Charleston Golf Inc
- Assets
- $246.9k
- Revenue
- $67.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 08/1998
- Data as of
- 06/2022
- EIN
- 57-1025269
Organization Overview
Charleston Golf Inc is located in Charleston, SC. The organization was established in 1998. According to its NTEE Classification (N6A) the organization is classified as: Golf, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charleston Golf Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Charleston Golf Inc generated $67.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (29.4%) each year. All expenses for the organization totaled $111.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (24.0%) per year over the past 7 years. 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
MARKET THE CHARLESTON, SC AREA AS A GOLF DESTINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARLESTON GOLF, INC. PROMOTES THE GOLFING INDUSTRY IN THE CHARLESTON AREA THROUGH ADVERTISING, MEDIA RELATIONS, A WEBSITE, AND BY PROVIDING GOLF RESERVATION SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Riggs President | OfficerTrustee | 0 | $0 |
Kathleen Cartland Non-Voting Treasurer | OfficerTrustee | 18.75 | $0 |
Terry Sedalik Board Member | Trustee | 0 | $0 |
Helen Hill Non-Voting Board Member | Trustee | 0 | $0 |
Greg Wood Golf Board Member | Trustee | 0 | $0 |
Jeff Minton Lodging Board Member | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Mills House Wyndham Grand Lodging | 6/29/15 | $231,367 |
Lowe's Wild Dunes Investor's Lp Lodging | 6/29/15 | $119,346 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,669 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,169 |
| Total Program Service Revenue | $40,148 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,317 |
| 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 | $19,327 |
| Pension plan accruals and contributions | $1,185 |
| Other employee benefits | $3,689 |
| Payroll taxes | $1,469 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $47,720 |
| 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 | $83 |
| Interest | $6,310 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $78 |
| Total functional expenses | $111,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,911 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $246,911 |
| Accounts payable and accrued expenses | $2,142 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,142 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $246,911 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Junior Golf Association Braselton, GA | $10,685,034 | $16,403,049 |
Druid Hills Golf Club Atlanta, GA | $32,860,393 | $19,141,362 |
U S Kids Golf Foundation Inc Norcross, GA | $6,729,022 | $10,107,492 |
Spring Island Club Okatie, SC | $20,372,733 | $10,747,020 |
Carolinas Golf Association Southern Pines, NC | $7,201,901 | $7,597,187 |
Highlands Falls Country Club Inc Highlands, NC | $17,573,731 | $5,732,867 |
Bobby Jones Golf Course Foundation Inc Atlanta, GA | $34,301,946 | $5,982,805 |
Georgia State Golf Association Inc Atlanta, GA | $4,442,006 | $3,528,444 |
Youth Golf Foundation Of The Carolinas Charlotte, NC | $5,362,878 | $1,885,876 |
Charleston Junior Golf Foundation Mount Pleasant, SC | $1,783,502 | $1,695,074 |
South Carolina Golf Association Columbia, SC | $1,912,487 | $1,341,698 |
Southern Seniors Golf Association Marietta, GA | $554,613 | $1,105,501 |