Beech Mountain Club
- Assets
- $9.1m
- Revenue
- $623.5k
- Investments
- $0.0
- Employees
- 131
- Location
- Beech Mountain, NC
- Founding
- 10/1985
- Data as of
- 12/2023
- EIN
- 56-6151827
Organization Overview
Beech Mountain Club is located in Beech Mountain, NC. The organization was established in 1985. 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 12/2023, Beech Mountain Club employed 131 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beech Mountain Club 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, Beech Mountain Club generated $623.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $733.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (18.0%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL AND RECREATIONAL ACTIVITIES FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF: PROVIDING A WELL MAINTAINED 18 HOLE GOLF FACILITY AND PRACTICE FACILITIES FOR THE RECREATIONAL AND SOCIAL ENJOYMENT OF CLUB MEMBERS AND THEIR GUESTS.
FOOD SERVICES: PROVIDING A VARIETY OF FOOD AND BEVERAGE SERVICE OUTLETS FROM FINE DINING TO SNACK BARS WITH A VARIETY OF MENUS AND ITEMS INTENDED TO SATISFY THE SOCIAL NEEDS AND DESIRES OF CLUB MEMBERS AND THEIR GUESTS.
TENNIS AND OTHER SERVICES: PROVIDING TEN CLAY COURTS FOR THE RECREATIONAL AND SOCIAL ENJOYMENT OF CLUB MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Barnes Chief Operating Officer | OfficerTrustee | 40 | $58,786 |
Jerry Andrieszyn Chief Financial Officer | Trustee | 40 | $19,615 |
Craig Hunter Director | Trustee | 2 | $0 |
Matt Bernhardt Director | Trustee | 2 | $0 |
Vivian Lager Director | Trustee | 2 | $0 |
Diane Lorenzo Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $474,920 |
| 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 | $474,920 |
| Total Program Service Revenue | $117,560 |
| Investment income | $1,401 |
| 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 | $29,596 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $623,477 |
| 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 | $297,887 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $58,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,541 |
| Advertising and promotion | $0 |
| Office expenses | $10,408 |
| 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 | $12,849 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,423 |
| Insurance | $23,498 |
| All other expenses | $24,948 |
| Total functional expenses | $733,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,014,380 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,399 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $194,437 |
| Prepaid expenses and deferred charges | $150,875 |
| Net Land, buildings, and equipment | $6,612,944 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,162 |
| Total assets | $9,055,197 |
| Accounts payable and accrued expenses | $2,359,417 |
| 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 | $437,342 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $438,268 |
| Total liabilities | $3,235,027 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $400,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $5,420,170 |
| Total liabilities and net assets/fund balances | $9,055,197 |