Hurstbourne Country Club Inc
- Assets
- $11.8m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 209
- Location
- Louisville, KY
- Founding
- 07/1972
- Data as of
- 12/2022
- EIN
- 61-0708294
Organization Overview
Hurstbourne Country Club Inc is located in Louisville, KY. The organization was established in 1972. 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 12/2022, Hurstbourne Country Club Inc employed 209 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hurstbourne 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 12/2022, Hurstbourne Country Club Inc generated $8.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $6.6m during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 8 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
HURSTBOURNE COUNTRY CLUB IS A PRIVATE SOCIAL CLUB PROVIDING RECREATIONAL AND SOCIAL ACTIVITIES FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF SOCIAL CLUB PROVIDING RECREATIONAL AND SOCIAL ACTIVITIES FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Pritchett Greenskeeper | Officer | 40 | $177,508 |
Danny Baron Club Manager | Officer | 40 | $176,274 |
Terri Greenwell Finance And Hr Manager | 40 | $109,521 | |
Troy Schuster Executive Chef | 40 | $100,620 | |
Bill Jessee Treasurer | OfficerTrustee | 0.5 | $0 |
Don Wirtzberger Past President | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Triple H Services Llc Golf Course Maintenance | 12/30/22 | $207,321 |
Buffalo Construction Inc Construction | 12/30/22 | $128,093 |
Jra Architects Architectural Design | 12/30/22 | $113,320 |
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 | $28,274 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,274 |
| Total Program Service Revenue | $6,525,870 |
| Investment income | $2,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,473 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,648,174 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,271,585 |
| 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. | $371,298 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,475,316 |
| Pension plan accruals and contributions | $28,239 |
| Other employee benefits | $213,508 |
| Payroll taxes | $260,215 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,824 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $120,396 |
| Advertising and promotion | $0 |
| Office expenses | $71,272 |
| Information technology | $46,478 |
| Royalties | $0 |
| Occupancy | $288,704 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $72,346 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $625,532 |
| Insurance | $146,325 |
| All other expenses | $602,717 |
| Total functional expenses | $6,608,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,086,584 |
| Savings and temporary cash investments | $688,435 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $595,132 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $103,826 |
| Prepaid expenses and deferred charges | $21,708 |
| Net Land, buildings, and equipment | $7,879,419 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $387,791 |
| Total assets | $11,762,895 |
| Accounts payable and accrued expenses | $680,762 |
| 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 | $1,768,641 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $703,400 |
| Total liabilities | $3,152,803 |
| Net assets without donor restrictions | $8,610,092 |
| 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 | $11,762,895 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
Delta Zeta National Housing Corporation Oxford, OH | $87,996,446 | $22,719,151 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |
Union League Club Of Chicago Chicago, IL | $26,749,429 | $20,158,030 |
Missouri Athletic Club St Louis, MO | $22,640,194 | $18,091,674 |
Delta Zeta Nat'l Housing Co (group Return) Oxford, OH | $23,862,160 | $20,580,612 |
Alpha Chi Omega Fraternity Inc Indianapolis, IN | $29,119,055 | $16,507,869 |
Hillwood Country Club Nashville, TN | $28,189,115 | $15,197,355 |
Belle Meade Country Club Nashville, TN | $42,979,255 | $14,973,436 |
Butterfield Country Club Oak Brook, IL | $37,524,568 | $14,281,799 |
University Club Of Chicago Chicago, IL | $40,558,650 | $14,990,991 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |