Hereford Country Club Inc
- Assets
- $864.1k
- Revenue
- $830.7k
- Investments
- $0.0
- Employees
- 48
- Location
- Hereford, TX
- Founding
- 02/1962
- Data as of
- 09/2022
- EIN
- 75-1053926
Organization Overview
Hereford Country Club Inc is located in Hereford, TX. The organization was established in 1962. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2022, Hereford Country Club Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hereford 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 09/2022, Hereford Country Club Inc generated $830.7k 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 $866.7k during the year ending 09/2022. While expenses have increased by 1.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SOCIAL AND RECREATIONAL FACILITIES FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SOCIAL AND RECREATIONAL FACILITIES FOR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Sciumbato Manager | 45 | $118,681 | |
Clint Savoini President | OfficerTrustee | 1 | $0 |
Tamara Vogel Vice-Preside | OfficerTrustee | 1 | $0 |
Angela Blackmon Secretary | OfficerTrustee | 1 | $0 |
Macy Lopez Director | Trustee | 1 | $0 |
Robert Boozer 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 | $517,189 |
| Investment income | $762 |
| 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 | $306,809 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $830,715 |
| 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. | $114,142 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $310,689 |
| Pension plan accruals and contributions | $7,748 |
| Other employee benefits | $41,783 |
| Payroll taxes | $34,334 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,511 |
| Advertising and promotion | $2,542 |
| Office expenses | $3,095 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,721 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,551 |
| Insurance | $31,971 |
| All other expenses | $19,570 |
| Total functional expenses | $866,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,525 |
| Savings and temporary cash investments | $201,447 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $103,490 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,600 |
| Prepaid expenses and deferred charges | $17,245 |
| Net Land, buildings, and equipment | $337,746 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $864,053 |
| Accounts payable and accrued expenses | $41,248 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $41,248 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $378,222 |
| Paid-in or capital surplus, or land, building, or equipment fund | $239,137 |
| Retained earnings, endowment, accumulated income, or other funds | $205,446 |
| Total liabilities and net assets/fund balances | $864,053 |
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|---|---|---|
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