Biltmore Forest Country Club Inc
- Assets
- $27.5m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 210
- Location
- Asheville, NC
- Founding
- 10/1934
- Data as of
- 12/2021
- EIN
- 56-0141970
Organization Overview
Biltmore Forest Country Club Inc is located in Asheville, NC. The organization was established in 1934. 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 12/2021, Biltmore Forest Country Club Inc employed 210 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Biltmore Forest 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 12/2021, Biltmore Forest Country Club Inc generated $8.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $8.9m during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BILTMORE FOREST COUNTRY CLUB IS A PRIVATE COUNTRY CLUB WHICH PROVIDES PROGRAMS AND FACILITIES TO SERVE THE GOLF, TENNIS, ATHLETIC, SOCIAL, AND OTHER LIFESTYLE DESIRES OF ITS MEMBER FAMILIES. THE WELL-MAINTAINED FACILITIES ARE AN INVITING SETTING FOR THE RECREATIONAL ACTIVITIES AND SOCIAL INTERACTION OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF PROGRAMS - PROVIDED GOLF COURSE FOR THE RECREATION OF MEMBERS AND THEIR GUESTS (24,389 ROUNDS PLAYED)
FOOD AND BEVERAGE PROGRAMS - PROVIDED RESTAURANT FACILITIES FOR A LA CARTE DINING AND BANQUETS FOR MEMBERS AND THEIR GUESTS (63,053 MEALS SERVED)
FITNESS PROGRAMS - PROVIDED FITNESS FACILITIES AND INSTRUCTION FOR MEMBERS AND THEIR GUESTS (9,776 FITNESS CENTER VISITS)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Nock Coo/assistant Secretary | Officer | 40 | $240,217 |
Michael Heustis Golf Course Superintendent | Officer | 40 | $236,689 |
Jonathan Rector Head Golf Professional | 40 | $115,171 | |
Angela Powers Controller | 40 | $114,212 | |
Trisha Shand Membership Director | 40 | $100,387 | |
James B Hyler Jr President (jan-Feb), Governor (mar-Dec) | OfficerTrustee | 1 | $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 | $6,673,781 |
| Investment income | $19,693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$220,826 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,348,612 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,724,256 |
| 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. | $493,168 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,755,972 |
| Pension plan accruals and contributions | $123,174 |
| Other employee benefits | $545,709 |
| Payroll taxes | $360,028 |
| Fees for services: Management | $75,713 |
| Fees for services: Legal | $25,744 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,439 |
| Advertising and promotion | $0 |
| Office expenses | $212,717 |
| Information technology | $136,668 |
| Royalties | $0 |
| Occupancy | $532,541 |
| Travel | $20,597 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,664 |
| Interest | $96,541 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,318,267 |
| Insurance | $127,505 |
| All other expenses | $0 |
| Total functional expenses | $8,913,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,090,283 |
| Savings and temporary cash investments | $1,668,916 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $686,989 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $336,659 |
| Inventories for sale or use | $103,402 |
| Prepaid expenses and deferred charges | $23,884 |
| Net Land, buildings, and equipment | $20,633,738 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,543,871 |
| Accounts payable and accrued expenses | $539,180 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,438,392 |
| Other liabilities | $480,348 |
| Total liabilities | $4,457,920 |
| Net assets without donor restrictions | $23,085,951 |
| 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 | $27,543,871 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
Ansley Golf Club Atlanta, GA | $48,365,690 | $21,052,650 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |
Charlotte Country Club Inc Charlotte, NC | $46,999,419 | $24,642,018 |
Carolina Country Club Company Raleigh, NC | $25,311,282 | $14,725,345 |
Alpha Delta Pi Sorority Atlanta, GA | $18,755,038 | $19,005,623 |
Greenville Country Club Greenville, SC | $30,935,703 | $16,712,012 |
Dunwoody Country Club Inc Atlanta, GA | $25,487,572 | $16,307,962 |
Hillwood Country Club Nashville, TN | $28,189,115 | $15,197,355 |
Belle Meade Country Club Nashville, TN | $42,979,255 | $14,973,436 |
Augusta Country Club Incorporated Augusta, GA | $39,567,278 | $12,683,205 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |