Coharie Country Club Inc
- Assets
- $177.1k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 51
- Location
- Clinton, NC
- Founding
- 04/1950
- Data as of
- 12/2023
- EIN
- 56-0504591
Organization Overview
Coharie Country Club Inc is located in Clinton, NC. The organization was established in 1950. 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, Coharie Country Club Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coharie 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 12/2023, Coharie Country Club Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 5.2% per year over the past 6 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
PROVIDE RECREATIONAL AND ENTERTAINMENT FACILITIES FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF, SWIM AND TENNIS FACILITIES
DINING FACILITIES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Herring Director | Trustee | 1 | $0 |
Wendi Ferrell Director | Trustee | 1 | $0 |
John Goetke Director | Trustee | 1 | $0 |
Amanda Dubose Director | Trustee | 1 | $0 |
Jc Thomas Director | Trustee | 1 | $0 |
Trey Fetterman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $415,978 |
| 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 | $415,978 |
| Total Program Service Revenue | $739,278 |
| Investment income | $186 |
| 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 | $1,155,442 |
| 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 | $339,699 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $720 |
| Payroll taxes | $33,462 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $16,530 |
| Advertising and promotion | $29,238 |
| Office expenses | $5,439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $162,123 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,932 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,247 |
| Insurance | $29,490 |
| All other expenses | $0 |
| Total functional expenses | $1,181,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,700 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,976 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,907 |
| Net Land, buildings, and equipment | $55,528 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $177,111 |
| Accounts payable and accrued expenses | $31,726 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $70,886 |
| Total liabilities | $102,612 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $275,108 |
| Paid-in or capital surplus, or land, building, or equipment fund | $104,990 |
| Retained earnings, endowment, accumulated income, or other funds | -$305,599 |
| Total liabilities and net assets/fund balances | $177,111 |