Croasdaile Country Club Inc
- Assets
- $7.6m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 116
- Location
- Durham, NC
- Founding
- 11/1995
- Data as of
- 12/2022
- EIN
- 56-1388110
Organization Overview
Croasdaile Country Club Inc is located in Durham, NC. The organization was established in 1995. 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, Croasdaile Country Club Inc employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Croasdaile 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 12/2022, Croasdaile Country Club Inc generated $4.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $4.0m during the year ending 12/2022. While expenses have increased by 3.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SOCIAL AND RECREATIONAL ACTIVITIES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SOCIAL AND RECREATIONAL ACTIVITIES FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Carstens President | Officer | 6 | $0 |
Rick Stallings Vice President | Officer | 5 | $0 |
Stephen Arrowood Club Secretary | Officer | 4 | $0 |
Alice Gould Club Treasurer | Officer | 4 | $0 |
Tim Liston Controller | Officer | 32 | $90,153 |
Mark Johnson General Manager | Officer | 40 | $156,851 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,000 |
| Related organizations | $0 |
| Government grants | $628,053 |
| 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 | $635,053 |
| Total Program Service Revenue | $3,129,683 |
| Investment income | $1,108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$16,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,199,324 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,949,485 |
| 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. | $253,682 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,753,838 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $91,534 |
| Payroll taxes | $165,875 |
| 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 | $117,064 |
| Advertising and promotion | $60,148 |
| Office expenses | $57,909 |
| Information technology | $7,630 |
| Royalties | $0 |
| Occupancy | $270,828 |
| Travel | $8,239 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $124,629 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $265,930 |
| Insurance | $52,698 |
| All other expenses | $98,346 |
| Total functional expenses | $3,962,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $398,828 |
| Savings and temporary cash investments | $873,582 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $568,635 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $157,866 |
| Prepaid expenses and deferred charges | $25,330 |
| Net Land, buildings, and equipment | $5,517,901 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $11,850 |
| Other assets | $0 |
| Total assets | $7,553,992 |
| Accounts payable and accrued expenses | $191,181 |
| Grants payable | $0 |
| Deferred revenue | $142,877 |
| 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 | $2,431,491 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $800,069 |
| Total liabilities | $3,565,618 |
| Net assets without donor restrictions | $0 |
| 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 | $1,345,770 |
| Retained earnings, endowment, accumulated income, or other funds | $2,642,604 |
| Total liabilities and net assets/fund balances | $7,553,992 |