Preston Trail Golf Club
- Assets
- $17.6m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 127
- Location
- Dallas, TX
- Founding
- 09/1964
- Data as of
- 09/2022
- EIN
- 75-1102669
Organization Overview
Preston Trail Golf Club is located in Dallas, TX. The organization was established in 1964. 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 09/2022, Preston Trail Golf Club employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preston Trail Golf Club 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, Preston Trail Golf Club generated $8.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $11.2m during the year ending 09/2022. While expenses have increased by 5.1% 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
PROVIDE SOCIAL AND RECREATIONAL ACTIVITIES AND FACILITIES FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SOCIAL AND RECREATIONAL ACTIVITIES AND FACILITIES FOR MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cameron Doan Head Golf Pro | 40 | $334,488 | |
Curt Kelley General Manager | Officer | 40 | $315,133 |
Christopher Rick Assistant Superintendent | Officer | 40 | $282,718 |
Christof Syre Executive Chef | Officer | 40 | $205,100 |
Jeffrey Paeth Controller | Officer | 40 | $155,394 |
Don Mcnamara 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 | $6,653,972 |
| Investment income | $3,125 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $248,132 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,836,568 |
| 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. | $1,093,010 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,372,182 |
| Pension plan accruals and contributions | $317,182 |
| Other employee benefits | $570,338 |
| Payroll taxes | $327,680 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $132,330 |
| Advertising and promotion | $0 |
| Office expenses | $254,891 |
| Information technology | $24,716 |
| Royalties | $0 |
| Occupancy | $1,100,525 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $98,703 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,110,855 |
| Insurance | $134,592 |
| All other expenses | $340,063 |
| Total functional expenses | $11,219,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,723 |
| Savings and temporary cash investments | $857,056 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $918,827 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $96,027 |
| Prepaid expenses and deferred charges | $168,636 |
| Net Land, buildings, and equipment | $15,492,598 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,630,867 |
| Accounts payable and accrued expenses | $1,306,562 |
| 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 | $2,463,879 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,949,500 |
| Total liabilities | $7,719,941 |
| Net assets without donor restrictions | $9,910,926 |
| 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 | $17,630,867 |
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|---|---|---|
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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 |