTIVITIES FOR PERSONAL AND BUSINESS BENEFIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FACILITIES, ACTIVITIES, AND FOOD AND BEVERAGE SERVICES FOR THE BENEFIT OF THE CLUB'S MEMBERS' FELLOWSHIP AND PERSONAL CONTACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becky Mckinley Co-President | OfficerTrustee | 0 | $0 |
Bogdan Stanca Treasurer | OfficerTrustee | 0 | $0 |
Reese Beddingfield Vice President | OfficerTrustee | 0 | $0 |
Michele Agostini Co-President | OfficerTrustee | 0 | $0 |
Aaron Emerson Director | Trustee | 1 | $0 |
Margaret Hodge Director | Trustee | 1 | $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 | $979,695 |
| Investment income | $18 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,153 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $689,762 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,913,676 |
| 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 | $854,495 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,151 |
| Payroll taxes | $91,126 |
| Fees for services: Management | $18,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $89,728 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,947 |
| Office expenses | $27,446 |
| Information technology | $36,993 |
| Royalties | $0 |
| Occupancy | $323,938 |
| Travel | $831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $121 |
| Interest | $30,157 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $185,955 |
| Insurance | $30,570 |
| All other expenses | $142,824 |
| Total functional expenses | $2,135,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,972 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $280,215 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $72,274 |
| Prepaid expenses and deferred charges | $5,243 |
| Net Land, buildings, and equipment | $1,248,475 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $1,674,179 |
| Accounts payable and accrued expenses | $394,582 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $250,000 |
| Secured mortgages and notes payable | $799,247 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $93,192 |
| Total liabilities | $1,537,021 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $221,321 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$84,163 |
| Total liabilities and net assets/fund balances | $1,674,179 |
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