String & Splinter Club Inc
- Assets
- $609.2k
- Revenue
- $692.4k
- Investments
- $0.0
- Employees
- 53
- Location
- High Point, NC
- Founding
- 08/1958
- Data as of
- 12/2022
- EIN
- 56-6015164
Organization Overview
String & Splinter Club Inc is located in High Point, NC. The organization was established in 1958. 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 12/2022, String & Splinter Club Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. String & Splinter 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, String & Splinter Club Inc generated $692.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $698.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SOCIAL CLUB FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A SOCIAL CLUB FOR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colin Merritt Vp/treasurer | OfficerTrustee | 0 | $0 |
Bob Brinson Secretary | OfficerTrustee | 0 | $0 |
Leigh Ann Venable Board Member | Trustee | 0 | $0 |
Sheri Simon Board Member | Trustee | 0 | $0 |
Ben Adams Board Member | Trustee | 0 | $0 |
Mark Furr Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $325,274 |
| 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 | $325,274 |
| Total Program Service Revenue | $0 |
| Investment income | $441 |
| 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 | $366,657 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $692,372 |
| 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 | $396,232 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,381 |
| Payroll taxes | $31,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,547 |
| Office expenses | $7,370 |
| Information technology | $15,109 |
| Royalties | $0 |
| Occupancy | $24,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $878 |
| Interest | $4,747 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,470 |
| Insurance | $18,896 |
| All other expenses | $48,510 |
| Total functional expenses | $698,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,204 |
| Savings and temporary cash investments | $91,543 |
| Pledges and grants receivable | $132,472 |
| Accounts receivable, net | $125,025 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,378 |
| Prepaid expenses and deferred charges | $13,946 |
| Net Land, buildings, and equipment | $90,364 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,295 |
| Total assets | $609,227 |
| Accounts payable and accrued expenses | $31,761 |
| 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 | $69,843 |
| Other liabilities | $19,255 |
| Total liabilities | $120,859 |
| Net assets without donor restrictions | $488,368 |
| 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 | $609,227 |