Crown Colony Country Club Inc
- Assets
- $2.8m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 158
- Location
- Lufkin, TX
- Founding
- 09/1979
- Data as of
- 12/2022
- EIN
- 75-1545338
Organization Overview
Crown Colony Country Club Inc is located in Lufkin, TX. The organization was established in 1979. 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 12/2022, Crown Colony Country Club Inc employed 158 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crown Colony 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 12/2022, Crown Colony Country Club Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. While expenses have increased by 0.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RECREATIONAL GOLF, SWIMMING, TENNIS & RACQUETBALL FACILITIES AND DINING AND MEETING FACILITIES FOR MEMBERS AND THEIR FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVING APPROXIMATELY 520 MEMBERS AND THEIR FAMILIES WITH A GOLF COURSE, SWIMMING POOL, TENNIS & RACQUETBALL COURTS, AND A RESTAURANT & BAR. CROWN COLONY WAS RANKED AS ONE OF THE TOP GOLF COURSES IN THE STATE OF TEXAS BY THE DALLAS MORNING NEWS. IT IS A CHAMPIONSHIP PAR 72, 18 HOLE COURSE, CARVED OUT OF 750 ACRES OF BEAUTIFUL EAST TEXAS TIMBER LAND.
SERVING APPROXIMATELY 520 MEMBERS AND THEIR FAMILIES WITH A GOLF COURSE, SWIMMING POOL, TENNIS & RACQUETBALL COURTS, AND A RESTAURANT & BAR. CROWN COLONY WAS RANKED AS ONE OF THE TOP GOLF COURSES IN THE STATE OF TEXAS BY THE DALLAS MORNING NEWS. IT IS A CHAMPIONSHIP PAR 72, 18 HOLE COURSE, CARVED OUT OF 750 ACRES OF BEAUTIFUL EAST TEXAS TIMBER LAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Abeldt Secretary | OfficerTrustee | 4 | $0 |
Bill Barrett Director | Trustee | 4 | $0 |
Jim Barrett Director | Trustee | 4 | $0 |
Don Bogue Director | Trustee | 4 | $0 |
Mary Virginia Casper President | OfficerTrustee | 4 | $0 |
Cooper Castleberry Director | Trustee | 4 | $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 | $2,410,752 |
| Investment income | $84 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $159,956 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,013,646 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,586,688 |
| 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 | $0 |
| Other salaries and wages | $1,468,457 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $75,538 |
| Payroll taxes | $129,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,364 |
| Advertising and promotion | $1,698 |
| Office expenses | $9,797 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $341,916 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $530 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,291 |
| Insurance | $0 |
| All other expenses | $346,233 |
| Total functional expenses | $3,100,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $871,418 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $383,352 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $50,528 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,455,886 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,537 |
| Total assets | $2,766,721 |
| Accounts payable and accrued expenses | $135,334 |
| Grants payable | $0 |
| Deferred revenue | $272,685 |
| 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 | $3,908 |
| Other liabilities | $0 |
| Total liabilities | $411,927 |
| Net assets without donor restrictions | $2,354,794 |
| 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 | $2,766,721 |