Richland Country Club
- Assets
- $44.3m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 383
- Location
- Nashville, TN
- Founding
- 04/1952
- Data as of
- 09/2021
- EIN
- 62-0339350
Organization Overview
Richland Country Club is located in Nashville, TN. The organization was established in 1952. As of 09/2021, Richland Country Club employed 383 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richland Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2021, Richland Country Club generated $11.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $13.1m during the year ending 09/2021. While expenses have increased by 5.4% per year over the past 6 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
PROVIDING THE ORGANIZATION'S MEMBERS AND THEIR GUESTS WITH ALL THE USUAL PRIVILEGES, ADVANTAGES, CONVENIENCES AND ACCOMODATIONS OF THE CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTAURANT AND BAR - THE ORGANIZATION PROVIDES RESTAURANT AND BAR FACILITIES ON THE PREMISES FOR ITS MEMBERS AND MEMBERS' GUESTS.
GOLF COURSE, GOLF CARTS AND PROSHOP - THE ORGANIZATION PROVIDES FACILITIES AND A PROSHOP ON THE PREMISES FOR ITS MEMBERS AND MEMBERS' GUESTS TO PLAY GOLF AND PURCHASE GOLF EQUIPMENT.
TENNIS - THE ORGANIZATION PROVIDES TENNIS COURTS ON THE PREMISES FOR ITS MEMBERS AND MEMBERS' GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martel Meyer CEO | Officer | 40 | $362,885 |
Scott Freund Golf Course Superintendent | Officer | 40 | $257,112 |
John Spelman Golf Pro | Officer | 40 | $226,233 |
John Hancock Executive Chef | Officer | 40 | $163,469 |
Justin Kitchen Fitness Director | 40 | $154,459 | |
Dustin Overbeak Tennis Pro | 40 | $146,915 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bergin Golf Designs Architect & Design Services | 9/29/21 | $163,801 |
Parkes Companies Inc Construction | 9/29/21 | $1,091,727 |
Sanders Golf Llc Golf Course | 9/29/21 | $5,156,405 |
Artisan Landscape Group Landscape Design | 9/29/21 | $123,058 |
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 | $8,393,809 |
| Investment income | $1,436 |
| 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 | $2,706,262 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,132,145 |
| 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. | $652,546 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,303,427 |
| Pension plan accruals and contributions | $115,513 |
| Other employee benefits | $579,552 |
| Payroll taxes | $559,060 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,943 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $129,990 |
| Advertising and promotion | $1,250 |
| Office expenses | $806,566 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $772,345 |
| Travel | $2,645 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,035 |
| Interest | $162,334 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,433,933 |
| Insurance | $181,024 |
| All other expenses | $684,375 |
| Total functional expenses | $13,126,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,110,194 |
| Savings and temporary cash investments | $2,866,585 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,120,870 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $429,810 |
| Prepaid expenses and deferred charges | $36,439 |
| Net Land, buildings, and equipment | $35,735,942 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,470 |
| Total assets | $44,301,310 |
| Accounts payable and accrued expenses | $3,574,076 |
| Grants payable | $0 |
| Deferred revenue | $3,065,668 |
| 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 | $11,651,241 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,290,985 |
| Net assets without donor restrictions | $26,010,325 |
| 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 | $44,301,310 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richland Country Club Nashville, TN | $44,301,310 | $11,132,145 |
Chapel Hill Country Club Inc Chapel Hill, NC | $14,564,200 | $9,647,234 |
Lake Hickory Country Club Inc Hickory, NC | $6,558,678 | $5,457,620 |
Coosa Country Club Corp Rome, GA | $8,434,818 | $5,675,587 |
Pine Bluff Country Club Inc Pine Bluff, AR | $2,200,386 | $1,766,077 |
Lakewood Golf & Country Club Tullahoma, TN | $1,389,241 | $1,346,214 |
Monticello Country Club Inc Monticello, AR | $397,290 | $769,110 |
Country Club Headland, AL | $257,362 | $0 |
Prescott Country Club Inc Hwy 67 N Prescott Ar 1/2 Mile Out Of City L Prescott, AR | $282,561 | $68,730 |
Bayou Bend Golf & Country Club Inc Sumner, MS | $138,054 | $81,591 |