Greensboro Country Club Incorporated
- Assets
- $35.1m
- Revenue
- $18.9m
- Investments
- $0.0
- Employees
- 469
- Location
- Greensboro, NC
- Founding
- 09/1943
- Data as of
- 09/2023
- EIN
- 56-0245080
Organization Overview
Greensboro Country Club Incorporated is located in Greensboro, NC. The organization was established in 1943. 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 09/2023, Greensboro Country Club Incorporated employed 469 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greensboro Country Club Incorporated is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2023, Greensboro Country Club Incorporated generated $18.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $20.6m during the year ending 09/2023. While expenses have increased by 5.1% per year over the past 8 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
TO PROMOTE SOCIAL INTERACTION AND RECREATION FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES FACILITIES SUCH AS TENNIS COURTS, GOLF COURSES, SWIMMING POOLS, FITNESS CENTER AND DINING ROOMS TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Rankin President | OfficerTrustee | 2 | $0 |
Mark Davidson Immediate Past President | OfficerTrustee | 2 | $0 |
Will Dubose Inside Vice President | OfficerTrustee | 2 | $0 |
Elizabeth Payonk Outside Vice President | OfficerTrustee | 2 | $0 |
Ralph Allen Treasurer | OfficerTrustee | 2 | $0 |
Scott Faircloth Assistant Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lmj Golf Llc Merchandise Sales From Pro Shop | 12/30/18 | $519,965 |
Green Resource Llc Chemicals/fertilizers For Golf Courses | 12/30/18 | $198,519 |
Thomas Cascarano Merchandise Sales From Pro Shop | 12/30/18 | $160,996 |
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 | $15,989,364 |
| Investment income | $3,596 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,552 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,841,100 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,862,612 |
| 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. | $1,275,456 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,624,412 |
| Pension plan accruals and contributions | $116,043 |
| Other employee benefits | $932,551 |
| Payroll taxes | $650,891 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,588 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $228,166 |
| Advertising and promotion | $50 |
| Office expenses | $102,477 |
| Information technology | $151,398 |
| Royalties | $0 |
| Occupancy | $1,876,162 |
| Travel | $51,925 |
| 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 | $3,100,557 |
| Insurance | $0 |
| All other expenses | $1,830,798 |
| Total functional expenses | $20,640,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,882 |
| Savings and temporary cash investments | $11,585 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,533,277 |
| Loans from Officers, Directors, or Controlling Persons | $32,910 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $317,213 |
| Prepaid expenses and deferred charges | $382,103 |
| Net Land, buildings, and equipment | $30,274,325 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $44,086 |
| Other assets | $1,432,576 |
| Total assets | $35,103,957 |
| Accounts payable and accrued expenses | $1,165,639 |
| 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 | $19,170,225 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,418,711 |
| Total liabilities | $21,754,575 |
| Net assets without donor restrictions | $13,349,382 |
| 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 | $35,103,957 |