Albuquerque Country Club
- Assets
- $7.8m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 168
- Location
- Albuquerque, NM
- Founding
- 10/1957
- Data as of
- 11/2023
- EIN
- 85-0018960
Organization Overview
Albuquerque Country Club is located in Albuquerque, NM. 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 11/2023, Albuquerque Country Club employed 168 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albuquerque 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 11/2023, Albuquerque Country Club generated $7.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $6.7m during the year ending 11/2023. While expenses have increased by 1.5% 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
TO PROVIDE AND PROMOTE SOCIAL INTERACTION AND RECREATION FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTAURANT & BANQUETS - SALES OF FOOD AND BEVERAGES TO THE 600+ CLUB MEMBERS AND GUESTS.
FACILITY USAGE - PROVIDING GOLF, TENNIS, AND SWIMMING POOL AMENITIES TO THE CLUB MEMBERS AND GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cody Hanna Director | Trustee | 1 | $0 |
Nathan Armstrong Director | Trustee | 1 | $0 |
Leo Twiggs Director | Trustee | 1 | $0 |
Tim Beck Director | OfficerTrustee | 5 | $0 |
Joe Sierra Director | Trustee | 1 | $0 |
Jennifer Beck Secretary | OfficerTrustee | 5 | $0 |
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 | $6,283,063 |
| Investment income | $19,612 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,157 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $117,993 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,212,798 |
| 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. | $183,088 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,300,595 |
| Pension plan accruals and contributions | $21,717 |
| Other employee benefits | $132,858 |
| Payroll taxes | $248,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,108 |
| Fees for services: Accounting | $85,391 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,579 |
| Fees for services: Other | $162,303 |
| Advertising and promotion | $17,595 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $208,078 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $790,456 |
| Insurance | $136,520 |
| All other expenses | $1,136,608 |
| Total functional expenses | $6,725,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,487,299 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $252,113 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $194,581 |
| Prepaid expenses and deferred charges | $66,069 |
| Net Land, buildings, and equipment | $5,189,491 |
| Investments—publicly traded securities | $425,261 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $169,756 |
| Total assets | $7,784,570 |
| Accounts payable and accrued expenses | $676,594 |
| Grants payable | $0 |
| Deferred revenue | $167,743 |
| 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 | $3,525,898 |
| Other liabilities | $0 |
| Total liabilities | $4,370,235 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $35,700 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,378,635 |
| Total liabilities and net assets/fund balances | $7,784,570 |