SILS501(c)(7) · MEDIUMNAICS 713910EIN 74-1398063
Silsbee Country Club Inc
Silsbee, TX · founded 1956
7 filings on recordFY 2011–2018medium confidence
Compare to peers →FY18 Total Revenue
$191k
▲ 15.3% YoY
FY18 Total Expenses
$234k
▲ 14.0% YoY
Operating Margin
-22.8%
revenue minus expenses ÷ revenue
Employees
0
headcount as reported on filing
The Five-Year Picture
FY2013 — FY2018 · as filed
Revenue
$191K
▼ 30.7% / 5y
Expenses
$234K
▲ 7.7% / 5y
Total Assets
$290K
▲ 1.2% / 5y
Total Liabilities
$0
▼ 100.0% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY13 | FY14 | FY15 | FY17 | FY18 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $275K | $240K | $181K | $165K | $191K | -30.7% |
| Expenses | $218K | $263K | $191K | $206K | $234K | +7.7% |
| Net surplus | $58K | -$23K | -$10K | -$40K | -$44K | -175.5% |
| Total assets | $287K | $271K | $249K | $386K | $290K | +1.2% |
| Total liabilities | $16K | $33K | $44K | $12K | $0 | -100.0% |
| Net assets | $270K | $238K | $205K | $373K | $290K | +7.3% |
Officer & staff compensation
FY18 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 6 unpaid officers/directors as reported (BILLY FREGIA, DAVID GALLASPY, JOEL WATSON, +3 more)
All 6 listed officers reported $0 compensation — volunteer board.
Top contractors
FY18 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY18 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| GREEN FEES | $31,359 |
| CARTSTALLROOM RENTAL | $28,232 |
| TOURNAMENT INCOME | $3,650 |
| HIGH SCHOOL GOLF FEES | $1,400 |
Balance sheet & capital
FY18 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$288K
book value, net of depreciation
Facility age
68%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY18 · Form 990, Part IX
| Insurance | $10,800 |
| Occupancy | $36,640 |
| Depreciation & depletion | $41,429 |
| Office expenses | $897 |
| Accounting fees | $343 |
| Other professional fees | $1,612 |
SFounded in 1956, Silsbee Country Club Inc reported $191k of revenue for FY18, at an operating margin of -22.8%. Revenue moved up 15.3% against the prior posted return. Every figure on this page is drawn from the club’s Form 990 as filed; a dash marks a value the filing did not report.
Source documents
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