Piedmont Club
- Assets
- $9.3m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 111
- Location
- Spartanburg, SC
- Founding
- 01/1943
- Data as of
- 12/2022
- EIN
- 57-0226427
Organization Overview
Piedmont Club is located in Spartanburg, SC. The organization was established in 1943. 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, Piedmont Club employed 111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piedmont Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Piedmont Club generated $4.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $4.0m during the year ending 12/2022. While expenses have increased by 1.5% 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 PROVIDE FOR AND PROMOTE SOCIAL FELLOWSHIP FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE SOCIAL FELLOWSHIP, FURNISH A PLACE FOR MEETINGS AND AMUSEMENTS, AND PROVIDE MEALS AND REFRESHMENTS FOR MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Grier Bomar President | OfficerTrustee | 1 | $0 |
David M Beacham Vice President | OfficerTrustee | 1 | $0 |
Andrew M Babb Director | Trustee | 1 | $0 |
V C Bailey III Director | Trustee | 1 | $0 |
V C Bailey IV Director | Trustee | 1 | $0 |
John E Bauknight IV Director | Trustee | 1 | $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 | $4,049,252 |
| Investment income | $43,367 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$34,433 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,058,186 |
| 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. | $174,891 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,504,380 |
| Pension plan accruals and contributions | $27,055 |
| Other employee benefits | $213,425 |
| Payroll taxes | $134,518 |
| 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 | $64,632 |
| Advertising and promotion | $55,328 |
| Office expenses | $57,152 |
| Information technology | $26,643 |
| Royalties | $0 |
| Occupancy | $225,145 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,186 |
| Interest | $86,322 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $313,666 |
| Insurance | $44,612 |
| All other expenses | $101,684 |
| Total functional expenses | $4,014,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250 |
| Savings and temporary cash investments | $91,552 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $353,064 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $78,582 |
| Prepaid expenses and deferred charges | $74,978 |
| Net Land, buildings, and equipment | $6,719,086 |
| Investments—publicly traded securities | $1,735,544 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $229,983 |
| Total assets | $9,283,039 |
| Accounts payable and accrued expenses | $332,228 |
| Grants payable | $0 |
| Deferred revenue | $6,062 |
| 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 | $2,430,460 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $79,841 |
| Total liabilities | $2,848,591 |
| Net assets without donor restrictions | $6,434,448 |
| 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 | $9,283,039 |