Pilot Knob Park Inc
- Assets
- $2.1m
- Revenue
- $708.4k
- Investments
- $0.0
- Employees
- 40
- Location
- Pilot Mountain, NC
- Founding
- 09/1966
- Data as of
- 12/2022
- EIN
- 56-0846999
Organization Overview
Pilot Knob Park Inc is located in Pilot Mountain, NC. The organization was established in 1966. 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 12/2022, Pilot Knob Park Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pilot Knob Park Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Pilot Knob Park Inc generated $708.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
PILOT KNOB PARK, INC. IS A RECREATIONAL CLUB PROVIDING GOLF AND SWIMMING ACTIVITIES TO ITS MEMBERS AND THEIR GUESTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING GOLF AND SWIMMING ACTIVITIES TO MEMBERS AND THEIR GUESTS
PROVIDING GOLF AND SWIMMING ACTIVITIES TO MEMBERS AND THEIR GUESTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Braithwaite President | OfficerTrustee | 1 | $0 |
Johnson York Vice Preside | OfficerTrustee | 1 | $0 |
Brad White Treasurer | OfficerTrustee | 1 | $0 |
Bobby Wade Secretary | OfficerTrustee | 1 | $0 |
Sam Hall Director | Trustee | 1 | $0 |
Jay Boaz Director | Trustee | 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 | $2,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,250 |
| Total Program Service Revenue | $620,300 |
| Investment income | $41 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,978 |
| Net Gain/Loss on Asset Sales | -$152,346 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $32,322 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $708,363 |
| 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 | $419,797 |
| Pension plan accruals and contributions | $5,604 |
| Other employee benefits | $0 |
| Payroll taxes | $32,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $12,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,247 |
| Office expenses | $15,697 |
| Information technology | $9,085 |
| Royalties | $0 |
| Occupancy | $41,799 |
| Travel | $218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,119 |
| Interest | $56,535 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,917 |
| Insurance | $30,077 |
| All other expenses | $74,890 |
| Total functional expenses | $1,109,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,343 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,152 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,917 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,770,409 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $187,564 |
| Total assets | $2,090,385 |
| Accounts payable and accrued expenses | $88,993 |
| Grants payable | $0 |
| Deferred revenue | $23,178 |
| 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 | $1,119,541 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $187,564 |
| Total liabilities | $1,419,276 |
| Net assets without donor restrictions | $656,419 |
| Net assets with donor restrictions | $14,690 |
| 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 | $2,090,385 |