Kinloch Golf Association Corp
- Assets
- $45.6m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 157
- Location
- ManakinSabot, VA
- Founding
- 04/2000
- Data as of
- 12/2022
- EIN
- 54-1951067
Organization Overview
Kinloch Golf Association Corp is located in ManakinSabot, VA. The organization was established in 2000. 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 12/2022, Kinloch Golf Association Corp employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kinloch Golf Association Corp is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Kinloch Golf Association Corp generated $8.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $8.2m during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO PROVIDING ITS MEMBERS AND THEIR GUESTS A PREMIER GOLF EXPERIENCE WITH WORLD CLASS GOLF COURSE CONDITIONS ON A DAILY BASIS COMPLIMENTED WITH A STAFF COMMITTED TO EXEMPLARY SERVICES OFFERED IN A GENUINE AND COMFORTABLE ATMOSPHERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S SOLE ACTIVITY IS THE OPERATION OF A GOLF COURSE AND ALL RELATED AMENITIES FOR THE MEMBERS OF THE ORGANIZATION AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trevor Hedgepeth | 40 | $249,642 | |
Eric M Rule COO | OfficerTrustee | 40 | $238,028 |
Stephen Slotterback | 40 | $170,857 | |
Paul Howell | 40 | $126,019 | |
Gregory J Terry | 40 | $120,224 | |
Paul Gooden | 40 | $105,490 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Landscapes Unlimited Llc Landscaping | 12/30/21 | $156,936 |
Peter Miller Llc Services | 12/30/21 | $218,888 |
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 | $7,094,066 |
| Investment income | $3,227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,758 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $687,605 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,600,278 |
| 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. | $1,010,260 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,263,831 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $94,381 |
| Payroll taxes | $300,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,861 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $36,240 |
| Information technology | $75,790 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $394,993 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,192,349 |
| Insurance | $372,532 |
| All other expenses | $744,210 |
| Total functional expenses | $8,166,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $531,328 |
| Savings and temporary cash investments | $1,013,420 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,213,517 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $985,611 |
| Prepaid expenses and deferred charges | $76,224 |
| Net Land, buildings, and equipment | $27,016,684 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,799,496 |
| Other assets | $11,190 |
| Total assets | $45,647,470 |
| Accounts payable and accrued expenses | $465,473 |
| Grants payable | $0 |
| Deferred revenue | $3,085,400 |
| 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 | $9,458,612 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,009,485 |
| 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 | $32,637,985 |
| Total liabilities and net assets/fund balances | $45,647,470 |