The Fermata Club
- Assets
- $1.2m
- Revenue
- $192.3k
- Investments
- $0.0
- Employees
- 16
- Location
- Aiken, SC
- Founding
- 06/1954
- Data as of
- 02/2022
- EIN
- 57-0335225
Organization Overview
The Fermata Club is located in Aiken, SC. The organization was established in 1954. 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 02/2022, Fermata Club employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fermata Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 02/2022, Fermata Club generated $192.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $144.5k during the year ending 02/2022. While expenses have increased by 2.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SWIM AND TENNIS CLUB SERVING FAMILIES IN AND NEAR AIKEN SC AND PRESERVATION OF HISTORIC CLUB PROPERTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER / PUBLIC SERVICES, POOL AND SWIMMING SWIMMING FOR 150 MEMBER FAMILIES, SWIM LESSONS FOR OVER 300 CHILDREN/ADULTS. CMPETITIVE SWIM TEAM FOR MEMBER FAMILIES AND VENUE FOR LOCAL HIGH SCHOOL AND REGIONAL SWIM TEAMS.
MEMBER / PUBLIC SERVICES - EVENTS, CAMPS AND AEROBIC PRESERVATION OF AN HISTORIC BUILDING EVENTS AND ACTIVITIES FOR MEMBERS, SOICAL AND CIVIC ORGANIZATIONS.
MEMBER / PUBLIC SERVICES, TENNIS USTA SANCTIONED FACILITY AND LEAGUES FOR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pagie Rabon Secretary | OfficerTrustee | 20 | $0 |
Karen Skiff Treasurer | OfficerTrustee | 20 | $0 |
Brooke Thomas Vice Chairperson | OfficerTrustee | 5 | $0 |
Chris Craven Chairperson | OfficerTrustee | 5 | $0 |
Robert Abshire Board Member | Trustee | 5 | $0 |
Jo Ann Brooks Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $117,881 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,031 |
| Total Program Service Revenue | $62,665 |
| Investment income | $13 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,540 |
| 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 | $192,309 |
| 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 | $28,681 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,403 |
| 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 | $477 |
| Office expenses | $2,481 |
| 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 | $12,696 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,382 |
| Insurance | $9,498 |
| All other expenses | $27,009 |
| Total functional expenses | $144,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,810 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,120,846 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $856 |
| Total assets | $1,174,512 |
| Accounts payable and accrued expenses | $0 |
| 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 | $28,313 |
| Secured mortgages and notes payable | $232,082 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $260,395 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $14,672 |
| Paid-in or capital surplus, or land, building, or equipment fund | $899,445 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,174,512 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Fermata Club has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
United States Tennis Association Inc White Plains, NY PURPOSE: Court Line Grant | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Landings Club Inc Savannah, GA | $76,235,389 | $43,044,375 |
Myers Park Country Club Inc Charlotte, NC | $50,316,696 | $16,086,490 |
North Ridge Country Club Inc Raleigh, NC | $21,783,792 | $13,220,578 |
George Walton Academy Inc Monroe, GA | $18,498,422 | $12,032,755 |
Forest Lake Club Columbia, SC | $17,782,694 | $10,657,455 |
Eagle Point Golf Club Inc Wilmington, NC | $18,431,345 | $8,325,446 |
Dataw Island Club Inc Beaufort, SC | $27,067,751 | $8,525,272 |
Wade Hampton Golf Club Inc Cashiers, NC | $23,418,026 | $9,280,278 |
Old Town Club Inc Winstonsalem, NC | $12,827,032 | $8,211,808 |
Vor Club Corporation Charlotte, NC | $8,365,754 | $7,496,900 |
Standard Club Johns Creek, GA | $15,932,702 | $5,650,853 |
Old Chatham Golf Club Durham, NC | $20,568,212 | $7,510,404 |