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Annandale INC

Not tax-deductible

Madison, MS501(c)(7)EIN 64-0624143Revenue $4.2M in FY2024

On file with the IRStheannandalegolfclub.com100 Annandale Golf Club Dr, 39110-8024 · Madison, MSTax-exempt since May 1979

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Annandale golf club is a golf club with limited membership. Annandale aspires to provide a unique golfing experience for its membership and their invited guests on a daily basis. Members enjoy the opportunity to play a well manicured, championship golf course, unimpeded by overcrowding, slow play, and limited rules. A philosophy that has weathered the test of time since the clubs opening in 1981 and the single ingredient that sets IT apart from other clubs in the jackson-metropolitan area.

Mission: Form 990 Part I, line 1

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $91K a year · 2% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.4M
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.2M
+9% vs prior year
Spent
$4.4M
Net assets
$4.0M
By yearFY2020–FY2024
Revenue
$4.2M
FY2024▲ +9%
Revenue by fiscal year
FY2020$3.4M
FY2021$3.5M
FY2022$3.3M
FY2023$3.9M
FY2024$4.2M
Expenses
$4.4M
FY2024▲ +5%
Expenses by fiscal year
FY2020$2.9M
FY2021$3.6M
FY2022$3.6M
FY2023$4.1M
FY2024$4.4M
Net assets
$4.0M
FY2024▼ -0.5%
Net assets by fiscal year
FY2020$4.4M
FY2021$4.3M
FY2022$4.2M
FY2023$4.0M
FY2024$4.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1979.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Barry Hassell
President
$0Pt VII · Sec A
Jim Richards
Vice President
$0Pt VII · Sec A
Will Robbins
Secretary
$0Pt VII · Sec A
Paul Loyacono
Treasurer
$0Pt VII · Sec A
Max Bowman
Associate Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Annandale INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides a unique, uncrowded golf experience on a championship course.

Provided by the organization

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1 program · in their own filed words · FY2024
01

Program services include all activities related to the operation of annandale golf club such as maintenance of the golf course, club house, meals and other items furnished to members on the premises

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4.2M
Ln 12
Fees for servicesLn 2g$4.1M
Other incomeLn 4–11$131K
Investment incomeLn 3$1K
Money outPt IX
$4.4M
Ln 25
Owns and owesPt X
$4.0M
net assets · Ln 32
Cash and savingsLn 1–2$197K
Total assetsLn 16$6.4M
LiabilitiesLn 26$2.4M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.1M
Investment incomeLn 3$1K
Other incomeLn 4–11$131K
Total revenueLn 12$4.2M
Assets in detailPt X, end of year
CashLn 1$97K
SavingsLn 2$100K
Cash and savings togetherLn 1–2$197K
Land, buildings, equipmentLn 10c$5.6M
Total assetsLn 16$6.4M
LiabilitiesLn 26$2.4M
Net assetsLn 32$4.0M
OperationsPt I, VI
EmployeesI 580
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$251K$197K
Land, buildings, equipmentLn 10c$5.6M$5.6M
Total assetsLn 16$6.5M$6.4M
LiabilitiesLn 26$2.5M$2.4M
Net assetsLn 32$4.0M$4.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.7M
Pension plan contributionsLn 8$50K
Other employee benefitsLn 9$106K
Payroll taxesLn 10$133K
Legal feesLn 11b$4K
Accounting feesLn 11c$6K
Other fees for servicesLn 11g$4K
Office expensesLn 13$44K
Conferences, conventions and meetingsLn 19$2K
InterestLn 20$93K
Depreciation, depletion and amortizationLn 22$244K
InsuranceLn 23$101K
Other expenses (24a–d)Ln 24$1.5M
All other expensesLn 24e$381K
Total functional expensesLn 25$4.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $4.2M$4.4M−$138K$4.0M 990 PDF
FY2023 $3.9M$4.1M−$276K$4.0M 990 PDF
FY2022 $3.3M$3.6M−$293K$4.2M 990 PDF
FY2021 $3.5M$3.6M−$182K$4.3M 990 PDF
FY2020 $3.4M$2.9M$433K$4.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $4,229,135 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $3,758,553$4,096,388
I-10 Investment incomePrior year $181$1,428
I-11 Other revenuePrior year $109,024$131,319
I-12 Total revenuePrior year $3,867,758$4,229,135
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,991,465$1,991,395
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,152,387$2,376,186
I-18 Total expensesPrior year $4,143,852$4,367,581
I-19 Revenue less expensesPrior year −$276,094−$138,446
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $4,229,135 across 4 lines filed
Lines not itemized here account for $65,853 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,980,830$3,980,830
VIII-3 Investment incomeExcluded from tax $1,428$1,428
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $181,024$181,024
VIII-12 Total revenueRelated to mission $4,227,707 · Unrelated business $0 · Excluded from tax $1,428$4,229,135
Part IX · Statement of functional expenses $4,367,581 across 14 lines filed
IX-7 Other salaries and wages$1,702,684
IX-8 Pension plan contributions$49,531
IX-9 Other employee benefits$106,116
IX-10 Payroll taxes$133,064
IX-11b Legal fees$3,500
IX-11c Accounting fees$6,000
IX-11g Other fees for services$4,027
IX-13 Office expenses$44,134
IX-19 Conferences, conventions and meetings$1,583
IX-20 Interest$93,013
IX-22 Depreciation, depletion and amortization$244,360
IX-23 Insurance$100,652
IX-24 Other expenses (24a–d)$1,498,229
IX-24e All other expenses$380,688
IX-25 Total functional expenses$4,367,581
Part X · Balance sheet $6,402,278 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $242,339$97,370
X-2 Savings and temporary cash investmentsStart of year $8,242$100,083
X-4 Accounts receivableStart of year $440,158$502,682
X-8 Inventories for sale or useStart of year $124,268$119,445
X-9 Prepaid expenses and deferred chargesStart of year $129,683$29,163
X-10c Land, buildings and equipment, netStart of year $5,586,840$5,553,535
X-16 Total assetsStart of year $6,531,530$6,402,278
X-17 Accounts payable and accrued expensesStart of year $133,045$101,874
X-19 Deferred revenueStart of year $317,114$330,527
X-25 Other liabilitiesStart of year $256,080$228,843
X-26 Total liabilitiesStart of year $2,510,262$2,401,956
X-32 Total net assets or fund balancesStart of year $4,021,268$4,000,322
X-33 Total liabilities and net assetsStart of year $6,531,530$6,402,278
Part XI · Reconciliation of net assets $4,000,322 net assets at year end
XI-1 Total revenue$4,229,135
XI-2 Total expenses$4,367,581
XI-3 Revenue less expenses−$138,446
XI-4 Net assets at start of year$4,021,268
XI-9 Other changes in net assets$117,500
XI-10 Net assets at end of year$4,000,322

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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