Country Club Of Charleston
- Assets
- $23.9m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 224
- Location
- Charleston, SC
- Founding
- 01/1946
- Data as of
- 04/2023
- EIN
- 57-0147510
Organization Overview
Country Club Of Charleston is located in Charleston, SC. The organization was established in 1946. 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 04/2023, Country Club Of Charleston employed 224 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Country Club Of Charleston is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 04/2023, Country Club Of Charleston generated $9.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $8.6m during the year ending 04/2023. While expenses have increased by 1.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A FACILITY WHERE THE MEMBERS CAN ENJOY BOTH SOCIAL AND PHYSICAL ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COUNTRY CLUB OF CHARLESTON PROVIDES MEMBERS WITH ACCESS TO ITS GOLF COURSE, CLUBHOUSE, NEW AQUATICS AND WELLNESS FACILITIES, A GOLF SHOP AND AN ACTIVE TENNIS FACILITY. WITH A STORIED HISTORY AND TRADITIONS, THE CLUB IS ONE OF THE PREMIER GOLF CLUBS IN THE SOUTHEAST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Christie Ex-Officio | Trustee | 2 | $0 |
Frank Norvell President/strategic Planning | OfficerTrustee | 2 | $0 |
Brian Powers Vice President | OfficerTrustee | 2 | $0 |
Forrest Norvell Club Solicitor | OfficerTrustee | 2 | $0 |
Alex Andrews Director | Trustee | 2 | $0 |
Justin Boulware Director | Trustee | 2 | $0 |
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 | $11,064,006 |
| Investment income | $13,599 |
| 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 | -$1,400,692 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,686,461 |
| 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. | $955,618 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,883,430 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $179,103 |
| Payroll taxes | $219,303 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,643 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $169,539 |
| Advertising and promotion | $273 |
| Office expenses | $23,283 |
| Information technology | $27,854 |
| Royalties | $0 |
| Occupancy | $607,387 |
| Travel | $25,521 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $112,278 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,192,833 |
| Insurance | $588,282 |
| All other expenses | $1,306,249 |
| Total functional expenses | $8,634,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $717,350 |
| Savings and temporary cash investments | $2,571,479 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $709,778 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $332,790 |
| Prepaid expenses and deferred charges | $242,265 |
| Net Land, buildings, and equipment | $18,275,851 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,055,748 |
| Total assets | $23,905,261 |
| Accounts payable and accrued expenses | $950,390 |
| Grants payable | $0 |
| Deferred revenue | $170,140 |
| 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 | $3,822,430 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,140,432 |
| Total liabilities | $6,083,392 |
| Net assets without donor restrictions | $17,821,869 |
| 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 | $23,905,261 |