Benvenue Country Club Inc
- Assets
- $4.0m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 172
- Location
- Rocky Mount, NC
- Founding
- 05/1966
- Data as of
- 12/2022
- EIN
- 56-0139870
Organization Overview
Benvenue Country Club Inc is located in Rocky Mount, NC. The organization was established in 1966. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Benvenue Country Club Inc employed 172 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benvenue Country Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Benvenue Country Club Inc generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB IS A SOCIAL AND RECREATIONAL CLUB PROVIDING GOLF, TENNIS, SWIMMING, AND FOOD SERVICES TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOTAL FOOD AND BEVERAGE REVENUE FOR THE YEAR ENDED 12/31/22 WAS $1,373,667 OF WHICH $191,118 WAS NON-MEMBER RELATED.
THE CLUB HAS AN 18 HOLE GOLF COURSE. TOTAL ROUNDS OF GOLF PLAYED FOR THE YEAR ENDED 12/31/22 WAS 10,247 OF WHICH 616 ROUNDS WERE NON-MEMBER RELATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Burnette President | OfficerTrustee | 2 | $0 |
Gray Daughtridge Past President | OfficerTrustee | 1 | $0 |
Marlo Williams Vice President | OfficerTrustee | 1 | $0 |
Bill Pruden 2nd Vice President | OfficerTrustee | 1 | $0 |
Chris Dwight Secretary | Trustee | 1 | $0 |
Jay Gardner Director | Trustee | 0.5 | $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 | $1,952,400 |
| Investment income | $2,908 |
| 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 | $961,726 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,984,368 |
| 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 | $1,574,289 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $183,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $156,833 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,959 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $202,447 |
| Insurance | $40,370 |
| All other expenses | $191,456 |
| Total functional expenses | $2,941,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $556,270 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $350,456 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,698 |
| Prepaid expenses and deferred charges | $8,448 |
| Net Land, buildings, and equipment | $3,083,604 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,036,476 |
| Accounts payable and accrued expenses | $184,504 |
| Grants payable | $0 |
| Deferred revenue | $311,547 |
| 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 | $77,233 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $573,284 |
| Net assets without donor restrictions | $3,463,192 |
| Net assets with donor restrictions | $0 |
| 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 | $4,036,476 |