Civic Intelligence

Friends of Tcc

EIN 72-0544694 • 501(c)7 • Covington, LA

Profile

Provide its members with a full range of country club services

2 Country Club ParkCovington, LA 70433

www.tchefunctacc.com

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)7 • $1M-$5M nonprofits • Source year 2021

Net Margin

1st percentile

-1145%

Higher net margin than 1% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)7 • $1M-$5M nonprofits • Source year 2021

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-95%

Faster revenue growth than 1% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$0

Down $2,292,970 (-100%) from 2020

Liabilities

Down

$0

Down $1,007,927 (-100%) from 2020

Net Assets

Down

$0

Down $1,285,043 (-100%) from 2020

Revenue

Down

$112,196

Down $2,166,675 (-95%) from 2020

Expenses

Down

$1,397,239

Down $1,275,846 (-48%) from 2020

Net Income

Down

-$1,285,043

Down $890,829 (-226%) from 2020

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $6,110,702Liabilities 2011: $3,767,758Net Assets 2011: $2,342,9442011Assets 2012: $5,669,117Liabilities 2012: $3,862,538Net Assets 2012: $1,806,5792012Assets 2013: $2,004,074Liabilities 2013: $222,519Net Assets 2013: $1,781,5552013Assets 2014: $2,330,601Liabilities 2014: $414,858Net Assets 2014: $1,915,7432014Assets 2015: $2,240,593Liabilities 2015: $451,699Net Assets 2015: $1,788,8942015Assets 2016: $2,362,704Liabilities 2016: $562,904Net Assets 2016: $1,799,8002016Assets 2017: $2,268,780Liabilities 2017: $501,140Net Assets 2017: $1,767,6402017Assets 2018: $2,567,707Liabilities 2018: $781,388Net Assets 2018: $1,786,3192018Assets 2019: $2,439,909Liabilities 2019: $893,265Net Assets 2019: $1,546,6442019Assets 2020: $2,292,970Liabilities 2020: $1,007,927Net Assets 2020: $1,285,0432020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $2,391,6832011Expenses 2012: $2,504,4352012Expenses 2013: $2,906,5312013Revenue 2014: $2,295,111Expenses 2014: $2,186,173Net Income 2014: $108,9382014Revenue 2015: $2,327,122Expenses 2015: $2,477,629Net Income 2015: -$150,5072015Revenue 2016: $2,476,940Expenses 2016: $2,635,933Net Income 2016: -$158,9932016Revenue 2017: $2,180,613Expenses 2017: $2,371,863Net Income 2017: -$191,2502017Revenue 2018: $2,200,447Expenses 2018: $2,336,287Net Income 2018: -$135,8402018Revenue 2019: $2,187,535Expenses 2019: $2,569,506Net Income 2019: -$381,9712019Revenue 2020: $2,278,871Expenses 2020: $2,673,085Net Income 2020: -$394,2142020Revenue 2021: $112,196Expenses 2021: $1,397,239Net Income 2021: -$1,285,0432021

Highlighted filing

2021

Revenue$112,196
Expenses$1,397,239
Net Income-$1,285,043

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2020 to Oct 31, 2021
Signed
Sep 15, 2022
Return Version
2020v4.2
Gross Receipts
$2,313,036
Mission and Program Overview

Mission

Provide its members with a full range of country club services.

Provide its members with a full range of country club services

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,766,870$0▼ $1,766,870
Accounts Receivable$260,812$0▼ $260,812
Cash and Non-Interest-Bearing Accounts$148,130$0▼ $148,130
Inventories for Sale or Use$81,428$0▼ $81,428
Prepaid Expenses and Deferred Charges$35,730$0▼ $35,730
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$2,292,970$0▼ $2,292,970
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$414,759$0▼ $414,759
Other Liabilities$304,438$0▼ $304,438
Accounts Payable and Accrued Expenses$288,730$0▼ $288,730
Total Liabilities$1,007,927$0▼ $1,007,927
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,010,996$0▼ $1,010,996
Net Assets Without Donor Restrictions$274,047$0▼ $274,047
Total Net Assets Fund Balance$1,285,043$0▼ $1,285,043
Total Liabilities and Net Assets / Fund Balance$2,292,970$0▼ $2,292,970
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bill HusseyFormer President
Townsend UnderhillPresident
Andy StoneVice President
Jeff MayfieldBoard Member
Kasey DorrBoard Member
Kelley GibsonBoard Member
Laurel JenkinsBoard Member
Simine ReedBoard Member
Stephen ManningBoard Member
Todd TournillonBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,171,158
Investment Income
$-1,320,997
Other Revenue
$262,035
Change in Net Assets
$-1,285,043
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$778,138
Salaries, Compensation, and Employee Benefits$619,101
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$558,131
Fees for Services Other---$155,212
Occupancy---$113,792
Depreciation Depletion---$98,782
Insurance---$69,975
Payroll Taxes---$60,970
Other Expenses---$40,580
All Other Expenses---$35,445
Office Expenses---$15,546
Interest---$10,469
Travel---$2,809
Total Functional Expenses$0$0$0$1,397,239
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

All members have the opportunity to vote for the governing body.

