Starmount Forest Country Club Inc
- Assets
- $7.7m
- Revenue
- $8.3m
- Investments
- $15.0k
- Employees
- 336
- Location
- Greensboro, NC
- Founding
- 05/1989
- Data as of
- 12/2023
- EIN
- 56-1636258
Organization Overview
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.
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Board, Officers & Key Employees
| 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 |
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 | $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 |