Royal Oaks Country Club Inc
- Assets
- $36.8m
- Revenue
- $18.7m
- Investments
- $0.0
- Employees
- 164
- Location
- Dallas, TX
- Founding
- 00/0000
- Data as of
- 09/2021
- EIN
- 75-1291969
Organization Overview
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 09/2021, Royal Oaks Country Club Inc employed 164 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 09/2021, Royal Oaks Country Club Inc generated $18.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $18.6m during the year ending 09/2021. While expenses have increased by 1.1% per year over the past 6 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
PROVIDE MEMBERS AN ENTERTAINMENT FACILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL SUPPORT AND AUXILIARY SERVICES PROVIDED TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Todd Harbour General Manager & COO | Officer | 40 | $408,769 |
Kristofer Davis Director Of Agronomy | Officer | 40 | $300,069 |
Dean Larsson Head Golf Professional | Officer | 40 | $299,362 |
Jarrett Chirico Director Of Tennis | Officer | 40 | $275,297 |
James Bregard Controller | Officer | 40 | $219,299 |
Chris Molina Tennis Professional | 40 | $185,137 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Randy Smith Golf Instruction Llc Golf Professional | 9/29/21 | $141,000 |
Ezequiel Rosas Landscaping | 9/29/21 | $111,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,497,077 |
| 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 | $11,497,077 |
| Total Program Service Revenue | $5,125,788 |
| Investment income | $0 |
| 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 | $2,097,370 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,720,235 |
| 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. | $2,899,123 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,415,020 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $294,834 |
| Payroll taxes | $602,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,368 |
| 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 | $51,852 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $318,138 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,705,486 |
| Insurance | $1,229,508 |
| All other expenses | $5,748,270 |
| Total functional expenses | $18,620,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,298,872 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,320,741 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,300,405 |
| Inventories for sale or use | $418,595 |
| Prepaid expenses and deferred charges | $140,603 |
| Net Land, buildings, and equipment | $22,309,875 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,580 |
| Total assets | $36,812,671 |
| Accounts payable and accrued expenses | $1,648,769 |
| Grants payable | $0 |
| Deferred revenue | $1,342,667 |
| 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 | $4,953,181 |
| Other liabilities | $21,359,814 |
| Total liabilities | $29,304,431 |
| Net assets without donor restrictions | $7,508,240 |
| 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 | $36,812,671 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Royal Oaks Country Club Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Trans-Mississippi Turf Scholarship Fund Dallas, TX PURPOSE: GENERAL SUPPORT | $3,500 |
Trans-Mississippi Turf Scholarship Fund Dallas, TX PURPOSE: GENERAL SUPPORT | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Country Club Dallas, TX | $88,595,655 | $22,324,352 |
Lakeside Country Club Houston, TX | $69,220,529 | $18,860,611 |
Brook Hollow Golf Club Dallas, TX | $62,764,529 | $18,371,146 |
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 |