Spring Valley Country Club
- Assets
- $1.8m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 103
- Location
- Columbia, SC
- Founding
- 08/1965
- Data as of
- 04/2023
- EIN
- 57-0423843
Organization Overview
Spring Valley Country Club is located in Columbia, SC. The organization was established in 1965. 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, Spring Valley Country Club employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring Valley Country Club 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, Spring Valley Country Club generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $2.7m during the year ending 04/2023. While expenses have increased by 4.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S EXEMPT PURPOSE IS TO ESTABLISH AND MAINTAIN CLUB FACILITIES FOR IT'S MEMBERS AND GUESTS.MISSION STATEMENT:SPRING VALLEY COUNTRY CLUB IS COMMITTED TO EXCELLENCE IN THE SERVICE TO OUR MEMBERS. WE ARE A FAMILY-ORIENTED, FULL-SERVICE CLUB. WE WILL STRIVE TO PROVIDE THE HIGHEST QUALITY SERVICE AND THE HIGHEST QUALITY FACILITIES. OUR MISSION IS TO PROMOTE A SENSE OF COMMUNITY FOR EVERYONE ASSOCIATED WITH SPRING VALLEY COUNTRY CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF:TO PROVIDE THE CLUB'S MEMBERS AND THEIR GUESTS AN ENJOYABLE GOLFING EXPERIENCE. THE CLUB'S REVENUE IS SUPPORTED MOSTLY BY DUES, CART FEES, AND GREEN FEES CHARGED TO MEMBERS AND THEIR GUESTS FOR ROUNDS OF GOLF PLAYED DURING THE YEAR. THE CLUB ALSO HELD MEMBER TOURNAMENTS AND OTHER CHARITABLE TOURNAMENTS THROUGHOUT THE YEAR THAT SUPPORTS THE GOLF INCOME. A SHOP PROVIDES DISCOUNTED MERCHANDISE FOR MEMBERS.DUES AND GENERAL ADMINISTRATIVE EXPENSES ARE NOT ALLOCATED AMONG THE PROGRAMS.
FOOD & BEVERAGE:TO PROVIDE THE CLUB'S MEMBERS AND THEIR GUESTS WITH AN EXCELLENT DINING EXPERIENCE. THE CLUB'S DINING REVENUE IS SUPPORTED BY THE MEALS SERVED IN THE DINING ROOM, SPECIAL EVENTS, THE 19TH HOLE, AND THE SNACK BAR. THE CLUB'S DINING ROOM SERVES A BUFFET ON ONE EVENING EACH MONTH, SUNDAY BRUNCH ONCE A MONTH, AND MENU ORDERS ON FRIDAY NIGHTS. THE BAR AREA IS OPEN FOR PUB TYPE DINING ON WEDNESDAY NIGHTS. IN ADDITION, THE CLUB HOLDS SPECIAL EVENTS THROUGHOUT THE YEAR SUCH AS BANQUETS AND WEDDINGS. THE CLUB ALSO HAS A 19TH HOLE BAR & GRILL TO SERVE IT'S MEMBERS AND GUESTS WHILE PLAYING GOLF OR TENNIS. THE 19TH HOLE OFFERS BREAKFAST ON SATURDAY AND SUNDAY MORNINGS AND A SMALL BUFFET ON MOST SUNDAYS. DURING THE SUMMER THE CLUB OFFERS A SNACK BAR WHEN THE SWIMMING POOL IS OPEN.DUES AND GENERAL ADMINISTRATIVE EXPENSES ARE NOT ALLOCATED AMONG THE PROGRAMS.
TENNIS & SWIMMING:TO PROVIDE THE CLUB'S MEMBERS AND THEIR GUESTS WITH AN OUTSTANDING TENNIS AND SWIMMING EXPERIENCE. THE CLUB'S TENNIS AND SWIMMING REVENUE IS SUPPORTED BY DIRECT DUES AND GUEST FEES. THE TENNIS FACILITIES ARE AVAILABLE TO THE MEMBERS AND GUESTS EVERYDAY AND THE SWIMMING POOL IS OPEN FIVE MONTHS DURING THE SUMMER.DUES AND GENERAL ADMINISTRATIVE EXPENSES ARE NOT ALLOCATED AMONG THE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Fogarty VP Sports | Officer | 0.5 | $0 |
Jonathan Strauss Secretary/treasurer | Officer | 10 | $0 |
John Sullivan President | Officer | 1 | $0 |
David Pittman VP Membership | Officer | 0.5 | $0 |
Jake Meggs VP House | Officer | 1 | $0 |
Scott Hagler Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,417,302 |
| 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 | $1,417,302 |
| Total Program Service Revenue | $1,456,302 |
| Investment income | $358 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,715 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,941,440 |
| 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 | $889,663 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,617 |
| Payroll taxes | $75,834 |
| Fees for services: Management | $1,230 |
| 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 | $56,683 |
| Advertising and promotion | $0 |
| Office expenses | $21,480 |
| 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 | $65,266 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,097 |
| Insurance | $82,927 |
| All other expenses | $549,490 |
| Total functional expenses | $2,741,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $419,889 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $314,250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $114,857 |
| Prepaid expenses and deferred charges | $57,028 |
| Net Land, buildings, and equipment | $894,365 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,219 |
| Total assets | $1,803,608 |
| Accounts payable and accrued expenses | $191,565 |
| Grants payable | $0 |
| Deferred revenue | $256,512 |
| 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 | $1,385,305 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $64,965 |
| Total liabilities | $1,898,347 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $518,650 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$613,389 |
| Total liabilities and net assets/fund balances | $1,803,608 |