Greenwood Country Club
- Assets
- $4.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Greenwood, MS
- Founding
- 08/1938
- Data as of
- 01/2022
- EIN
- 64-0165530
Organization Overview
Greenwood Country Club is located in Greenwood, MS. The organization was established in 1938. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenwood 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 01/2022, Greenwood Country Club generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.1m during the year ending 01/2022. While expenses have increased by 1.0% 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
TO PROVIDE RECREATIONAL ACTIVITIES FOR MEMBERS AND THEIR FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF GOLF, TENNIS, AND RAQUETBALL FACILITIES FOR APPROXIMATELY 272 MEMBERS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pierce Brown President | Officer | 0 | $0 |
Mark Singleton Vice-President | Officer | 0 | $0 |
Zach Luke Secretary | Officer | 0 | $0 |
Clif Barnes Director | Trustee | 0 | $0 |
Rob Leard Director | Trustee | 0 | $0 |
Taylor Calhoun Director | Trustee | 0 | $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 | $1,202,404 |
| Investment income | $0 |
| 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 | $3,383 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,205,787 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $196,047 |
| Total functional expenses | $1,076,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,724 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,042 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $45,018 |
| Prepaid expenses and deferred charges | $43,434 |
| Net Land, buildings, and equipment | $4,259,425 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,567,643 |
| Accounts payable and accrued expenses | $58,089 |
| 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 | $515,182 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $573,271 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,060,233 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,934,139 |
| Total liabilities and net assets/fund balances | $4,567,643 |
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|---|---|---|
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Belle Meade Country Club Nashville, TN | $42,979,255 | $14,973,436 |
Vestavia Country Club Birmingham, AL | $26,675,267 | $16,124,633 |
Country Club Of Louisiana 401k Baton Rouge, LA | $19,927,574 | $11,552,011 |
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Mountain Brook Club Birmingham, AL | $31,264,948 | $11,574,581 |
Arkansas State University Red Wolves Foundation Inc State University, AR | $49,039,332 | $6,488,806 |
Metairie Country Club Metairie, LA | $30,963,681 | $9,943,546 |
Shoal Creek Shoal Creek, AL | $12,950,565 | $9,210,708 |
Cherokee Country Club Knoxville, TN | $33,935,565 | $11,523,295 |
Chattanooga Golf And Country Club Chattanooga, TN | $23,843,931 | $15,215,377 |
New Orleans Country Club New Orleans, LA | $47,920,866 | $11,586,038 |