Civic Intelligence

Bellefonte Country Club

EIN 61-0131100 • 501(c)7 • Ashland, KY

Profile

Private social and recreational club

PO Box 1875Ashland, KY 41105-1875

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

58th percentile

0.23x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

47th percentile

0.20x

Higher debt load relative to revenue than 47% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2025

Net Margin

35th percentile

0.9%

Higher net margin than 35% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

93rd percentile

$124,913

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

501(c)7 • $1M-$5M nonprofits • Source year 2025

Asset Growth

29th percentile

-1.7%

Faster asset growth than 29% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

39th percentile

2.5%

Faster revenue growth than 39% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$2,876,426

Down $48,479 (-1.7%) from 2024

Liabilities

Up

$647,721

Up $9,484 (+1.5%) from 2024

Net Assets

Down

$2,228,705

Down $57,963 (-2.5%) from 2024

Revenue

Up

$3,292,244

Up $80,713 (+2.5%) from 2024

Expenses

Up

$3,262,551

Up $61,006 (+1.9%) from 2024

Net Income

Up

$29,693

Up $19,707 (+197%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $2,668,565Liabilities 2011: $758,585Net Assets 2011: $1,909,9802011Assets 2012: $2,566,678Liabilities 2012: $604,992Net Assets 2012: $1,961,6862012Assets 2013: $2,221,085Liabilities 2013: $507,003Net Assets 2013: $1,714,0822013Assets 2014: $2,376,770Liabilities 2014: $588,748Net Assets 2014: $1,788,0222014Assets 2015: $2,291,833Liabilities 2015: $535,167Net Assets 2015: $1,756,6662015Assets 2016: $2,211,354Liabilities 2016: $454,273Net Assets 2016: $1,757,0812016Assets 2017: $2,543,905Liabilities 2017: $903,974Net Assets 2017: $1,639,9312017Assets 2018: $2,365,727Liabilities 2018: $780,090Net Assets 2018: $1,585,6372018Assets 2019: $2,401,496Liabilities 2019: $756,431Net Assets 2019: $1,645,0652019Assets 2020: $2,510,349Liabilities 2020: $799,923Net Assets 2020: $1,710,4262020Assets 2021: $2,804,874Liabilities 2021: $882,697Net Assets 2021: $1,922,1772021Assets 2022: $2,728,134Liabilities 2022: $528,374Net Assets 2022: $2,199,7602022Assets 2023: $2,989,217Liabilities 2023: $723,345Net Assets 2023: $2,265,8722023Assets 2024: $2,924,905Liabilities 2024: $638,237Net Assets 2024: $2,286,6682024Assets 2025: $2,876,426Liabilities 2025: $647,721Net Assets 2025: $2,228,7052025

Highlighted filing

2025

Assets$2,876,426
Liabilities$647,721
Net Assets$2,228,705

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $3,217,229Expenses 2011: $3,216,702Net Income 2011: $5272011Revenue 2012: $3,701,205Expenses 2012: $3,658,299Net Income 2012: $42,9062012Revenue 2013: $3,097,329Expenses 2013: $3,351,803Net Income 2013: -$254,4742013Revenue 2014: $3,258,988Expenses 2014: $3,200,948Net Income 2014: $58,0402014Revenue 2015: $2,894,682Expenses 2015: $2,929,628Net Income 2015: -$34,9462015Revenue 2016: $2,685,444Expenses 2016: $2,690,939Net Income 2016: -$5,4952016Revenue 2017: $2,531,984Expenses 2017: $2,652,373Net Income 2017: -$120,3892017Revenue 2018: $2,503,673Expenses 2018: $2,562,703Net Income 2018: -$59,0302018Revenue 2019: $2,469,634Expenses 2019: $2,414,396Net Income 2019: $55,2382019Revenue 2020: $2,509,795Expenses 2020: $2,446,865Net Income 2020: $62,9302020Revenue 2021: $2,356,280Expenses 2021: $2,145,899Net Income 2021: $210,3812021Revenue 2022: $3,012,822Expenses 2022: $2,742,059Net Income 2022: $270,7632022Revenue 2023: $3,122,990Expenses 2023: $3,064,268Net Income 2023: $58,7222023Revenue 2024: $3,211,531Expenses 2024: $3,201,545Net Income 2024: $9,9862024Revenue 2025: $3,292,244Expenses 2025: $3,262,551Net Income 2025: $29,6932025

