Paschal Golf Club Inc
- Assets
- $704.8k
- Revenue
- $518.0k
- Investments
- $0.0
- Employees
- 12
- Location
- Wake Forest, NC
- Founding
- 12/1986
- Data as of
- 08/2024
- EIN
- 56-0637645
Organization Overview
Paschal Golf Club Inc is located in Wake Forest, NC. The organization was established in 1986. 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 08/2024, Paschal Golf Club Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paschal Golf Club Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 08/2024, Paschal Golf Club Inc generated $518.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $432.0k during the year ending 08/2024. While expenses have increased by 15.5% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAIN A NINE HOLE GOLF COURSE TO PROMOTE ENJOYMENT OF GOLF IN THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPROXIMATELY 23,000 ROUNDS WERE PLAYED BY MEMBERS AND THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Johnson Grounds Crew | Officer | 40 | $33,156 |
Alan Oshaughnessy Superintendant | Officer | 60 | $31,288 |
Deborah Perry Club House | Officer | 20 | $21,053 |
Mike Cronin Secretary | Trustee | 10 | $4,584 |
Adrian Gallo Treasuer | Officer | 5 | $0 |
Tim Tinker Vice President | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $63,215 |
| 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 | $63,215 |
| Total Program Service Revenue | $437,247 |
| Investment income | $5,719 |
| 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 | $11,479 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $517,985 |
| 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 | $2,762 |
| 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 | $186,141 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,067 |
| Advertising and promotion | $0 |
| Office expenses | $28,900 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,053 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,232 |
| Insurance | $10,787 |
| All other expenses | $0 |
| Total functional expenses | $432,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,684 |
| Savings and temporary cash investments | $283,823 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,492 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $240,579 |
| Investments—publicly traded securities | $4,243 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $704,821 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $5,495 |
| 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 | $25,933 |
| Other liabilities | $847 |
| Total liabilities | $32,275 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $586,543 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $86,003 |
| Total liabilities and net assets/fund balances | $704,821 |