Charlotte City Club Inc
- Assets
- $16.3m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 66
- Location
- Charlotte, NC
- Founding
- 10/2000
- Data as of
- 12/2023
- 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 12/2023, Charlotte City Club Inc employed 66 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 12/2023, Charlotte City Club Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $4.5m during the year ending 12/2023. While expenses have increased by 5.8% per year over the past 9 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 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 |
|---|---|---|---|
Ben Miller President | OfficerTrustee | 5 | $0 |
Greg James Treasurer | OfficerTrustee | 5 | $0 |
Mason Alexander Secretary | OfficerTrustee | 5 | $0 |
Craig Danforth Governor | Trustee | 5 | $0 |
Jeff O'keefe Governor | Trustee | 1 | $0 |
Mark Mead Governor | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tr 121 W Trade Llc Rent & Utilities | 12/30/23 | $605,008 |
Us Foods Food Purchases | 12/30/23 | $184,104 |
Preferred Parking Parking/garage | 12/30/23 | $107,046 |
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 | $2,631,740 |
| Investment income | $124,085 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $358,171 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $676,699 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,855,823 |
| 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 | $1,979,345 |
| Pension plan accruals and contributions | $65,144 |
| Other employee benefits | $179,347 |
| Payroll taxes | $144,551 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,019 |
| Fees for services: Accounting | $23,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,500 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $178,731 |
| Information technology | $94,825 |
| Royalties | $0 |
| Occupancy | $597,810 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,843 |
| Interest | $70,122 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $621,599 |
| Insurance | $45,794 |
| All other expenses | $67,192 |
| Total functional expenses | $4,486,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,368 |
| Savings and temporary cash investments | $302,924 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $359,052 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $99,316 |
| Prepaid expenses and deferred charges | $39,169 |
| Net Land, buildings, and equipment | $5,649,801 |
| Investments—publicly traded securities | $4,625,936 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,146,863 |
| Total assets | $16,346,429 |
| Accounts payable and accrued expenses | $471,834 |
| Grants payable | $0 |
| Deferred revenue | $239,134 |
| 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 | $2,454,476 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,251,707 |
| Total liabilities | $9,417,151 |
| Net assets without donor restrictions | $6,929,278 |
| 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 | $16,346,429 |