Coulwood Community Council Ltd
- Assets
- $648.6k
- Revenue
- $270.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Paw Creek, NC
- Founding
- 08/2014
- Data as of
- 04/2024
- EIN
- 56-0773306
Organization Overview
Coulwood Community Council Ltd is located in Paw Creek, NC. The organization was established in 2014. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coulwood Community Council Ltd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2024, Coulwood Community Council Ltd generated $270.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $144.5k during the year ending 04/2024. While expenses have increased by 10.4% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAIN PROPERTY FOR THE PURPOSE OF PROVIDING COMMUNITY PARKS COMPLETE WITH ATHLETIC AND RECREATION FACILITIES AND A COMMUNITY CENTER. TO PROMOTE THE WELFARE OF THE COMMUNITY TO BE A BETTER PLACE TO LIVE AND WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE ACCOMPLISHMENTS A. THE COULWOOD POOL WAS OPEN FOR MEMBERSHIP FROM MEMORIAL DAY WEEKEND TO LABOR DAY WEEKEND. THERE WERE APPROXIMATELY 167 INDIVIDUAL POOL MEMBERSHIPS AND COUNCIL MEMBERSHIPS FOR THE SEASON.DURING THE SUMMER SEASON THE COULWOOD SWIM TEAM USED THE POOL FOR TEAM PRACTICES, TEAM SWIM MEETS AND LEAGUE SWIM MEETS. SWIM LESSONS ARE OFFERED AT THE POOL. ON JULY 4TH, THE POOL WAS OPEN TO THE PUBLIC FOR A FREE SWIM WITH APPROXIMATELY 300 ATTENDING. WATER AEROBICS ACTIVITIES WERE ALSO AVAILABLE. B. THERE WAS MOVIE NIGHT IN THE PARK, EASTER EGG HUNT, PHOTOS WITH SANTA, SENIOR CITIZENS PANCAKE BREAKFAST. THE COULWOOD CLUBHOUSE WAS ALSO RENTED SEVERAL TIMES A MONTH FOR VARIUS FAMILY REUNIONS, SHOWERS, BIRTHDAY PARTIES ETC. THE COULWOOD COMMUNITY COUNCIL BOARD OF DIRECTORS HOLDS MONTHLY, BI-ANNUAL AND SPECIAL COMMUNITY MEETINGS AT THE CLUBHOUSE WITH 10 TO 50 ATTENDING. C. THE COULWOOD PARK IS OPEN DAWN TO DUSK TO THE PUBLIC AND USED BY INDIVIDUALS, FAMILIES AND GROUPS FOR PICNICS AND GATHERINGS. THE ANNUAL 4TH OF JULY COMMUNITY CELEBRATION IS HELD IN THE PARK.
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 |
|---|---|---|---|
Cindy Ferguson President | OfficerTrustee | 25 | $0 |
Leslie Campbell Treasurer | OfficerTrustee | 25 | $0 |
Abby Limauge Secretary | OfficerTrustee | 25 | $0 |
Joanne Baker Vice President | OfficerTrustee | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $70,527 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $199,873 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,400 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $270,400 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $33,314 |
| 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 | $1,921 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $78,882 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,879 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,154 |
| All other expenses | $0 |
| Total functional expenses | $144,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,662 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $453,977 |
| Total assets | $648,639 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $424,514 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $424,514 |
| Net assets without donor restrictions | $0 |
| 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 | $224,125 |
| Total liabilities and net assets/fund balances | $648,639 |