The Briarwood
- Assets
- $2.9m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 78
- Location
- Billings, MT
- Founding
- 01/1984
- Data as of
- 12/2023
- EIN
- 81-0391801
Organization Overview
The Briarwood is located in Billings, MT. The organization was established in 1984. 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 12/2023, Briarwood employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Briarwood is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Briarwood generated $2.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $2.6m during the year ending 12/2023. While expenses have increased by 6.4% per year over the past 9 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
THE PRIMARY STRENGTH OF BRIARWOOD IS ITS' GOLF COURSE. BRIARWOOD IS TO BE MONTANA'S PREMIER PRIVATE COUNTRY CLUB VALUING A UNIQUE AND CHALLENGING GOLF EXPERIENCE ON A COURSE THAT IS PROFESSIONALLY GROOMED AND MAINTAINED. PROFESSIONAL COURTESY, SERVICE, AND FISCAL RESPONSIBILITY ARE VALUED, AND ALL DECISIONS WILL BE MADE FOR THE LONG-TERM BENEFIT OF THE ENTIRE MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SOCIAL AND RECREATIONAL OPPORTUNITIES FOR THE 386 MEMBERS OF THE CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Johnson Director | Trustee | 1 | $0 |
Gary Elenburg Director | Trustee | 1 | $0 |
Tom Hewett Secretary/treasurer | OfficerTrustee | 1 | $0 |
John Uzelac Director | Trustee | 1 | $0 |
Anthony Mccoy 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 | $1,314,844 |
| Investment income | $4,108 |
| 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 | $1,254,219 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,573,171 |
| 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 | $1,177,908 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,099 |
| Payroll taxes | $130,979 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,648 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,179 |
| Office expenses | $13,207 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $179,685 |
| Travel | $2,833 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58,959 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $227,949 |
| Insurance | $56,312 |
| All other expenses | $217,716 |
| Total functional expenses | $2,610,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,410 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,461 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $118,228 |
| Prepaid expenses and deferred charges | $6,444 |
| Net Land, buildings, and equipment | $2,465,597 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,880,140 |
| Accounts payable and accrued expenses | $90,992 |
| 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 | $1,293,960 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $270,590 |
| Total liabilities | $1,655,542 |
| Net assets without donor restrictions | $1,224,598 |
| 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 | $2,880,140 |