Highlighted filing

2025

Revenue$3,292,244
Expenses$3,262,551
Net Income$29,693

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.88$0.65$2.23$3.29$3.26$0.03
2024Detailed filing. Detailed filing data is available for this year.$2.92$0.64$2.29$3.21$3.20$0.01
2023Detailed filing. Detailed filing data is available for this year.$2.99$0.72$2.27$3.12$3.06$0.06
2022Detailed filing. Detailed filing data is available for this year.$2.73$0.53$2.20$3.01$2.74$0.27
2021Detailed filing. Detailed filing data is available for this year.$2.80$0.88$1.92$2.36$2.15$0.21
2020Detailed filing. Detailed filing data is available for this year.$2.51$0.80$1.71$2.51$2.45$0.06
2019Detailed filing. Detailed filing data is available for this year.$2.40$0.76$1.65$2.47$2.41$0.06
2018Detailed filing. Detailed filing data is available for this year.$2.37$0.78$1.59$2.50$2.56$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.54$0.90$1.64$2.53$2.65$0.12
2016Summary only. Only limited summary data is available for this year.$2.21$0.45$1.76$2.69$2.69$0.01
2015Summary only. Only limited summary data is available for this year.$2.29$0.54$1.76$2.89$2.93$0.03
2014Summary only. Only limited summary data is available for this year.$2.38$0.59$1.79$3.26$3.20$0.06
2013Summary only. Only limited summary data is available for this year.$2.22$0.51$1.71$3.10$3.35$0.25
2012Summary only. Only limited summary data is available for this year.$2.57$0.60$1.96$3.70$3.66$0.04
2011Summary only. Only limited summary data is available for this year.$2.67$0.76$1.91$3.22$3.22$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Mar 1, 2024 to Feb 28, 2025
Signed
Dec 17, 2025
Return Version
2024v5.0
Gross Receipts
$3,292,244
Mission and Program Overview

Mission

Private social and recreational club

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,080,482$1,950,627▼ $129,855
Cash and Non-Interest-Bearing Accounts$221,811$432,684▲ $210,873
Intangible Assets$299,558$263,966▼ $35,592
Accounts Receivable$108,052$105,216▼ $2,836
Inventories for Sale or Use$98,221$97,039▼ $1,182
Prepaid Expenses and Deferred Charges$26,544$26,894▲ $350
Total Assets$2,834,668$2,876,426▲ $41,758
Liabilities
Other Liabilities$330,202$293,047▼ $37,155
Accounts Payable and Accrued Expenses$155,965$187,798▲ $31,833
Deferred Revenue$155,789$166,876▲ $11,087
Total Liabilities$641,956$647,721▲ $5,765
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,192,712$2,228,705▲ $35,993
Total Net Assets Fund Balance$2,192,712$2,228,705▲ $35,993
Total Liabilities and Net Assets / Fund Balance$2,834,668$2,876,426▲ $41,758

Asset Categories

AssetBook ValueDepreciationBasis
Land$5,741,736-$5,741,736
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeff BosticGeneral ManaFT$124,913$124,913

Board Members and Trustees

NameTitle
Leon MattinglyHouse Chair
Sean HornePresident
Bret CollinsBoard Member
Jack VanhooseBoard Member
Jeff PorterBoard Member
John Rick ClarkBoard Member
Kim SuttonBoard Member
Marc MerrittBoard Member
Rob GoldenBoard Member
Steve KanouseAcct. Financ
Leigh BillupsGolf
Laura PatrickSec./tres.
Shawn HeckVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,672,130
Program Service Revenue
$1,448,961
Investment Income
$3,793
Other Revenue
$167,360
Change in Net Assets
$29,693

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,292,244
Total Revenue per Audited Statements
$3,292,244
Total Revenue per Form 990
$3,292,244
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,654,840
Other Expenses$1,607,711
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,158,841$239,545-$1,398,386
All Other Expenses$257,925$97,949-$355,874
Depreciation Depletion$49,889$254,157-$304,046
Payroll Taxes$177,771$78,683-$256,454
Other Expenses$118,154--$118,154
Insurance$55,686--$55,686
Information Technology-$35,784-$35,784
Fees for Services Other-$23,045-$23,045
Office Expenses$228$10,239-$10,467
Interest$1,245$7,725-$8,970
Advertising$7,724--$7,724
Travel$1,103$511-$1,614
Total Functional Expenses$2,514,913$747,638$0$3,262,551

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,262,551
Expenses per Audited Statements$3,148,623
Total Expenses per Audited Statements$3,148,623
Expenses Not Reported on Financial Statements$113,928
Other Expense Adjustments$113,928
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Payable$293,047
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 18

Tax returns of country club not required to be made public

Form 990, Page 6, Part VI, Line 19

Governing documents of country club not required to be made public

Filing and Contact Details

Filer

Filer Name
Bellefonte Country Club
EIN
61-0131100
Phone
6063242107
Address
PO BOX 1875, ASHLAND, KY 41105-1875

Signing Officer

Name
Jeff Bostic
Title
General Manager
Phone
6063242107
Signed
2025-12-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Bostic
Formed
1921
Legal Domicile
Ky
Voting Board Members
12
Independent Board Members
12
Employees
105

