Odessa Country Club Inc
- Assets
- $27.6m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 274
- Location
- Odessa, TX
- Founding
- 03/1988
- Data as of
- 12/2022
- EIN
- 75-0469883
Organization Overview
Odessa Country Club Inc is located in Odessa, TX. The organization was established in 1988. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Odessa Country Club Inc employed 274 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Odessa Country Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Odessa Country Club Inc generated $13.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $11.9m during the year ending 12/2022. While expenses have increased by 2.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AND MAINTAIN A CLUB, CLUBHOUSE, GROUNDS AND RECREATIONAL FACILITIES FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Micah Foster President | OfficerTrustee | 2 | $0 |
Dan Hollmann Vice President | OfficerTrustee | 2 | $0 |
Brett Lossin Secretary/treasurer | OfficerTrustee | 2 | $0 |
David Duree Past President | Trustee | 2 | $0 |
Chris Garrett Director | Trustee | 2 | $0 |
Mark Windham Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pump Mechanical Technical Services Llc Irrigation | 12/30/22 | $136,710 |
Kelly Evans Construction Construction | 12/30/22 | $162,411 |
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 | $9,058 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,058 |
| Total Program Service Revenue | $7,994,666 |
| Investment income | $7,369 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $23,789 |
| 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 | $5,063,653 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,098,535 |
| 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. | $503,756 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,195,208 |
| Pension plan accruals and contributions | $21,753 |
| Other employee benefits | $788,165 |
| Payroll taxes | $413,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,691 |
| Advertising and promotion | $42,104 |
| Office expenses | $838,102 |
| Information technology | $71,686 |
| Royalties | $0 |
| Occupancy | $887,238 |
| Travel | $514 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $135,978 |
| Interest | $350,653 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,288,928 |
| Insurance | $203,033 |
| All other expenses | $6,817 |
| Total functional expenses | $11,877,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,076,882 |
| Savings and temporary cash investments | $880,129 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,319,219 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $132,451 |
| Prepaid expenses and deferred charges | $116,068 |
| Net Land, buildings, and equipment | $23,058,375 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,583,124 |
| Accounts payable and accrued expenses | $772,137 |
| Grants payable | $0 |
| Deferred revenue | $1,171,663 |
| 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 | $7,327,580 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $76,875 |
| Total liabilities | $9,348,255 |
| Net assets without donor restrictions | $18,225,201 |
| Net assets with donor restrictions | $9,668 |
| 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 | $27,583,124 |