Highlands Country Club Inc
- Assets
- $34.8m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 156
- Location
- Highlands, NC
- Founding
- 05/1985
- Data as of
- 12/2023
- EIN
- 56-1304056
Organization Overview
Highlands Country Club Inc is located in Highlands, NC. The organization was established in 1985. 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 12/2023, Highlands Country Club Inc employed 156 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highlands 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 12/2023, Highlands Country Club Inc generated $11.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $10.0m during the year ending 12/2023. While expenses have increased by 4.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL COUNTRY CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
NON-PROFIT COUNTRY CLUB PROVIDING GOLF, TENNIS, SWIMMING, HEALTH, AND DINING FACILITIES FOR ITS MEMBERS AND GUESTS ONLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President (sept - Dec) | OfficerTrustee | 2 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Vice President | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed President (jan - Aug) | OfficerTrustee | 2 | $0 |
Name Not Listed Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Green Tee Golf Inc Golf Course Improvements | 12/30/23 | $1,063,104 |
Superior Golf Maintenance Llc Employee Leasing | 12/30/23 | $210,927 |
Highlands Country Club Community Association Security Services | 12/30/23 | $162,613 |
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 | $9,911,754 |
| Investment income | $106,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,024 |
| Net Gain/Loss on Asset Sales | $3,523 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,013,589 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,045,340 |
| 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. | $918,669 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $40,556 |
| Other salaries and wages | $3,545,573 |
| Pension plan accruals and contributions | $176,369 |
| Other employee benefits | $300,628 |
| Payroll taxes | $483,080 |
| 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 | $5,000 |
| Fees for services: Other | $367,581 |
| Advertising and promotion | $0 |
| Office expenses | $1,077,430 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $659,117 |
| Travel | $64,213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $113,875 |
| Interest | $20,231 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,542,278 |
| Insurance | $113,830 |
| All other expenses | $10,111 |
| Total functional expenses | $10,037,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,428,923 |
| Savings and temporary cash investments | $3,768,305 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100,316 |
| Loans from Officers, Directors, or Controlling Persons | $14,590 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $284,999 |
| Inventories for sale or use | $946,181 |
| Prepaid expenses and deferred charges | $150,076 |
| Net Land, buildings, and equipment | $26,650,989 |
| Investments—publicly traded securities | $1,313,900 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,519 |
| Other assets | $91,202 |
| Total assets | $34,753,000 |
| Accounts payable and accrued expenses | $973,974 |
| Grants payable | $0 |
| Deferred revenue | $19,074,120 |
| 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 | $380,589 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $92,317 |
| Total liabilities | $20,521,000 |
| Net assets without donor restrictions | $14,232,000 |
| 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 | $34,753,000 |