Rolling Hills Corporation
- Assets
- $2.4m
- Revenue
- $16.3m
- Investments
- $0.0
- Employees
- 90
- Location
- Arlington, TX
- Founding
- 07/1957
- Data as of
- 08/2022
- EIN
- 75-0932824
Organization Overview
Rolling Hills Corporation is located in Arlington, TX. The organization was established in 1957. 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 08/2022, Rolling Hills Corporation employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rolling Hills Corporation is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2022, Rolling Hills Corporation generated $16.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $6.1m during the year ending 08/2022. While expenses have increased by 11.7% 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 FOSTER AN INTEREST IN AMATUER GOLF
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF - TO PROMOTE COMPETITION WITHIN THE CLUB; THERE WAS 299 MEMBERS SERVED.
LOUNGE/SNACK BAR - TO PROVIDE FOOD & BEVERAGES TO THE MEMBERS WHILE PROMOTING GOLF AND SOCIAL ACTIVITIES TO 190 TOTAL STOCK, NON-STOCK, AND OTHER MEMBERS.
SOCIAL ACTIVITIES - POOL, TENNIS, AND SOCIAL FUNCTIONS TO INCREASE MEMBER PARTICIPATION IN ALL ACTIVITIES, INCLUDING GOLF ACTIVITIES TO 190 TOTAL STOCK, NON-STOCK, AND OTHER MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Trussell 1st Vice Pre | Officer | 5 | $0 |
Jim Wells President | Officer | 5 | $0 |
Shawn Guinn 2nd Vice Pre | Officer | 5 | $0 |
Chuck Mccoy Treasurer | Officer | 5 | $0 |
Brenda Covert Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $959,248 |
| 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 | $959,248 |
| Total Program Service Revenue | $1,033,226 |
| Investment income | $296 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $222,615 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,011,104 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,844 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,258,465 |
| 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 | $1,189,934 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $78,599 |
| Payroll taxes | $112,972 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $71,052 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,031 |
| Advertising and promotion | $10,670 |
| Office expenses | $3,457 |
| Information technology | $11,053 |
| Royalties | $0 |
| Occupancy | $233,444 |
| Travel | $1,521 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $214,938 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $291,988 |
| Insurance | $93,056 |
| All other expenses | $3,256,677 |
| Total functional expenses | $6,060,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,392,120 |
| Savings and temporary cash investments | $1,437 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,814 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,395,371 |
| Accounts payable and accrued expenses | $67,231 |
| 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 | $0 |
| Total liabilities | $67,231 |
| Net assets without donor restrictions | $2,328,140 |
| 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 | $2,395,371 |
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