Cedarbrook Country Club
- Assets
- $3.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 53
- Location
- State Road, NC
- Founding
- 03/1951
- Data as of
- 12/2023
- 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 12/2023, Cedarbrook Country Club employed 53 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 12/2023, Cedarbrook Country Club generated $1.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $996.2k during the year ending 12/2023. While expenses have increased by 1.3% per year over the past 5 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 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 355 MEMBERS SHARED IN THE RECREATION AND FELLOWSHIP OF GOLF AND RECREATIONAL FACILITIES PROVIDED BY THE CLUB IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Ross Club Manager | Officer | 60 | $60,191 |
William T Zimmerman II Club Manager | Officer | 60 | $42,216 |
Jim Byrd Director | Trustee | 1 | $0 |
Steve Owings Director | Trustee | 1 | $0 |
Scott Winebarger Director | Trustee | 1 | $0 |
Mickey Vestal Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $463,148 |
| 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 | $463,148 |
| Total Program Service Revenue | $694,476 |
| Investment income | $25,727 |
| 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 | $1,378,870 |
| 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. | $102,407 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $243,822 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $664 |
| Office expenses | $11,040 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,107 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,142 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,165 |
| Insurance | $20,608 |
| All other expenses | $474,943 |
| Total functional expenses | $996,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $460,660 |
| Savings and temporary cash investments | $518,174 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,592 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,992 |
| Prepaid expenses and deferred charges | $6,454 |
| Net Land, buildings, and equipment | $2,290,837 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,340,709 |
| Accounts payable and accrued expenses | $93,055 |
| 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 | $1,438,000 |
| Unsecured mortgages and notes payable | $55,000 |
| Other liabilities | $0 |
| Total liabilities | $1,586,055 |
| Net assets without donor restrictions | $1,754,654 |
| 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 | $3,340,709 |