Green Tree Country Club
- Assets
- $29.0m
- Revenue
- $14.1m
- Investments
- $0.0
- Employees
- 340
- Location
- Midland, TX
- Founding
- 03/1980
- Data as of
- 02/2023
- EIN
- 75-1618609
Organization Overview
Green Tree Country Club is located in Midland, TX. The organization was established in 1980. 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 02/2023, Green Tree Country Club employed 340 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Green Tree 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 02/2023, Green Tree Country Club generated $14.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $13.4m during the year ending 02/2023. While expenses have increased by 9.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SOCIAL AMENITIES BY OFFERING/MAINTAINING A CLUB, CLUBHOUSE, GROUNDS & REC. FACILITIES.
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 |
|---|---|---|---|
San Smith President | OfficerTrustee | 10 | $0 |
Mike Elphick Treasurer | OfficerTrustee | 10 | $0 |
Suzie Boyd Board Member | Trustee | 10 | $0 |
Jeremy Bishop Board Member | Trustee | 10 | $0 |
Aaron Erdwurm Board Member | Trustee | 10 | $0 |
Al Escamilla Board Member | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tripp Davis & Associates Professional Services | 2/27/23 | $339,722 |
Course Crafters Llc Updated 9 Hole Golf Course For The Club | 2/27/23 | $3,042,139 |
Reaqua Llc Ro System Contractor | 2/27/23 | $223,155 |
Extreme Exterior Garden Center Llc Update To The Clubhouse | 2/27/23 | $222,316 |
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 | $9,693,187 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,170 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,391,257 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,123,614 |
| 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. | $316,296 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,058,165 |
| Pension plan accruals and contributions | $100,395 |
| Other employee benefits | $845,405 |
| Payroll taxes | $606,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,476 |
| Fees for services: Accounting | $23,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $245,447 |
| Advertising and promotion | $0 |
| Office expenses | $238,519 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $503,508 |
| Travel | $20,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $216,540 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,952,365 |
| Insurance | $109,227 |
| All other expenses | $0 |
| Total functional expenses | $13,406,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,451,880 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,492,324 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $393,797 |
| Prepaid expenses and deferred charges | $206,699 |
| Net Land, buildings, and equipment | $25,408,703 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,953,403 |
| Accounts payable and accrued expenses | $1,057,000 |
| Grants payable | $0 |
| Deferred revenue | $875,376 |
| 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 | $9,236,242 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,168,618 |
| Net assets without donor restrictions | $17,784,785 |
| 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 | $28,953,403 |