Hot Springs Country Club Inc
- Assets
- $2.7m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 120
- Location
- Hot Springs, AR
- Founding
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Hot Springs Country Club Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 9.5% per year over the past 2 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
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.
THE CLUB PROVIDES RESTAURANT, GRILL AND BANQUET FACILITIES TO MEMBERS AND NONMEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Howard General Mana | Officer | 60 | $116,000 |
Loel Garner President | OfficerTrustee | 5 | $0 |
Missie Peyton Secretary/tr | OfficerTrustee | 2 | $0 |
Brian Mcrae Vice Preside | OfficerTrustee | 2 | $0 |
Clint Crabtree Director | Trustee | 1 | $0 |
David Turrentine Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bwi Chemicals | 12/30/21 | $196,441 |
Blb Golf Pass Thru | 12/30/21 | $321,292 |
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 | $345,083 |
| 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 | $345,083 |
| Total Program Service Revenue | $3,555,414 |
| Investment income | $916 |
| 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 | $63,498 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,999,960 |
| 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. | $116,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,168,118 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $154,471 |
| Payroll taxes | $137,517 |
| Fees for services: Management | $27,151 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,087,661 |
| Advertising and promotion | $6,863 |
| Office expenses | $7,914 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $329,065 |
| Travel | $1,130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,907 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,663 |
| Insurance | $55,532 |
| All other expenses | $118,689 |
| Total functional expenses | $3,373,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,158,968 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $404,208 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $126,376 |
| Prepaid expenses and deferred charges | $16,458 |
| Net Land, buildings, and equipment | $877,804 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $77,432 |
| Total assets | $2,661,246 |
| Accounts payable and accrued expenses | $320,110 |
| Grants payable | $0 |
| Deferred revenue | $491,220 |
| 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 | $363,984 |
| Total liabilities | $1,175,314 |
| Net assets without donor restrictions | $1,485,932 |
| 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 | $2,661,246 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shady Oaks Country Club Inc Fort Worth, TX | $32,968,656 | $15,253,565 |
Pi Beta Phi Fraternity Housing Corporation Town Country, MO | $77,087,429 | $19,221,332 |
Midland Country Club Midland, TX | $28,175,865 | $15,973,291 |
Green Tree Country Club Midland, TX | $24,557,107 | $12,993,458 |
Dngc Member Club Inc Dallas, TX | $29,289,418 | $12,348,181 |
Unity One Credit Union Fort Worth, TX | $307,107,463 | $12,194,283 |
Baton Rouge Country Club Inc Baton Rouge, LA | $28,846,628 | $10,362,184 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
Brae Burn Country Club Houston, TX | $18,876,104 | $6,861,464 |
Mira Vista Country Club Fort Worth, TX | $16,102,268 | $9,038,386 |
Dallas Petroleum Club Dallas, TX | $6,437,336 | $6,134,462 |
Westborough Country Club St Louis, MO | $12,574,803 | $8,255,604 |