Hoover Country Club
- Assets
- $8.3m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 199
- Location
- Birmingham, AL
- Founding
- 01/1965
- Data as of
- 03/2023
- EIN
- 63-0413961
Organization Overview
Hoover Country Club is located in Birmingham, AL. The organization was established in 1965. 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 03/2023, Hoover Country Club employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoover 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 03/2023, Hoover Country Club generated $6.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $5.8m during the year ending 03/2023. While expenses have increased by 5.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COUNTRY CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE AND RELATED ACTIVITIES
SWIMMING POOL AND TENNIS COURTS
DINING ROOM AND GRILL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Monson Intermediate Rep, Tennis C | Trustee | 1 | $0 |
Lee Pearce Golf Committee Co-Chair | Trustee | 1 | $0 |
Bill White Board Member | Trustee | 1 | $0 |
Jerome Luke Membership Committee Chair | Trustee | 1 | $0 |
Bruce Long Golf Committee Co-Chair | Trustee | 1 | $0 |
Mike Whitt Board Member | Trustee | 1 | $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 | $5,048,356 |
| Investment income | $59,016 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,266 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $967,933 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,143,331 |
| 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 | $2,496,242 |
| Pension plan accruals and contributions | $45,463 |
| Other employee benefits | $281,381 |
| Payroll taxes | $226,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $292 |
| Fees for services: Accounting | $25,418 |
| 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 | $80,538 |
| Information technology | $49,834 |
| Royalties | $0 |
| Occupancy | $438,912 |
| Travel | $9,050 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $125,198 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $541,558 |
| Insurance | $35,535 |
| All other expenses | $476,483 |
| Total functional expenses | $5,821,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,209 |
| Savings and temporary cash investments | $3,002,906 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $794,104 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $324,380 |
| Prepaid expenses and deferred charges | $46,604 |
| Net Land, buildings, and equipment | $3,988,161 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,173 |
| Total assets | $8,308,537 |
| Accounts payable and accrued expenses | $376,829 |
| Grants payable | $0 |
| Deferred revenue | $28,831 |
| 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 | $3,315,386 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,046 |
| Total liabilities | $3,758,092 |
| Net assets without donor restrictions | $4,550,445 |
| 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 | $8,308,537 |