Austin Golf Club
- Assets
- $11.3m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 55
- Location
- Spicewood, TX
- Founding
- 06/1999
- Data as of
- 12/2023
- EIN
- 74-2860378
Organization Overview
Austin Golf Club is located in Spicewood, TX. The organization was established in 1999. 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 12/2023, Austin Golf Club employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Austin Golf Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Austin Golf Club generated $4.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $4.3m during the year ending 12/2023. While expenses have increased by 2.2% per year over the past 9 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
THE AUSTIN GOLF CLUB EXISTS AS A PRIVATE NON-COMMERCIAL VENTURE DEDICATED FOR THE USE OF ITS MEMBERS AND THEIR GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE CONTINUES TO SERVE ITS MEMBERS AND STRIVES TO ENHANCE MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zachary Harrington Golf Course Superintendent | Officer | 40 | $187,069 |
Matt Klein General Manager | Officer | 40 | $183,614 |
William Cromwell III President | OfficerTrustee | 10 | $0 |
Kevin Irons Secretary | OfficerTrustee | 0 | $0 |
Ben D Crenshaw Director | Trustee | 0 | $0 |
Lance Hughes 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 | $810,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $810,000 |
| Total Program Service Revenue | $3,847,499 |
| Investment income | $27,165 |
| 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 | $215,095 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,899,759 |
| 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. | $370,683 |
| Compensation of current officers, directors, key employees. | $183,614 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,837,377 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $279,809 |
| Payroll taxes | $165,194 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,105 |
| Fees for services: Accounting | $81,315 |
| 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 | $14,821 |
| Information technology | $20,278 |
| Royalties | $0 |
| Occupancy | $61,507 |
| Travel | $8,209 |
| 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 | $407,602 |
| Insurance | $97,912 |
| All other expenses | $305,354 |
| Total functional expenses | $4,310,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $473,276 |
| Savings and temporary cash investments | $644,590 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $913,884 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $188,823 |
| Prepaid expenses and deferred charges | $74,125 |
| Net Land, buildings, and equipment | $9,035,636 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,632 |
| Total assets | $11,338,966 |
| Accounts payable and accrued expenses | $38,965 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $901,243 |
| Total liabilities | $940,208 |
| Net assets without donor restrictions | $0 |
| 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 | $10,398,758 |
| Total liabilities and net assets/fund balances | $11,338,966 |