Brae Burn Country Club
- Assets
- $18.9m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 133
- Location
- Houston, TX
- Founding
- 04/1933
- Data as of
- 12/2021
- EIN
- 74-0523330
Organization Overview
Brae Burn Country Club is located in Houston, TX. The organization was established in 1933. 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 12/2021, Brae Burn Country Club employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brae Burn 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 12/2021, Brae Burn Country Club generated $6.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $7.9m during the year ending 12/2021. 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 GOLF AND COUNTRY CLUB SERVICES FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMPANY OPERATES A COUNTRY CLUB FOR THE BENEFIT OF MEMBERS, PROVIDING FACILITIES SUCH AS GOLFING, TENNIS, SWIMMING AND OTHER RECREATIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Mcdonald Director Of Golf | 50 | $293,243 | |
Daniel Olson General Manager | Officer | 60 | $273,433 |
Terry Gill Golf Course Superintendent | 50 | $203,782 | |
Lisa Carruth Membership Director | 40 | $181,218 | |
Aaron Engelhard Golf Course Superintendent | 50 | $129,431 | |
Paul Davidson President | OfficerTrustee | 20 | $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 | $8,386,683 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,332,665 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $807,446 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,861,464 |
| 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. | $302,047 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,562,027 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $486,135 |
| Payroll taxes | $270,759 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,025 |
| Fees for services: Accounting | $48,289 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $226,756 |
| Advertising and promotion | $4,987 |
| Office expenses | $200,748 |
| Information technology | $52,013 |
| Royalties | $0 |
| Occupancy | $446,767 |
| Travel | $1,445 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,027 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $654,064 |
| Insurance | $216,269 |
| All other expenses | $373,712 |
| Total functional expenses | $7,932,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,280,257 |
| Savings and temporary cash investments | $1,868,136 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,117,409 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $189,152 |
| Prepaid expenses and deferred charges | $47,573 |
| Net Land, buildings, and equipment | $14,355,427 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,150 |
| Total assets | $18,876,104 |
| Accounts payable and accrued expenses | $973,131 |
| Grants payable | $0 |
| Deferred revenue | $561,619 |
| 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 | $6,575,883 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,110,633 |
| Net assets without donor restrictions | $10,765,471 |
| 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 | $18,876,104 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shady Oaks Country Club Inc Fort Worth, TX | $32,968,656 | $15,253,565 |
Midland Country Club Midland, TX | $28,175,865 | $15,973,291 |
Green Tree Country Club Midland, TX | $24,557,107 | $12,993,458 |
Dngc Member Club Inc Dallas, TX | $29,289,418 | $12,348,181 |
Unity One Credit Union Fort Worth, TX | $307,107,463 | $12,194,283 |
Baton Rouge Country Club Inc Baton Rouge, LA | $28,846,628 | $10,362,184 |
Brae Burn Country Club Houston, TX | $18,876,104 | $6,861,464 |
Mira Vista Country Club Fort Worth, TX | $16,102,268 | $9,038,386 |
Dallas Petroleum Club Dallas, TX | $6,437,336 | $6,134,462 |
Krewe Of Bacchus Inc New Orleans, LA | $5,050,746 | $6,016,204 |
Westwood Country Club Inc Houston, TX | $8,686,172 | $4,577,698 |
American Mensa Ltd Hurst, TX | $11,710,635 | $4,744,166 |