Starmount Forest Country Club Inc is located in Greensboro, NC. The organization was established in 1989. 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, Starmount Forest Country Club Inc employed 336 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Starmount Forest 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, Starmount Forest Country Club Inc generated $8.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $6.7m during the year ending 12/2023. While expenses have increased by 3.3% 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
STARMOUNT FOREST COUNTRY CLUB, INC. IS A NOT-FOR-PROFIT SOCIAL ORGANIZATION WHICH PROVIDES RECREATIONAL ACTIVITIES FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STARMOUNT FOREST COUNTRY CLUB, INC. PROVIDES SOCIAL AND RECREATIONAL ACTIVITIES FOR ITS MEMBERS, INCLUDING GOLF, SWIMMING, TENNIS, DINING, AND SOCIAL EVENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Corbett President | OfficerTrustee | 2 | $0 |
Greg Brown Vice President | OfficerTrustee | 2 | $0 |
Scott Fowler Treasurer | OfficerTrustee | 2 | $0 |
John Barbee Secretary | OfficerTrustee | 2 | $0 |
Brad Penn Past President | OfficerTrustee | 2 | $0 |
Aprille Black Director | Trustee | 1 | $0 |
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 | $6,795,604 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $199,383 |
Net Gain/Loss on Asset Sales | -$2,196 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $1,275,548 |
Miscellaneous Revenue | $0 |
Total Revenue | $8,268,339 |
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. | $448,054 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,727,486 |
Pension plan accruals and contributions | $39,688 |
Other employee benefits | $185,901 |
Payroll taxes | $307,943 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,553 |
Fees for services: Accounting | $17,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $712 |
Office expenses | $38,608 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $680,877 |
Travel | $24,530 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $10,822 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $547,696 |
Insurance | $0 |
All other expenses | $326,097 |
Total functional expenses | $6,685,460 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,425,280 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,100,502 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $103,809 |
Prepaid expenses and deferred charges | $40,273 |
Net Land, buildings, and equipment | $3,956,458 |
Investments—publicly traded securities | $0 |
Investments—other securities | $15,000 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $106,288 |
Total assets | $7,747,610 |
Accounts payable and accrued expenses | $431,185 |
Grants payable | $0 |
Deferred revenue | $342,372 |
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 | $76,077 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $133,752 |
Total liabilities | $983,386 |
Net assets without donor restrictions | $6,764,224 |
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 | $7,747,610 |