Cherokee National Golf & Recreation Club Inc
- Assets
- $1.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 44
- Location
- Gaffney, SC
- Founding
- 09/1965
- Data as of
- 12/2022
- EIN
- 57-0468965
Organization Overview
Cherokee National Golf & Recreation Club Inc is located in Gaffney, SC. The organization was established in 1965. 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, Cherokee National Golf & Recreation Club Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cherokee National Golf & Recreation Club Inc 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, Cherokee National Golf & Recreation Club Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $931.9k during the year ending 12/2022. While expenses have increased by 3.0% 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
MEMBERS BENEFITS/SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEMBERS FULL COUNTRY CLUB FACILITIESINCLUDING GOLF,SWIMMING AND SOCIAL ACTIVITIES ANDGENERATE REVENUE THROUGH DUES AND GOLF FEES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Wilkins Director | Trustee | 0 | $0 |
Billy Clarkson Director | Trustee | 0 | $0 |
Craig Sobol Director | Trustee | 0 | $0 |
Will Coggins Director | Trustee | 0 | $0 |
Jayson Blanton Director | Trustee | 0 | $0 |
Eric Blanton Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $651,977 |
| 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 | $651,977 |
| Total Program Service Revenue | $66,200 |
| Investment income | $207 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $215,257 |
| Net Gain/Loss on Asset Sales | $178,332 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,607 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,122,508 |
| 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 | $346,908 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,307 |
| Payroll taxes | $28,993 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,913 |
| 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 | $7,346 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,160 |
| Travel | $1,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,315 |
| Interest | $17,142 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,794 |
| Insurance | $22,898 |
| All other expenses | $0 |
| Total functional expenses | $931,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,211 |
| Savings and temporary cash investments | $381,316 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,389 |
| Prepaid expenses and deferred charges | $4,129 |
| Net Land, buildings, and equipment | $1,061,563 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,267 |
| Total assets | $1,493,125 |
| Accounts payable and accrued expenses | $103,168 |
| Grants payable | $0 |
| Deferred revenue | $22,680 |
| 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 | $815,780 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $941,628 |
| Net assets without donor restrictions | $551,497 |
| 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 | $1,493,125 |