Bentwinds Golf & Country Club Inc
- Assets
- $10.6m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 80
- Location
- Fuquay Varina, NC
- Founding
- 10/1988
- Data as of
- 12/2023
- EIN
- 56-0745846
Organization Overview
Bentwinds Golf & Country Club Inc is located in Fuquay Varina, NC. The organization was established in 1988. 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 12/2023, Bentwinds Golf & Country Club Inc employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bentwinds Golf & 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, Bentwinds Golf & Country Club Inc generated $4.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $4.2m during the year ending 12/2023. While expenses have increased by 8.7% 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
A PLACE YOU CALL HOME FOR THE ENTIRE FAMILY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENTWINDS GOLF & COUNTRY CLUB PROVIDES GOLF COURSE, TENNIS, POOL, AND CLUBHOUSE AMENITIES FOR THE BENEFIT OF THE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Hobbs Treasurer | OfficerTrustee | 1 | $0 |
Bill Tierney President | OfficerTrustee | 1 | $0 |
Rachel Tuller Vice President | OfficerTrustee | 0.5 | $0 |
Connie Barnes Secretary | OfficerTrustee | 0.15 | $0 |
Glen Long Board Member | Trustee | 0.15 | $0 |
Clay Jackson Board Member | Trustee | 0.15 | $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 | $3,728,433 |
| Investment income | $12,859 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,606 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $882,507 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,737,770 |
| 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. | $187,126 |
| Compensation of current officers, directors, key employees. | $46,781 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,772,124 |
| Pension plan accruals and contributions | $24,126 |
| Other employee benefits | $74,457 |
| Payroll taxes | $144,139 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,061 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,936 |
| Advertising and promotion | $15,583 |
| Office expenses | $54,697 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $206,655 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $193,495 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $364,113 |
| Insurance | $74,035 |
| All other expenses | $231,403 |
| Total functional expenses | $4,245,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,032 |
| Savings and temporary cash investments | $1,649,894 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $421,751 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $104,047 |
| Prepaid expenses and deferred charges | $31,226 |
| Net Land, buildings, and equipment | $7,865,708 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $512,116 |
| Total assets | $10,635,774 |
| Accounts payable and accrued expenses | $115,120 |
| Grants payable | $0 |
| Deferred revenue | $233,801 |
| 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 | $5,461,819 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $698,353 |
| Total liabilities | $6,509,093 |
| Net assets without donor restrictions | $4,126,681 |
| 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 | $10,635,774 |