Preparer

Firm
Kelley Galloway Smith Goolsby Psc
Address
1200 CORPORATE COURT PO BOX 990, ASHLAND, KY 41105-0990
Preparer
Geoffrey K Griffith Cpaabv Cff
Phone
6063291811
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Outside services 79,262 0 0 property tax 0 64,007 0 laundry and linen 41,909 0 0 employee meals 25,240 3,600 0 misc, 0 17,833 0 club associations 17,378 0 0 telephone 8,554 8,356 0 pomotions 14,151 0 0 equipment rental 13,071 0 0 golf pro contract 12,322 0 0 gas and oil 12,150 0 0 handicap scoring system 9,548 0 0 dues and subscriptions 4,823 2,882 0 sales tax 6,927 0 0 uniform 4,767 1,071 0 licenses and permits 5,028 0 0 entertainment 2,555 0 0 education 240 200 0 total 257,925 97,949 0

Form 990, Part XI, Line 9

Sale of member stock 6,300

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Restaurant cost of sales - net on form 990 0

Schedule D, Page 4, Part XI, Line 4B

Sales tax - net on audit report 0

Schedule D, Page 4, Part XII, Line 2D

Restaurant cost of sales - net on form 990 0

Schedule D, Page 4, Part XII, Line 4B

Sales tax - net on audit report 0 book / tax depreciation difference 113,928

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IRS990/OtherExpensesGrp/Desc1OPERATING SUPPLIES
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3R&M
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IRS990/OtherExpensesGrp/ProgramServicesAmt1208993
IRS990/OtherExpensesGrp/ProgramServicesAmt2159260
IRS990/OtherExpensesGrp/ProgramServicesAmt3118154
IRS990/OtherExpensesGrp/TotalAmt0318094
IRS990/OtherExpensesGrp/TotalAmt1208993
IRS990/OtherExpensesGrp/TotalAmt2159260
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IRS990/ProgramServiceRevenueGrp/Desc0FOOD SERVICE
IRS990/ProgramServiceRevenueGrp/Desc1BAR SERVICE
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IRS990/ProgramServiceRevenueGrp/Desc3SWIMMING POOL
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2229434
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt363666
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt417613
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IRS990/PYInvestmentIncomeAmt03518
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IRS990/PYRevenuesLessExpensesAmt09986
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IRS990/PYTotalRevenueAmt03211531
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IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleD/ExpensesSubtotalAmt03148623
IRS990ScheduleD/LandGrp/BookValueAmt05741736
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05741736
IRS990ScheduleD/OtherExpensesNotIncludedAmt0113928
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0293047
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt03292244
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RESTAURANT COST OF SALES - NET ON FORM 990 0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SALES TAX - NET ON AUDIT REPORT 0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RESTAURANT COST OF SALES - NET ON FORM 990 0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SALES TAX - NET ON AUDIT REPORT 0 BOOK / TAX DEPRECIATION DIFFERENCE 113,928
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleD/TotalExpensesPerForm990Amt03262551
IRS990ScheduleD/TotalLiabilityAmt0293047
IRS990ScheduleD/TotalRevenuePerForm990Amt03292244
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03292244
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03148623
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TAX RETURNS OF COUNTRY CLUB NOT REQUIRED TO BE MADE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS OF COUNTRY CLUB NOT REQUIRED TO BE MADE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OUTSIDE SERVICES 79,262 0 0 PROPERTY TAX 0 64,007 0 LAUNDRY AND LINEN 41,909 0 0 EMPLOYEE MEALS 25,240 3,600 0 MISC, 0 17,833 0 CLUB ASSOCIATIONS 17,378 0 0 TELEPHONE 8,554 8,356 0 POMOTIONS 14,151 0 0 EQUIPMENT RENTAL 13,071 0 0 GOLF PRO CONTRACT 12,322 0 0 GAS AND OIL 12,150 0 0 HANDICAP SCORING SYSTEM 9,548 0 0 DUES AND SUBSCRIPTIONS 4,823 2,882 0 SALES TAX 6,927 0 0 UNIFORM 4,767 1,071 0 LICENSES AND PERMITS 5,028 0 0 ENTERTAINMENT 2,555 0 0 EDUCATION 240 200 0 TOTAL 257,925 97,949 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SALE OF MEMBER STOCK 6,300
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/TravelGrp/ManagementAndGeneralAmt0511
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IRS990/TravelGrp/TotalAmt01614
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IRS990/USAddress/AddressLine1Txt0PO BOX 1875
IRS990/USAddress/CityNm0ASHLAND
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd041105
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFF BOSTIC
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GENERAL MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum06063242107
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-12-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BELLEFONTE COUNTRY CLUB
ReturnHeader/Filer/BusinessNameControlTxt0BELL
ReturnHeader/Filer/EIN0610131100
ReturnHeader/Filer/PhoneNum06063242107
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1875

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