Form 990, Part VI, Section A, Line 7A

All members have the opportunity to vote for the board of directors at the annual meeting.

Form 990, Part VI, Section A, Line 7B

The board of directors cannot increase member dues without the approval of the members. A meeting must be called, at least two thirds of the members must be present, and at least fifty-one percent of the members present must approve the increase.

Form 990, Part VI, Section B, Line 11B

The form 990 is presented to the manager or president for review before it is filed.

Form 990, Part VI, Section B, Line 15

The manager is part of the club managers association. The manager compares salaries with other members of the association.

Form 990, Part VI, Section C, Line 18

The organization is a private social and recreation club. It does not make its form 990 or 990-t available to the public.

Form 990, Part VI, Section C, Line 19

The organization is a private social and recreation club. It does not make its governing documents and financial statements available to the public. Its governing documents and financial statements are made available to its members.

Filing and Contact Details

Filer

Filer Name
Friends of Tcc
EIN
72-0544694
Phone
9858920925
Address
2 COUNTRY CLUB PARK, COVINGTON, LA 70433

Signing Officer

Name
William Hussey
Title
President
Phone
9858920925
Signed
2022-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Townsend Underhill
Formed
1961
Legal Domicile
La
Voting Board Members
9
Independent Board Members
9
Employees
111
Volunteers
0

Preparer

Firm
Wegmann Dazet Apc
Address
111 VETERANS BLVD SUITE 800, METAIRIE, LA 70005
Preparer
Valerie Lowry
Phone
5048378844
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Organization sold all assets and ceased operations.

Form 990, Part IX, Line 11G

Professional fees 51,238. Contract labor 103,974.

Raw XML AppendixShowing 400 of 415 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02636
IRS990/PYOtherExpensesAmt02318490
IRS990/PYOtherRevenueAmt089609
IRS990/PYProgramServiceRevenueAmt02186626
IRS990/PYRevenuesLessExpensesAmt0-394214
IRS990/PYSalariesCompEmpBnftPaidAmt0354595
IRS990/PYTotalExpensesAmt02673085
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02278871
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1285043
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd01
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0SALE OF ALL ASSETS - COUNTRY CLUB FACILITY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0TCHEFUNCTA CLUB ESTATES INC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02021-04-09
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0720490213
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0600525
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0CORPORATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0APPRAISAL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt02 PINECREST DRIVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0COVINGTON
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0LA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd070433
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: ANDY STONE, TOWNSEND UNDERHILL, LAUREL JENKINS, STEPHEN MANNING, SIMINE REED, KELLEY GIBSON
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1EXPLANATION OF INVOLVEMENT: ON BOARD OF GOVENORS.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 2E:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION SOLD ALL ASSETS AND CEASED OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MEMBERS HAVE THE OPPORTUNITY TO VOTE FOR THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MEMBERS HAVE THE OPPORTUNITY TO VOTE FOR THE BOARD OF DIRECTORS AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS CANNOT INCREASE MEMBER DUES WITHOUT THE APPROVAL OF THE MEMBERS. A MEETING MUST BE CALLED, AT LEAST TWO THIRDS OF THE MEMBERS MUST BE PRESENT, AND AT LEAST FIFTY-ONE PERCENT OF THE MEMBERS PRESENT MUST APPROVE THE INCREASE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS PRESENTED TO THE MANAGER OR PRESIDENT FOR REVIEW BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE MANAGER IS PART OF THE CLUB MANAGERS ASSOCIATION. THE MANAGER COMPARES SALARIES WITH OTHER MEMBERS OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION IS A PRIVATE SOCIAL AND RECREATION CLUB. IT DOES NOT MAKE ITS FORM 990 OR 990-T AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION IS A PRIVATE SOCIAL AND RECREATION CLUB. IT DOES NOT MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PROFESSIONAL FEES 51,238. CONTRACT LABOR 103,974.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0LA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt02292970
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt02292970
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt0111
IRS990/TotalFunctionalExpensesGrp/TotalAmt01397239
IRS990/TotalGrossUBIAmt0-1222884
IRS990/TotalLiabilitiesBOYAmt01007927
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt01007927
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01285043
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01171158
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01335080
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0112196
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-1222884
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02292970
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt02809
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0414759
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/USAddress/AddressLine1Txt02 COUNTRY CLUB PARK
IRS990/USAddress/CityNm0COVINGTON
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070433
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.TCHEFUNCTACC.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM HUSSEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09858920925
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-09-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRIENDS OF TCC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FORMERLY TCHEFUNCTA COUNTRY CLUB
ReturnHeader/Filer/BusinessNameControlTxt0FRIE
ReturnHeader/Filer/EIN0720544694
ReturnHeader/Filer/PhoneNum09858920925
ReturnHeader/Filer/USAddress/AddressLine1Txt02 COUNTRY CLUB PARK
ReturnHeader/Filer/USAddress/CityNm0COVINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070433

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