Charlotte City Club Inc
- Assets
- $14.6m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 62
- Location
- Charlotte, NC
- Founding
- 10/2000
- Data as of
- 12/2021
- EIN
- 56-0506447
Organization Overview
Charlotte City Club Inc is located in Charlotte, NC. The organization was established in 2000. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Charlotte City Club Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte City 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 12/2021, Charlotte City Club Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $4.1m during the year ending 12/2021. While expenses have increased by 6.1% 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 PURPOSE OF CHARLOTTE CITY CLUB, INC. (THE CLUB) IS TO OPERATE A PRIVATE DINING FACILITY FOR MEMBERS AND THEIR GUESTS. TO PROVIDE THE MEMBERS THE OPPORTUNITY TO CONVENE, SOCIALIZE AND RECREATE IN ORDER TO FORM A COMMON BOND OF FRIENDSHIP AND COMMUNITY. THE CLUB IS NOT OPEN TO THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF CHARLOTTE CITY CLUB, INC. (THE CLUB) IS TO OPERATE A PRIVATE DINING FACILITY FOR MEMBERS AND THEIR GUESTS. TO PROVIDE THE MEMBERS THE OPPORTUNITY TO CONVENE, SOCIALIZE AND RECREATE IN ORDER TO FORM A COMMON BOND OF FRIENDSHIP AND COMMUNITY. THE CLUB IS NOT OPEN TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Scharer Former Gm | 40 | $284,289 | |
Elisha Cicerone General Manager/coo | Officer | 40 | $210,623 |
Julie Horanski Director Of Membership | 40 | $109,152 | |
Tom Nash President | OfficerTrustee | 5 | $0 |
Michael Mcnamara Treasurer | OfficerTrustee | 5 | $0 |
Mason Alexander Secretary | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harker Llc Construction | 12/30/21 | $640,429 |
Mckenney's Hvac Mechanical | 12/30/21 | $109,854 |
Tr 121 W Trade Llc Rent & Utilities | 12/30/21 | $576,232 |
Performance Food Group Food | 12/30/21 | $101,990 |
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 | $1,666,571 |
| Investment income | $118,915 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $639,189 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $763,550 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,286,480 |
| 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 | $1,610,021 |
| Pension plan accruals and contributions | $66,837 |
| Other employee benefits | $172,650 |
| Payroll taxes | $53,636 |
| 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 | $15,000 |
| Fees for services: Other | $103,226 |
| Advertising and promotion | $0 |
| Office expenses | $96,436 |
| Information technology | $29,524 |
| Royalties | $0 |
| Occupancy | $876,991 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,708 |
| Interest | $79,327 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $334,273 |
| Insurance | $30,779 |
| All other expenses | $117,629 |
| Total functional expenses | $4,100,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $409,308 |
| Savings and temporary cash investments | $13,859 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $491,791 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $66,735 |
| Prepaid expenses and deferred charges | $112,362 |
| Net Land, buildings, and equipment | $6,871,950 |
| Investments—publicly traded securities | $6,623,814 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,589,819 |
| Accounts payable and accrued expenses | $514,152 |
| Grants payable | $0 |
| Deferred revenue | $1,070,227 |
| 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 | $2,799,767 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $961,005 |
| Total liabilities | $5,345,151 |
| Net assets without donor restrictions | $9,244,668 |
| 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 | $14,589,819 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cypress Of Raleigh Club Inc Raleigh, NC | $8,631,439 | $17,789,795 |
Path Foundation Inc Atlanta, GA | $7,941,143 | $9,456,940 |
Southeastern Virginia Areawide Model Program Inc Norfolk, VA | $2,843,692 | $8,738,729 |
Metropolitan Richmond Sports Backers Inc Richmond, VA | $2,872,546 | $6,713,495 |
Big South Conference Inc Charlotte, NC | $10,241,548 | $8,654,912 |
Cleveland County Family Ymca Inc Shelby, NC | $16,549,563 | $5,509,175 |
Charlotte City Club Inc Charlotte, NC | $14,589,819 | $3,286,480 |
Marlins Of Raleigh Raleigh, NC | $1,167,559 | $2,085,324 |
A H R M A Elora, TN | $355,476 | $1,651,108 |
Vysa For Land Preservation Fredericksburg, VA | $6,332,662 | $617,000 |
Commanderie De Bordeaux Inc Brentwood, TN | $1,195,478 | $1,296,061 |
Atlanta Hawks Foundation Inc Atlanta, GA | $602,957 | $362,500 |