Country Club Of Lexington
- Assets
- $3.8m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 91
- Location
- Lexington, SC
- Founding
- 03/1970
- Data as of
- 09/2022
- EIN
- 57-0478538
Organization Overview
Country Club Of Lexington is located in Lexington, SC. The organization was established in 1970. 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 09/2022, Country Club Of Lexington employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Country Club Of Lexington is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2022, Country Club Of Lexington generated $3.3m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $3.1m during the year ending 09/2022. While expenses have increased by 7.4% per year over the past 3 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
RECREATIONAL FACILITY FOR MEMBERS. THE ORGANIZATION HAS A GOLF COURSE, TENNIS COURTS, SWIMMING POOL AND RESTAURANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB HAS ABOUT 600 MEMBERS AT ALL TIMES DURING THE YEAR. MEMBERS AND THEIR GUEST CAN PLAY GOLF ON THE 18 HOLD COURSE. THE FACILITY INCLUDES A PRACTICE RANGE, PUTTING GREENS AND SHORT-GAME PRACTICE AREA.
THE CLUB ALSO HAS A RESTAURANT FOR THE MEMBERS AND THEIR GUESTS WHICH IS OPEN SIX DAYS PER WEEK.
THE CLUB ALSO HAS AN OLYMPIC-SIZE POOL AND TENNIS COURTS FOR MEMBERS AND THEIR GUESTS. THE POOL IS OPEN DURING THE SUMMER FROM JUNE THROUGH AUGUST. THE TENNIS COURTS ARE AVAILABLE YEAR ROUND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Williams COO | Officer | 40 | $110,000 |
Sam Cheatham Director | Trustee | 0 | $0 |
Mike Fox Director | Trustee | 0 | $0 |
Jim Joye Director | Trustee | 0 | $0 |
Steve Kernen Director | Trustee | 0 | $0 |
Justin Lyles Director | Trustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,751,319 |
| Investment income | $416 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,645 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $469,424 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,292,944 |
| 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. | $110,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,205,088 |
| Pension plan accruals and contributions | $25,532 |
| Other employee benefits | $154,585 |
| Payroll taxes | $4,819 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,938 |
| Fees for services: Accounting | $96,419 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,694 |
| Office expenses | $7,649 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,221 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $97,639 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $200,734 |
| Insurance | $41,927 |
| All other expenses | $270,814 |
| Total functional expenses | $3,119,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $564,196 |
| Savings and temporary cash investments | $87,793 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $372,924 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $250,127 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,531,615 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $489 |
| Total assets | $3,807,144 |
| Accounts payable and accrued expenses | $108,116 |
| Grants payable | $0 |
| Deferred revenue | $304,101 |
| 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 | $2,024,251 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,562 |
| Total liabilities | $2,445,030 |
| Net assets without donor restrictions | $1,362,114 |
| 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 | $3,807,144 |