Royal Oaks Country Club Inc is located in Dallas, TX. The organization was established in 0000. 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 09/2023, Royal Oaks Country Club Inc employed 387 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Royal Oaks 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 09/2023, Royal Oaks Country Club Inc generated $23.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $21.8m during the year ending 09/2023. While expenses have increased by 2.9% 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
PROVIDE MEMBERS AN ENTERTAINMENT FACILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL SUPPORT AND AUXILIARY SERVICES PROVIDED TO MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jarrett Chirico Director Of Raquets | Officer | 40 | $593,494 |
J Todd Harbour General Manager & COO | OfficerTrustee | 40 | $421,233 |
Kristofer Davis Director Of Agronomy | Officer | 40 | $331,018 |
Dean Larsson Head Golf Professional | Officer | 40 | $301,451 |
James Bregard Controller & Treasurer | Officer | 40 | $240,818 |
Chris Molina Tennis Professional | 40 | $214,485 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Teamwork Fr Llc Labor | 9/29/23 | $356,413 |
Randy Smith Golf Instruction Llc Golf Professional | 9/29/23 | $202,175 |
Personal Touch Staffing Labor | 9/29/23 | $126,418 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $13,665,952 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $858,890 |
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 | $14,524,842 |
Total Program Service Revenue | $5,658,936 |
Investment income | $327,675 |
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 | $2,725,078 |
Miscellaneous Revenue | $0 |
Total Revenue | $23,267,200 |
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. | $690,131 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $8,448,720 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $463,449 |
Payroll taxes | $761,690 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $49,855 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $44,247 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $178,594 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,833,184 |
Insurance | $1,331,726 |
All other expenses | $6,714,945 |
Total functional expenses | $21,845,632 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,083,810 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,051,573 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $3,661,378 |
Inventories for sale or use | $567,167 |
Prepaid expenses and deferred charges | $247,776 |
Net Land, buildings, and equipment | $23,078,780 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $737,314 |
Total assets | $38,427,798 |
Accounts payable and accrued expenses | $1,967,051 |
Grants payable | $0 |
Deferred revenue | $1,438,863 |
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 | $2,136,573 |
Other liabilities | $23,765,662 |
Total liabilities | $29,308,149 |
Net assets without donor restrictions | $9,119,649 |
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 | $38,427,798 |