Forest Hills Country Club Inc
- Assets
- $964.5k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 95
- Location
- Richmond, IN
- Founding
- 02/1963
- Data as of
- 11/2021
- EIN
- 35-0612630
Organization Overview
Forest Hills Country Club Inc is located in Richmond, IN. The organization was established in 1963. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 11/2021, Forest Hills Country Club Inc employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forest Hills 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 11/2021, Forest Hills Country Club Inc generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $1.3m during the year ending 11/2021. 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
TO MAINTAIN A SOCIAL CLUB ORGANIZED TO PROVIDE RECREATIONAL AND DINING FACILITIES TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVED APPROXIMATELY 185 MEMBERS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Meyers Secretary | OfficerTrustee | 1 | $0 |
David Brown President | OfficerTrustee | 2 | $0 |
Cathryn Dickman Vice President | OfficerTrustee | 1 | $0 |
Justin Scheiben Treasurer | OfficerTrustee | 1 | $0 |
Austin Schultz Director | Trustee | 1 | $0 |
Roy Teng Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $280,670 |
| 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 | $280,670 |
| Total Program Service Revenue | $681,617 |
| Investment income | $100 |
| 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 | $488,836 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,451,223 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $711,804 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,127 |
| Payroll taxes | $62,383 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,123 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,587 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $282,616 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,832 |
| Insurance | $0 |
| All other expenses | $35,316 |
| Total functional expenses | $1,334,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$5,481 |
| Savings and temporary cash investments | $20,863 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127,958 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,930 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $789,197 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $964,467 |
| Accounts payable and accrued expenses | $72,487 |
| 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 | $701,875 |
| Unsecured mortgages and notes payable | $26,492 |
| Other liabilities | $18,165 |
| Total liabilities | $819,019 |
| Net assets without donor restrictions | $145,448 |
| 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 | $964,467 |
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|---|---|---|
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National Association Of Intercollegiate Athletics Kansas City, MO | $12,204,653 | $13,287,204 |
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St Louis Country Club Saint Louis, MO | $23,333,122 | $12,315,220 |
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