Hot Springs Country Club Inc
- Assets
- $2.7m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 120
- Location
- Hot Springs, AR
- Founding
- Data as of
- 12/2021
- EIN
- 83-3064225
Organization Overview
Hot Springs Country Club Inc is located in Hot Springs, AR. 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 12/2021, Hot Springs Country Club Inc employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hot Springs 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 12/2021, Hot Springs Country Club Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 9.5% per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE HOT SPRINGS COUNTRY CLUB WAS ESTABLISHED IN 1898 AS A SEMI-PRIVATE CLUB OFFERING MEMBERSHIP PRIVILEGES TO THE LOCAL RESIDENTS, AS WELL AS PROVIDING GOLFING OPPORTUNITIES FOR THE OUT-OF-TOWN VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES RESTAURANT, GOLF, TENNIS, FITNESS AND AQUATIC FACILITIES FOR ITS MEMBERS AND GUESTS.
THE CLUB PROVIDES RESTAURANT, GRILL AND BANQUET FACILITIES TO MEMBERS AND NONMEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Howard General Mana | Officer | 60 | $116,000 |
Loel Garner President | OfficerTrustee | 5 | $0 |
Brian Mcrae Vice Preside | OfficerTrustee | 2 | $0 |
Missie Peyton Secretary/tr | OfficerTrustee | 2 | $0 |
Clint Crabtree Director | Trustee | 1 | $0 |
David Turrentine Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blb Golf Pass Thru | 12/30/21 | $321,292 |
Ben E Keith Food Inventory | 12/30/21 | $187,267 |
Bwi Chemicals | 12/30/21 | $196,441 |
Hs Golf & Country Club Inc Lease Land | 12/30/21 | $189,633 |
United Health Care Health Insuranc | 12/30/21 | $140,837 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $345,083 |
| 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 | $345,083 |
| Total Program Service Revenue | $3,555,414 |
| Investment income | $916 |
| 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 | $63,498 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,999,960 |
| 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. | $116,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,168,118 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $154,471 |
| Payroll taxes | $137,517 |
| Fees for services: Management | $27,151 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,087,661 |
| Advertising and promotion | $6,863 |
| Office expenses | $7,914 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $329,065 |
| Travel | $1,130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,907 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,663 |
| Insurance | $55,532 |
| All other expenses | $118,689 |
| Total functional expenses | $3,373,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,158,968 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $404,208 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $126,376 |
| Prepaid expenses and deferred charges | $16,458 |
| Net Land, buildings, and equipment | $877,804 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $77,432 |
| Total assets | $2,661,246 |
| Accounts payable and accrued expenses | $320,110 |
| Grants payable | $0 |
| Deferred revenue | $491,220 |
| 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 | $363,984 |
| Total liabilities | $1,175,314 |
| Net assets without donor restrictions | $1,485,932 |
| 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 | $2,661,246 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shady Oaks Country Club Inc Fort Worth, TX | $32,968,656 | $15,253,565 |
Pi Beta Phi Fraternity Housing Corporation Town Country, MO | $77,087,429 | $19,221,332 |
Midland Country Club Midland, TX | $28,175,865 | $15,973,291 |
Green Tree Country Club Midland, TX | $24,557,107 | $12,993,458 |
Dngc Member Club Inc Dallas, TX | $29,289,418 | $12,348,181 |
Unity One Credit Union Fort Worth, TX | $307,107,463 | $12,194,283 |
Baton Rouge Country Club Inc Baton Rouge, LA | $28,846,628 | $10,362,184 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
Brae Burn Country Club Houston, TX | $18,876,104 | $6,861,464 |
Mira Vista Country Club Fort Worth, TX | $16,102,268 | $9,038,386 |
Dallas Petroleum Club Dallas, TX | $6,437,336 | $6,134,462 |
Westborough Country Club St Louis, MO | $12,574,803 | $8,255,604 |