Highlands Falls Country Club Inc
- Assets
- $17.6m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 98
- Location
- Highlands, NC
- Founding
- 08/2008
- Data as of
- 10/2021
- EIN
- 56-1184946
Organization Overview
Highlands Falls Country Club Inc is located in Highlands, NC. The organization was established in 2008. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. As of 10/2021, Highlands Falls Country Club Inc employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highlands Falls 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 10/2021, Highlands Falls Country Club Inc generated $5.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $5.5m during the year ending 10/2021. While expenses have increased by 5.5% per year over the past 6 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
TO PROVIDE SOCIAL ACTIVITIES FOR MEMBERS THROUGH GOLF AND DINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED AND OPERATED AN 18-HOLE GOLF COURSE, DINING FACILITIES, FITNESS CENTER, CLUBHOUSE, SWIMMING POOL, TENNIS COURTS, AND GOLF PRO SHOP FOR CLUB MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Macaulay General Manager | Officer | 60 | $288,917 |
Fred Gehrisch Golf Course Super | 50 | $152,070 | |
Allen Chandler Golf Pro | 50 | $102,914 | |
Lucinda Cannon Vice President (rotated Off) | OfficerTrustee | 2 | $0 |
Ray Michaels Treasurer (rotated Off) | OfficerTrustee | 2 | $0 |
Chuck Carver Treasurer (rotated On) | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southeastern Golf Inc Golf Course Renovation | 10/30/21 | $1,817,632 |
Macallan Works Clubhouse Renovations | 10/30/21 | $1,899,442 |
Traci Rhodes Interiors Clubhouse Furnishings | 10/30/21 | $306,231 |
Simmons Irrigation Golf Course Renovation | 10/30/21 | $165,837 |
Superior Golf Maintainance Leased Labor | 10/30/21 | $161,137 |
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 | $4,962,614 |
| Investment income | $313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,925 |
| Net Gain/Loss on Asset Sales | -$271 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $736,034 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,732,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $270,332 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,021,349 |
| Pension plan accruals and contributions | $39,023 |
| Other employee benefits | $131,923 |
| Payroll taxes | $245,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $371,013 |
| Advertising and promotion | $65,645 |
| Office expenses | $961,520 |
| Information technology | $44,934 |
| Royalties | $0 |
| Occupancy | $232,044 |
| Travel | $16,503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $581 |
| Interest | $274,234 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $712,961 |
| Insurance | $64,109 |
| All other expenses | $0 |
| Total functional expenses | $5,467,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,023 |
| Savings and temporary cash investments | $2,120,393 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $162,684 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $128,760 |
| Prepaid expenses and deferred charges | $104,160 |
| Net Land, buildings, and equipment | $14,826,711 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,573,731 |
| Accounts payable and accrued expenses | $237,369 |
| Grants payable | $0 |
| Deferred revenue | $2,701,940 |
| 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 | $6,949,530 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,888,839 |
| Net assets without donor restrictions | $7,684,892 |
| 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 | $17,573,731 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Junior Golf Association Braselton, GA | $10,685,034 | $16,403,049 |
Druid Hills Golf Club Atlanta, GA | $32,860,393 | $19,141,362 |
U S Kids Golf Foundation Inc Norcross, GA | $6,729,022 | $10,107,492 |
Spring Island Club Okatie, SC | $20,372,733 | $10,747,020 |
Carolinas Golf Association Southern Pines, NC | $7,201,901 | $7,597,187 |
Highlands Falls Country Club Inc Highlands, NC | $17,573,731 | $5,732,867 |
Bobby Jones Golf Course Foundation Inc Atlanta, GA | $34,301,946 | $5,982,805 |
Georgia State Golf Association Inc Atlanta, GA | $4,442,006 | $3,528,444 |
Virginia State Golf Association Inc Midlothian, VA | $3,471,487 | $3,409,263 |
Tennessee Golf Association Inc Franklin, TN | $4,139,217 | $1,862,884 |
Middle Atlantic Section Stafford, VA | $5,763,398 | $2,084,524 |
Youth Golf Foundation Of The Carolinas Charlotte, NC | $5,362,878 | $1,885,876 |