Cleveland Country Club Inc
- Assets
- $1.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 101
- Location
- Shelby, NC
- Founding
- 09/1956
- Data as of
- 12/2018
- EIN
- 56-0493346
Organization Overview
Cleveland Country Club Inc is located in Shelby, NC. The organization was established in 1956. 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 12/2018, Cleveland Country Club Inc employed 101 individuals. Cleveland 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 12/2018, Cleveland Country Club Inc generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
CLEVELAND COUNTRY CLUB IS A MEMBER OWNED COUNTRY CLUB WHOSE MISSION IS TO PROVIDE PREMIER SERVICES AND FACILITIES TO ITS MEMBERS, THEIR FAMILIES AND GUESTS FOR THE ENJOYMENT OF THE FINEST TRADITIONS OF GOLF, SWIM, TENNIS AND DINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUB OFFERS MEMBERS ABILITY TO SOCIALIZE AND PARTAKE IN RECREATIONAL ACTIVITIES SUCH AS GOLF, TENNIS AND SWIMMING. THE CLUB MEMBERSHIP AVERAGES 200 MEMBERS AND THEIR FAMILIES
CLUB OFFERS MEMBERS ABILITY TO SOCIALIZE AND PARTAKE IN RECREATIONAL ACTIVITIES SUCH AS GOLF, TENNIS AND SWIMMING. THE CLUB MEMBERSHIP AVERAGES 200 MEMBERS AND THEIR FAMILIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamey Davis President | OfficerTrustee | 2 | $0 |
Cheryl Farfour Vice Preside | OfficerTrustee | 2 | $0 |
Millie Holbrook Secretary | OfficerTrustee | 2 | $0 |
Rod Clouse Treasurer | OfficerTrustee | 2 | $0 |
David Lynn Board Member | Trustee | 2 | $0 |
Lori Martinez Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $706,447 |
| 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 | $706,447 |
| Total Program Service Revenue | $790,034 |
| Investment income | $68 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,205 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,503,754 |
| 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 | $560,604 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $56,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,200 |
| 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 | $12,501 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $114,364 |
| Travel | $75 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $69,535 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $42,098 |
| All other expenses | $236,631 |
| Total functional expenses | $1,586,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$21,985 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $96,546 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $920 |
| Inventories for sale or use | $30,669 |
| Prepaid expenses and deferred charges | $21,090 |
| Net Land, buildings, and equipment | $1,564,689 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,691,929 |
| Accounts payable and accrued expenses | $174,231 |
| Grants payable | $0 |
| Deferred revenue | $61,167 |
| 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 | $1,396,838 |
| Other liabilities | $0 |
| Total liabilities | $1,632,236 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $1,077,960 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $59,693 |
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 |