Eagle Point Golf Club Inc
- Assets
- $20.7m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 133
- Location
- Wilmington, NC
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 56-2101179
Organization Overview
Eagle Point Golf Club Inc is located in Wilmington, NC. The organization was established in 1999. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Eagle Point Golf Club Inc employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eagle Point Golf 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, Eagle Point Golf Club Inc generated $8.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $9.3m during the year ending 12/2022. While expenses have increased by 5.8% 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 OPERATE AND MAINTAIN A PRIVATE CLUB CONSISTING OF GOLF AND ENTERTAINMENT FACILITIES, INCLUDING OVERNIGHT GOLF COTTAGE ACCOMMODATIONS FOR USE BY MEMBERS AND THEIR GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECREATIONAL ACTIVITIES FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John G B Ellison Jr Vice-President | OfficerTrustee | 1 | $0 |
Robert E Long Jr Co-President | OfficerTrustee | 1 | $0 |
Cecil Worsley III Treasurer | OfficerTrustee | 1 | $0 |
John Townsend Co-President | OfficerTrustee | 1 | $0 |
John W Gussenhoven Member At Large | Trustee | 1 | $0 |
Dan Smith Member At Large | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bridgett Mazer Interiors Redecorating | 12/30/19 | $302,707 |
Brooks Pierce Mclendon Llp Legal Services | 12/30/19 | $142,034 |
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 | $7,745,383 |
| Investment income | $6,475 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $488,606 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,297,627 |
| 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. | $603,261 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,245,821 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $409,185 |
| Payroll taxes | $259,179 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,333 |
| Fees for services: Accounting | $44,342 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100,460 |
| Advertising and promotion | $0 |
| Office expenses | $116,436 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $261,644 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $294,421 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,207,307 |
| Insurance | $274,967 |
| All other expenses | $241,227 |
| Total functional expenses | $9,268,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,810,785 |
| Savings and temporary cash investments | $10,114 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $630,442 |
| Loans from Officers, Directors, or Controlling Persons | $58,196 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $117,481 |
| Prepaid expenses and deferred charges | $619,714 |
| Net Land, buildings, and equipment | $16,028,839 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,409,073 |
| Total assets | $20,684,644 |
| Accounts payable and accrued expenses | $406,274 |
| Grants payable | $0 |
| Deferred revenue | $130,828 |
| 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 | $6,311,532 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,202,736 |
| Total liabilities | $13,051,370 |
| Net assets without donor restrictions | $7,633,274 |
| 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 | $20,684,644 |