New Bern Golf & Country Club
- Assets
- $7.7m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 170
- Location
- New Bern, NC
- Founding
- 08/1945
- Data as of
- 05/2022
- EIN
- 56-0581092
Organization Overview
New Bern Golf & Country Club is located in New Bern, NC. The organization was established in 1945. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 05/2022, New Bern Golf & Country Club employed 170 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Bern Golf & 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 05/2022, New Bern Golf & Country Club generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $3.8m during the year ending 05/2022. While expenses have increased by 2.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DINING & RECREATION FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES FOOD, BEVERAGE, GOLF, TENNIS, AND FITNESS FACILITIES AND SERVICES TO APPROXIMATELY 700 MEMBERS.
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 |
|---|---|---|---|
Charles Dill Former Club Manager | Officer | 40 | $30,000 |
Dan Argentieri Club Manager | Officer | 40 | $27,802 |
William Faulkenberry President | OfficerTrustee | 2 | $0 |
Sharon Maxey Secretary | OfficerTrustee | 2 | $0 |
Craig Holton Vice President | OfficerTrustee | 2 | $0 |
Charles Smith Treasurer | OfficerTrustee | 2 | $0 |
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 | $3,264,500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,439 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $580,758 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,229,719 |
| 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. | $67,610 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,498,149 |
| Pension plan accruals and contributions | $17,685 |
| Other employee benefits | $295,004 |
| Payroll taxes | $141,790 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $484,816 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $72,216 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $395,333 |
| Insurance | $58,070 |
| All other expenses | $0 |
| Total functional expenses | $3,772,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $609,361 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $365,252 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $80,449 |
| Prepaid expenses and deferred charges | $67,169 |
| Net Land, buildings, and equipment | $6,599,395 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,367 |
| Other assets | $0 |
| Total assets | $7,728,993 |
| Accounts payable and accrued expenses | $232,328 |
| Grants payable | $0 |
| Deferred revenue | $244,484 |
| 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 | $2,269,206 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $291,254 |
| Total liabilities | $3,037,272 |
| Net assets without donor restrictions | $4,691,721 |
| 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 | $7,728,993 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
Ansley Golf Club Atlanta, GA | $48,365,690 | $21,052,650 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |
Charlotte Country Club Inc Charlotte, NC | $46,999,419 | $24,642,018 |
Carolina Country Club Company Raleigh, NC | $25,311,282 | $14,725,345 |
Alpha Delta Pi Sorority Atlanta, GA | $18,755,038 | $19,005,623 |
Greenville Country Club Greenville, SC | $30,935,703 | $16,712,012 |
Dunwoody Country Club Inc Atlanta, GA | $25,487,572 | $16,307,962 |
Hillwood Country Club Nashville, TN | $28,189,115 | $15,197,355 |
Belle Meade Country Club Nashville, TN | $42,979,255 | $14,973,436 |
Augusta Country Club Incorporated Augusta, GA | $39,567,278 | $12,683,205 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |