North Ridge Country Club Inc
- Assets
- $21.8m
- Revenue
- $13.2m
- Investments
- $0.0
- Employees
- 406
- Location
- Raleigh, NC
- Founding
- 08/1980
- Data as of
- 12/2021
- EIN
- 56-0897144
Organization Overview
North Ridge Country Club Inc is located in Raleigh, NC. The organization was established in 1980. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, North Ridge Country Club Inc employed 406 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Ridge 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, North Ridge Country Club Inc generated $13.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $11.9m during the year ending 12/2021. While expenses have increased by 1.6% 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
PRIVATE SOCIAL CLUB OPERATING FOR THE RECREATIONAL AND SOCIAL PURPOSES OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE - PROVIDES ENTERTAINMENT FOR MEMBERS THROUGH GOLF OPERATIONS.
CLUBHOUSE/DINING ROOM/LOUNGE - PROVIDES FOOD AND BEVERAGES FOR MEMBER SOCIAL GATHERINGS.
TENNIS/POOL FACILITIES - PROVIDES ENTERTAINMENT FOR MEMBERS THROUGH SWIMMING AND TENNIS OPERATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Earley General Manager/coo | Officer | 60 | $203,477 |
Scott Kirkland Director Of Golf | 50 | $181,890 | |
Charles Sheffield Director Of Golf Course Ma | 50 | $176,578 | |
Pete Kruyer Director Of Finance | Officer | 50 | $145,980 |
Alice Harper Assistant General Manager | 50 | $119,804 | |
Christian Welte Tennis Instructor | 50 | $116,798 |
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 | $9,563,752 |
| Investment income | $1,710 |
| 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 | $1,637,844 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,220,578 |
| 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 | $5,374,673 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $758,923 |
| Payroll taxes | $422,017 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $182,294 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,717 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,140,000 |
| Insurance | $101,108 |
| All other expenses | $1,504,954 |
| Total functional expenses | $11,948,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,502,306 |
| Savings and temporary cash investments | $1,230,839 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $607,721 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $446,028 |
| Prepaid expenses and deferred charges | $194,016 |
| Net Land, buildings, and equipment | $15,802,882 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,783,792 |
| Accounts payable and accrued expenses | $1,747,100 |
| Grants payable | $0 |
| Deferred revenue | $802,088 |
| 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 | $1,271,474 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $328,687 |
| Total liabilities | $4,149,349 |
| Net assets without donor restrictions | $17,634,443 |
| 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 | $21,783,792 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Landings Club Inc Savannah, GA | $76,235,389 | $43,044,375 |
Myers Park Country Club Inc Charlotte, NC | $50,316,696 | $16,086,490 |
Bellehaven Country Club Inc Alexandria, VA | $40,402,944 | $17,085,559 |
North Ridge Country Club Inc Raleigh, NC | $21,783,792 | $13,220,578 |
George Walton Academy Inc Monroe, GA | $18,498,422 | $12,032,755 |
Willow Oaks Country Club Inc Richmond, VA | $15,889,652 | $10,037,529 |
Forest Lake Club Columbia, SC | $17,782,694 | $10,657,455 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
Eagle Point Golf Club Inc Wilmington, NC | $18,431,345 | $8,325,446 |
Dataw Island Club Inc Beaufort, SC | $27,067,751 | $8,525,272 |
Wade Hampton Golf Club Inc Cashiers, NC | $23,418,026 | $9,280,278 |
Kinloch Golf Association Corp ManakinSabot, VA | $45,313,161 | $8,251,750 |