Stcc Member Acquisition Inc
- Assets
- $12.2m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Shreveport, LA
- Founding
- Data as of
- 06/2023
- EIN
- 84-3726467
Organization Overview
Stcc Member Acquisition Inc is located in Shreveport, LA. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stcc Member Acquisition Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2023, Stcc Member Acquisition Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $6.1m during the year ending 06/2023. While expenses have increased by 10.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE CORPORATION IS TO OWN AND OPERATE SOUTHERN TRACE COUNTRY CLUB AND ANY RELATED PROPERTY ASSOCIATED WITH IT, AS A PRIVATE MEMBER OWNED GOLF, TENNIS, ATHLETIC, DINING AND SOCIAL CLUB FOR THE PLEASURE AND RECREATION OF ITS MEMBERS, THEIR FAMILY MEMBERS AND GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF - SPORTING ACTIVITY THAT PROVIDES FOR THE PLEASURE AND RECREATION OF THE MEMBERS.
SOCIAL - COMRADERY THAT PROVIDES FOR THE PLEASURE AND RECRATION OF THE MEMBERS.
TENNIS - SPORTING ACTIVITY THAT PROVIDES FOR THE PLEASURE AND RECREATION OF THE MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Salpietra At Large | Trustee | 0 | $0 |
Robert Palmer At Large | Trustee | 0 | $0 |
Cayce Hand At Large | Trustee | 0 | $0 |
John Meldrum At Large | Trustee | 0 | $0 |
Kathy Davis At Large | Trustee | 0 | $0 |
Steven Walker At Large | Trustee | 0 | $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 | $4,915,056 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$59,957 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,279,683 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,134,782 |
| 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 | $2,873,661 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $215,184 |
| Fees for services: Legal | $2,624 |
| Fees for services: Accounting | $2,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,146 |
| Advertising and promotion | $12,872 |
| Office expenses | $9,975 |
| Information technology | $64,417 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $30,571 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $688 |
| Interest | $324,798 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $618,709 |
| Insurance | $76,456 |
| All other expenses | $373,482 |
| Total functional expenses | $6,081,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $328,322 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $621,223 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $308,347 |
| Prepaid expenses and deferred charges | $74,619 |
| Net Land, buildings, and equipment | $10,519,979 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $289,435 |
| Other assets | $36,901 |
| Total assets | $12,178,826 |
| Accounts payable and accrued expenses | $313,074 |
| Grants payable | $0 |
| Deferred revenue | $392,337 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $330,000 |
| Secured mortgages and notes payable | $7,898,287 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,493,942 |
| Total liabilities | $11,427,640 |
| Net assets without donor restrictions | $0 |
| 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 | $751,186 |
| Total liabilities and net assets/fund balances | $12,178,826 |