Gaffney Country Club Inc
- Assets
- $49.9k
- Revenue
- $127.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Blacksburg, SC
- Founding
- 01/2002
- Data as of
- 05/2020
- EIN
- 56-2259121
Organization Overview
Gaffney Country Club Inc is located in Blacksburg, SC. The organization was established in 2002. 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 05/2020, Gaffney Country Club Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gaffney 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 05/2020, Gaffney Country Club Inc generated $127.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $127.3k during the year ending 05/2020. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
A PLACE TO PROVIDE MEMBERS WITH A SOCIAL ENVIROMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
COUNTRY CLUB WHICH PROVIDES MEMBERS WITH A SOCIAL ENVIROMENT
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Darr President | Officer | 0 | $0 |
Chris Wood Manager | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,035 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $127,515 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $41,673 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $50 |
| Office expenses | $2,218 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,360 |
| Insurance | $2,111 |
| All other expenses | $0 |
| Total functional expenses | $127,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1,254 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,859 |
| Accounts payable and accrued expenses | $22,240 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,240 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $27,619 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Landings Club Inc Savannah, GA | $76,235,389 | $43,044,375 |
Myers Park Country Club Inc Charlotte, NC | $50,316,696 | $16,086,490 |
North Ridge Country Club Inc Raleigh, NC | $21,783,792 | $13,220,578 |
George Walton Academy Inc Monroe, GA | $18,498,422 | $12,032,755 |
Forest Lake Club Columbia, SC | $17,782,694 | $10,657,455 |
Eagle Point Golf Club Inc Wilmington, NC | $18,431,345 | $8,325,446 |
Dataw Island Club Inc Beaufort, SC | $27,067,751 | $8,525,272 |
Wade Hampton Golf Club Inc Cashiers, NC | $23,418,026 | $9,280,278 |
Old Town Club Inc Winstonsalem, NC | $12,827,032 | $8,211,808 |
Vor Club Corporation Charlotte, NC | $8,365,754 | $7,496,900 |
Standard Club Johns Creek, GA | $15,932,702 | $5,650,853 |
Old Chatham Golf Club Durham, NC | $20,568,212 | $7,510,404 |