Hot Springs Country Club Inc
- Assets
- $3.3m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 120
- Location
- Hot Springs, AR
- Founding
- Data as of
- 12/2023
- EIN
- 83-3064225
Organization Overview
Hot Springs Country Club Inc is located in Hot Springs, AR. 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, Hot Springs Country Club Inc employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hot Springs 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 12/2023, Hot Springs Country Club Inc generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $4.1m during the year ending 12/2023. While expenses have increased by 19.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE HOT SPRINGS COUNTRY CLUB WAS ESTABLISHED IN 1898 AS A SEMI-PRIVATE CLUB OFFERING MEMBERSHIP PRIVILEGES TO THE LOCAL RESIDENTS, AS WELL AS PROVIDING GOLFING OPPORTUNITIES FOR THE OUT-OF-TOWN VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES RESTAURANT, GOLF, TENNIS, FITNESS AND AQUATIC FACILITIES FOR ITS MEMBERS AND GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Howard General Mana | Officer | 40 | $100,000 |
Melissa Peyton President | OfficerTrustee | $0 | |
Clint Crabtree Secretary | Trustee | $0 | |
David Turrentine Director | Trustee | $0 | |
Brian Mcrae Director | Trustee | $0 | |
Jessica Cannon Director | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blb Golf Pass Thru | 12/30/21 | $321,292 |
Bwi Chemicals | 12/30/21 | $196,441 |
Hs Golf & Country Club Inc Lease Land | 12/30/21 | $189,633 |
Ben E Keith Food Inventory | 12/30/21 | $187,267 |
United Health Care Health Insuranc | 12/30/21 | $140,837 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $159,479 |
| 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 | $159,479 |
| Total Program Service Revenue | $4,319,284 |
| Investment income | $26,350 |
| 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 | -$2,119 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,546,223 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,472,164 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $164,535 |
| Payroll taxes | $168,739 |
| Fees for services: Management | $14,777 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,133 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $434,989 |
| Advertising and promotion | $4,425 |
| Office expenses | $8,901 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $410,403 |
| Travel | $8,248 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,470 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $111,091 |
| Insurance | $89,435 |
| All other expenses | $531,004 |
| Total functional expenses | $4,112,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,660,404 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $471,263 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $136,601 |
| Prepaid expenses and deferred charges | $21,093 |
| Net Land, buildings, and equipment | $987,470 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,142 |
| Total assets | $3,325,973 |
| Accounts payable and accrued expenses | $341,925 |
| Grants payable | $0 |
| Deferred revenue | $501,645 |
| 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 | $0 |
| Other liabilities | $142,765 |
| Total liabilities | $986,335 |
| Net assets without donor restrictions | $2,339,638 |
| 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 | $3,325,973 |