Cedarbrook Country Club
- Assets
- $2.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 42
- Location
- State Road, NC
- Founding
- 03/1951
- Data as of
- 12/2021
- EIN
- 56-0499437
Organization Overview
Cedarbrook Country Club is located in State Road, NC. The organization was established in 1951. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Cedarbrook Country Club employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedarbrook Country Club 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, Cedarbrook Country Club generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $919.1k during the year ending 12/2021. While expenses have increased by 0.7% 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
THE CLUB PROMOTES COMMON RECREATIONAL INTERESTS BY PROVIDING FACILITIES FOR PERSONAL CONTACT AND FELLOWSHIP AMONG MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPROXIMATELY 333 MEMBERS SHARED IN THE RECREATION AND FELLOWSHIP OF GOLF AND RECREATIONAL FACILITIES PROVIDED BY THE CLUB IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William T Zimmerman II Club Manager | Officer | 60 | $84,594 |
David Renegar Vice President | OfficerTrustee | 2 | $0 |
Sam Couch President | OfficerTrustee | 2 | $0 |
David Cline Treasurer | OfficerTrustee | 2 | $0 |
Kevin Stanback Secretary | OfficerTrustee | 2 | $0 |
Jim Byrd Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $424,614 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $96,296 |
| 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 | $520,910 |
| Total Program Service Revenue | $590,581 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,084,706 |
| 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. | $84,594 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $280,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,702 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,149 |
| Office expenses | $9,773 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,923 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,512 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,047 |
| Insurance | $30,646 |
| All other expenses | $365,176 |
| Total functional expenses | $919,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,082 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,737 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,094 |
| Prepaid expenses and deferred charges | $5,831 |
| Net Land, buildings, and equipment | $2,310,168 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,587,912 |
| Accounts payable and accrued expenses | $317,640 |
| 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 | $100,000 |
| Secured mortgages and notes payable | $566,743 |
| Unsecured mortgages and notes payable | $760,000 |
| Other liabilities | $0 |
| Total liabilities | $1,744,383 |
| Net assets without donor restrictions | $843,529 |
| 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 | $2,587,912 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Landings Club Inc Savannah, GA | $76,235,389 | $43,044,375 |
Myers Park Country Club Inc Charlotte, NC | $50,316,696 | $16,086,490 |
Bellehaven Country Club Inc Alexandria, VA | $40,402,944 | $17,085,559 |
North Ridge Country Club Inc Raleigh, NC | $21,783,792 | $13,220,578 |
George Walton Academy Inc Monroe, GA | $18,498,422 | $12,032,755 |
Willow Oaks Country Club Inc Richmond, VA | $15,889,652 | $10,037,529 |
Forest Lake Club Columbia, SC | $17,782,694 | $10,657,455 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
Eagle Point Golf Club Inc Wilmington, NC | $18,431,345 | $8,325,446 |
Dataw Island Club Inc Beaufort, SC | $27,067,751 | $8,525,272 |
Wade Hampton Golf Club Inc Cashiers, NC | $23,418,026 | $9,280,278 |
Kinloch Golf Association Corp ManakinSabot, VA | $45,313,161 | $8,251,750 |