Goldthwaite Municipal Golf Course Corporation
- Assets
- $49.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Goldthwaite, TX
- Founding
- 09/1997
- Data as of
- 06/2024
- EIN
- 75-2679688
Organization Overview
Goldthwaite Municipal Golf Course Corporation is located in Goldthwaite, TX. The organization was established in 1997. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goldthwaite Municipal Golf Course Corporation is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2024, Goldthwaite Municipal Golf Course Corporation generated $65.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $56.6k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN AND IMPROVE A QUALITY RECREATIONAL FACILITY FOR MEMBER INHABITANTS OF MILLS AND THE SURROUNDING COUNTIES.
Describe the Organization's Program Activity:
Part 3
MAINTAINED AND IMPROVED FACILITIES FOR THE USE OF THE MEMBERS SOLELY THROUGH REVENUES GENERATED IN OPERATIONS AND MEMBER DUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Crumley President | 0 | $0 | |
Dean Thorpe Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $714 |
| Total Program Service Revenue | $38,790 |
| Membership dues | $25,823 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $65,327 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $56,610 |
| Total expenses | $56,610 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,846 |
| Other assets | $0 |
| Total assets | $49,555 |
| Total liabilities | $37 |
| Net assets or fund balances | $49,518 |