Poinsett Club
- Assets
- $4.4m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 65
- Location
- Greenville, SC
- Founding
- 04/1953
- Data as of
- 12/2021
- EIN
- 57-0227800
Organization Overview
Poinsett Club is located in Greenville, SC. The organization was established in 1953. 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 12/2021, Poinsett Club employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Poinsett Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Poinsett Club generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $4.2m during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVISION OF FINE FOOD, EXCELLENT SERVICE AND OUTSTANDING VALUE TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAMED A PLATINUM CLUB OF THE WORLD SINCE 2020, IN ADDITION TO A PLATINUM CLUB OF AMERICA SINCE 2003, THE POINSETT CLUB IS CLASSIFIED AS ONE OF ONLY 35 FIVE-STAR PRIVATE CLUBS IN THE UNITED STATES. DURING THE CURRENT YEAR, THE CLUB SERVICED APPROXIMATELY 1,237 MEMBERS.
NAMED A PLATINUM CLUB OF THE WORLD SINCE 2020, IN ADDITION TO A PLATINUM CLUB OF AMERICA SINCE 2003, THE POINSETT CLUB IS CLASSIFIED AS ONE OF ONLY 35 FIVE-STAR PRIVATE CLUBS IN THE UNITED STATES. DURING THE CURRENT YEAR, THE CLUB SERVICED APPROXIMATELY 1,237 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Reeder Gm/coo | Officer | 50 | $315,213 |
Keith C Barksdale Secretary | OfficerTrustee | 1 | $0 |
Gary F Caldwell President El | OfficerTrustee | 1 | $0 |
Charles D Legrand Vice Preside | OfficerTrustee | 1 | $0 |
Ben K Norwood III President | OfficerTrustee | 1 | $0 |
Andrew G Mcdonald Immed Past P | OfficerTrustee | 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 | $489,030 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $489,030 |
| Total Program Service Revenue | $4,084,408 |
| Investment income | $6,962 |
| 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 | $4,664,478 |
| 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. | $327,264 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $345,062 |
| Pension plan accruals and contributions | $34,982 |
| Other employee benefits | $101,772 |
| Payroll taxes | $88,626 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $48,198 |
| Information technology | $31,092 |
| Royalties | $0 |
| Occupancy | $163,396 |
| Travel | $14,608 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103,239 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $331,305 |
| Insurance | $79,514 |
| All other expenses | $47,682 |
| Total functional expenses | $4,207,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,000 |
| Savings and temporary cash investments | $916,611 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,197,178 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $198,880 |
| Prepaid expenses and deferred charges | $46,249 |
| Net Land, buildings, and equipment | $2,038,898 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,399,816 |
| Accounts payable and accrued expenses | $443,288 |
| Grants payable | $0 |
| Deferred revenue | $306,440 |
| 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 | $126,500 |
| Total liabilities | $876,228 |
| Net assets without donor restrictions | $3,523,588 |
| 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 | $4,399,816 |
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