High Meadows Golf & Country Club Inc
- Assets
- $5.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 74
- Location
- Roaring Gap, NC
- Founding
- 03/1996
- Data as of
- 12/2021
- EIN
- 56-0815054
Organization Overview
High Meadows Golf & Country Club Inc is located in Roaring Gap, NC. The organization was established in 1996. 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 12/2021, High Meadows Golf & Country Club Inc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Meadows 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 12/2021, High Meadows Golf & Country Club Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 3.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES RECREATIONAL ACTIVITIES INCLUDING: GOLF, POOL, AND RESTAURANT SERVICES FOR CLUB MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGH MEADOWS GOLF AND COUNTRY CLUB, INC. IS A NON-PROFIT ORGANIZATION THAT PROVIDES MEMBERS WITH RESTAURANT, POOL, AND GOLF PRIVILEGES. THE CLUB HAS 208 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Biggs General Manager | Officer | 40 | $82,081 |
Michael Lee West Former General Manager | Officer | 40 | $61,931 |
Ricky Brown President/director | OfficerTrustee | 1 | $0 |
Ricky Shore Incoming Vice President/director | OfficerTrustee | 1 | $0 |
Debbi Shelburne Outgoing Secretary/director | OfficerTrustee | 1 | $0 |
Susan Parker Incoming Secretary/director | OfficerTrustee | 1 | $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 | $103,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,850 |
| Total Program Service Revenue | $2,037,641 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,524 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$197,261 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,028,132 |
| 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. | $157,977 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $508,878 |
| Pension plan accruals and contributions | $8,938 |
| Other employee benefits | $71,171 |
| Payroll taxes | $74,499 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,101 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,716 |
| Office expenses | $11,662 |
| Information technology | $17,266 |
| Royalties | $0 |
| Occupancy | $117,236 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,886 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $292,625 |
| Insurance | $62,977 |
| All other expenses | $0 |
| Total functional expenses | $1,812,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,287 |
| Savings and temporary cash investments | $693,761 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $119,104 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $101,445 |
| Prepaid expenses and deferred charges | $3,375 |
| Net Land, buildings, and equipment | $4,120,078 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,082,050 |
| Accounts payable and accrued expenses | $119,669 |
| Grants payable | $0 |
| Deferred revenue | $1,004 |
| 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 | $1,344,932 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,465,605 |
| Net assets without donor restrictions | $3,616,445 |
| 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 | $5,082,050 |
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 |