Wilson Country Club Inc
- Assets
- $1.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 100
- Location
- Wilson, NC
- Founding
- 01/1950
- Data as of
- 12/2022
- EIN
- 56-0458000
Organization Overview
Wilson Country Club Inc is located in Wilson, NC. The organization was established in 1950. 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, Wilson Country Club Inc employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilson 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, Wilson Country Club Inc generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 years. 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
SOCIAL/RECREATION FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE FOR MEMBERS AND THEIR GUESTS - (421 MEMBERS)
TENNIS COURTS - (421 MEMBERS) POOL FOR USE BY MEMBERS AND THEIR GUESTS (421 MEMBERS)
CLUB HOUSE - (421 MEMBERS)
DINING ROOM/BAR - (421 MEMBERS)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Barth Board Member | Trustee | $0 | |
Steve Coyte Board Member | Trustee | $0 | |
Joe Howe Treasurer | OfficerTrustee | $0 | |
Bryan Howell Board Member | Trustee | $0 | |
Coalter Paxton III Vice Preside | OfficerTrustee | $0 | |
Grant Jones Board Member | Trustee | $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 | $1,714,873 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,534 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $345,341 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,115,208 |
| 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 | $1,011,429 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,681 |
| Payroll taxes | $84,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,574 |
| 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 | $5,953 |
| Office expenses | $3,239 |
| Information technology | $23,090 |
| Royalties | $0 |
| Occupancy | $133,506 |
| Travel | $3,104 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $68,252 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,771 |
| Insurance | $35,517 |
| All other expenses | $254,383 |
| Total functional expenses | $2,106,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,992 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $280,477 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,559 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $611,490 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,055,518 |
| Accounts payable and accrued expenses | $142,099 |
| Grants payable | $0 |
| Deferred revenue | $140,873 |
| 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 | $769,874 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $311,166 |
| Total liabilities | $1,364,012 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $472,750 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$781,244 |
| Total liabilities and net assets/fund balances | $1,055,518 |