Cypress Landing Golf Club
- Assets
- $271.3k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Chocowinity, NC
- Founding
- 09/2009
- Data as of
- 12/2020
- EIN
- 01-0674195
Organization Overview
Cypress Landing Golf Club is located in Chocowinity, NC. The organization was established in 2009. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cypress Landing Golf Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2020, Cypress Landing Golf Club generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.2m during the year ending 12/2020. While expenses have increased by 3.1% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF RECREATIONAL GOLF FACILITIES AND MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF RECREATIONAL GOLF FACILITIES FOR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Moore Vice President | OfficerTrustee | 5 | $0 |
Carol Hornaday Secretary | OfficerTrustee | 5 | $0 |
Chris Smith Treasurer | OfficerTrustee | 5 | $0 |
Ben Miller President | OfficerTrustee | 5 | $0 |
Larry Howard Director | Trustee | 5 | $0 |
Bob Papagianopoulos Director | Trustee | 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 | $943,859 |
| Investment income | $136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $85,297 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,303,720 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $433,439 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,256 |
| Payroll taxes | $37,071 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,247 |
| Fees for services: Accounting | $15,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,981 |
| Office expenses | $16,190 |
| Information technology | $10,716 |
| Royalties | $0 |
| Occupancy | $61,947 |
| Travel | $5,998 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,493 |
| Insurance | $33,379 |
| All other expenses | $89,422 |
| Total functional expenses | $1,175,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,951 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,105 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,263 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $271,319 |
| Accounts payable and accrued expenses | $193,839 |
| Grants payable | $0 |
| Deferred revenue | $64,199 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $258,038 |
| Net assets without donor restrictions | -$139,304 |
| Net assets with donor restrictions | $152,585 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $271,319 |
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