Country Club Of Landfall
- Assets
- $39.1m
- Revenue
- $22.2m
- Investments
- $0.0
- Employees
- 563
- Location
- Wilmington, NC
- Founding
- 03/1999
- Data as of
- 12/2023
- EIN
- 56-2088317
Organization Overview
Country Club Of Landfall is located in Wilmington, NC. The organization was established in 1999. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Country Club Of Landfall employed 563 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Country Club Of Landfall 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, Country Club Of Landfall generated $22.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $20.8m during the year ending 12/2023. While expenses have increased by 6.4% 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
TO ACQUIRE, MAINTAIN, MANAGE, AND OPERATE A PRIVATE CLUB, CONSISTING OF RECREATIONAL AND ENTERTAINMENT FACILITIES, INCLUDING GOLF COURSES, TENNIS COURTS, SWIMMING POOLS, CLUBHOUSES, MAINTENANCE BUILDINGS, AND EQUIPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECREATION AND ENTERTAINMENT
RECREATION AND ENTERTAINMENT
N/A
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Tierney President | OfficerTrustee | 1 | $0 |
Kathy Murchison Vice President | OfficerTrustee | 1 | $0 |
Lisa Hysko Treasurer | OfficerTrustee | 1 | $0 |
Jeffrey Sackrison Secretary | OfficerTrustee | 1 | $0 |
Jose Hernandez Director | Trustee | 1 | $0 |
Ken Johnson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carolinas Golf Course Maintenance Maintenance | 12/30/18 | $528,340 |
Carolinas Cleaning Servies Cleaning | 12/30/18 | $148,921 |
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 | $17,969,794 |
| Investment income | $129,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,005,723 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,161,359 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,695,504 |
| Pension plan accruals and contributions | $160,204 |
| Other employee benefits | $687,337 |
| Payroll taxes | $700,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,097 |
| Fees for services: Accounting | $41,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,257,250 |
| Advertising and promotion | $49,712 |
| Office expenses | $538,760 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $444,699 |
| Travel | $26,080 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $370,054 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,836,918 |
| Insurance | $555,095 |
| All other expenses | $225,590 |
| Total functional expenses | $20,767,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,271,476 |
| Savings and temporary cash investments | $1,581,347 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,141,958 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $640,214 |
| Prepaid expenses and deferred charges | $428,044 |
| Net Land, buildings, and equipment | $30,470,560 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,531,607 |
| Total assets | $39,065,206 |
| Accounts payable and accrued expenses | $1,554,561 |
| Grants payable | $0 |
| Deferred revenue | $887 |
| 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 | $8,010,921 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,531,607 |
| Total liabilities | $12,097,976 |
| Net assets without donor restrictions | $26,967,230 |
| 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 | $39,065,206 |