Prestwood Country Club
- Assets
- $235.3k
- Revenue
- $252.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Hartsville, SC
- Founding
- 02/1968
- Data as of
- 12/2021
- EIN
- 57-0443737
Organization Overview
Prestwood Country Club is located in Hartsville, SC. The organization was established in 1968. As of 12/2021, Prestwood Country Club employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prestwood 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 12/2021, Prestwood Country Club generated $252.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $229.2k during the year ending 12/2021. While expenses have increased by 5.6% 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
SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF CLUB FOR APPROXIMATELY 190 MEMBER FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Alexander Treasurer | Officer | 5 | $0 |
Trey Atkinson Vice President | Officer | 5 | $0 |
Brittany Munn Secretary | Officer | 5 | $0 |
Kelly Little Director | Trustee | 5 | $0 |
Cal Wheeler President | Trustee | 5 | $0 |
Donnie Auman Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $217,965 |
| 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 | $217,965 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,375 |
| 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 | $252,340 |
| 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 | $1,950 |
| 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 | $72,073 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,004 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,335 |
| 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 | $0 |
| 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 | $17,877 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,236 |
| Insurance | $10,970 |
| All other expenses | $72,468 |
| Total functional expenses | $229,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,677 |
| 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 | $187,683 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,945 |
| Other assets | $0 |
| Total assets | $235,305 |
| 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 | $0 |
| Secured mortgages and notes payable | $289,170 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $289,170 |
| Net assets without donor restrictions | $0 |
| 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 | -$53,865 |
| Total liabilities and net assets/fund balances | $235,305 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chapel Hill Country Club Inc Chapel Hill, NC | $14,564,200 | $9,647,234 |
Country Club Of Spartanburg Spartanburg, SC | $7,741,207 | $5,826,670 |
Lake Hickory Country Club Inc Hickory, NC | $6,558,678 | $5,457,620 |
Coosa Country Club Corp Rome, GA | $8,434,818 | $5,675,587 |
Prestwood Country Club Hartsville, SC | $235,305 | $252,340 |