Thornblade Club Inc
- Assets
- $15.1m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 167
- Location
- Greer, SC
- Founding
- 06/1996
- Data as of
- 03/2022
- EIN
- 57-0892854
Organization Overview
Thornblade Club Inc is located in Greer, SC. The organization was established in 1996. 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 03/2022, Thornblade Club Inc employed 167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thornblade 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 03/2022, Thornblade Club Inc generated $8.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $7.7m during the year ending 03/2022. While expenses have increased by 1.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A PRIVATE CLUB FOCUSED ON ESTABLISHING A SOCIAL ENVIRONMENT TO ENCOURAGE PARTICIPATION IN AND ENJOYMENT OF VARIOUS PHYSICAL EXERCISES AND ATHLETIC ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OPERATE AS A TRADITIONAL COUNTRY CLUB IN ALL ASPECTS OF THE BUSINESS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saeed Assadzandi General Manager/coo | Officer | 40 | $219,190 |
Kyle Callahan Director Of Course & Groun | Officer | 40 | $169,750 |
Jessica Clark Director Of Membership | 40 | $135,777 | |
Richard King Director Of Tennis | 40 | $131,463 | |
Bryan Lindsay Director Of F&b | 40 | $102,871 | |
Dr Jason Woodard Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tom Hoch Interior Design Architectural Design | 3/30/19 | $350,000 |
The Willingham Company Design Services | 3/30/19 | $137,713 |
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 | $7,593,919 |
| Investment income | $5,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $312,400 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,196,454 |
| 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. | $381,324 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,258,241 |
| Pension plan accruals and contributions | $50,082 |
| Other employee benefits | $421,245 |
| Payroll taxes | $247,231 |
| Fees for services: Management | $34,351 |
| Fees for services: Legal | $58,637 |
| 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 | $277,838 |
| Advertising and promotion | $25,091 |
| Office expenses | $45,252 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $454,386 |
| Travel | $24,216 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $252,292 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,049,281 |
| Insurance | $124,986 |
| All other expenses | $776,798 |
| Total functional expenses | $7,748,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $797,393 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $445,293 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $211,953 |
| Inventories for sale or use | $417,892 |
| Prepaid expenses and deferred charges | $86,850 |
| Net Land, buildings, and equipment | $13,178,723 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,138,104 |
| Accounts payable and accrued expenses | $1,117,309 |
| Grants payable | $0 |
| Deferred revenue | $24,285 |
| 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 | $1,186,333 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,344,428 |
| Total liabilities | $9,672,355 |
| Net assets without donor restrictions | $4,794,499 |
| Net assets with donor restrictions | $671,250 |
| 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 | $15,138,104 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ansley Golf Club Atlanta, GA | $48,365,690 | $21,052,650 |
Charlotte Country Club Inc Charlotte, NC | $46,999,419 | $24,642,018 |
Carolina Country Club Company Raleigh, NC | $25,311,282 | $14,725,345 |
Alpha Delta Pi Sorority Atlanta, GA | $18,755,038 | $19,005,623 |
Greenville Country Club Greenville, SC | $30,935,703 | $16,712,012 |
Dunwoody Country Club Inc Atlanta, GA | $25,487,572 | $16,307,962 |
Augusta Country Club Incorporated Augusta, GA | $39,567,278 | $12,683,205 |
Greensboro Country Club Incorporated Greensboro, NC | $22,272,638 | $13,710,701 |
Country Club Of Charleston Charleston, SC | $25,438,574 | $12,590,239 |
Forsyth Country Club Co Winstonsalem, NC | $21,426,181 | $13,216,757 |
Marietta Country Club Inc Marietta, GA | $17,982,979 | $11,841,718 |
Sea Pines Country Club Inc Hilton Head Island, SC | $17,466,961 | $9,158,172 |