Chapel Hill Country Club Inc
- Assets
- $16.6m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 292
- Location
- Chapel Hill, NC
- Founding
- 05/1967
- Data as of
- 12/2023
- EIN
- 56-0172993
Organization Overview
Chapel Hill Country Club Inc is located in Chapel Hill, NC. The organization was established in 1967. As of 12/2023, Chapel Hill Country Club Inc employed 292 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chapel Hill 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 12/2023, Chapel Hill Country Club Inc generated $10.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $9.9m during the year ending 12/2023. While expenses have increased by 6.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB OFFERS ITS MEMBERS FULL COUNTRY CLUB SERVICES INCLUDING GOLF, TENNIS, SWIMMING, DINING FACILITIES, AND SOCIAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Woods President | OfficerTrustee | 20 | $0 |
Derek Wildman Vice President | OfficerTrustee | 20 | $0 |
Kate Upton Treasurer | OfficerTrustee | 20 | $0 |
Brian Armstrong Assistant Treasurer | OfficerTrustee | 20 | $0 |
Julie Stone Secretary | OfficerTrustee | 20 | $0 |
Linda Gilchrist Assistant Secretary | OfficerTrustee | 20 | $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 | $7,446,182 |
| Investment income | $133,079 |
| 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 | $3,347,086 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,926,347 |
| 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. | $554,781 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,235,667 |
| Pension plan accruals and contributions | $86,679 |
| Other employee benefits | $414,341 |
| Payroll taxes | $365,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,080 |
| Fees for services: Accounting | $18,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,850 |
| Advertising and promotion | $0 |
| Office expenses | $607,175 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $300,331 |
| Travel | $338 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $262,697 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,012,156 |
| Insurance | $143,528 |
| All other expenses | $242,658 |
| Total functional expenses | $9,940,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,335,308 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,042,665 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $329,991 |
| Inventories for sale or use | $319,315 |
| Prepaid expenses and deferred charges | $22,569 |
| Net Land, buildings, and equipment | $12,761,212 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $797,067 |
| Total assets | $16,608,127 |
| Accounts payable and accrued expenses | $369,935 |
| Grants payable | $0 |
| Deferred revenue | $924,516 |
| 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 | $6,389,331 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,683,782 |
| Net assets without donor restrictions | $8,924,345 |
| 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 | $16,608,127 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richland Country Club Nashville, TN | $47,269,848 | $16,159,938 |
Chapel Hill Country Club Inc Chapel Hill, NC | $16,608,127 | $10,926,347 |
Lake Hickory Country Club Inc Hickory, NC | $7,262,963 | $6,092,840 |
Country Club Of Spartanburg Spartanburg, SC | $7,404,812 | $5,661,031 |
Coosa Country Club Corp Rome, GA | $13,174,494 | $7,318,444 |
Lakewood Golf & Country Club Tullahoma, TN | $1,490,992 | $1,629,101 |
Prestwood Country Club Hartsville, SC | $239,002 | $274,870 |