Newnan Country Club
- Assets
- $4.1m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 78
- Location
- Newnan, GA
- Founding
- 09/1972
- Data as of
- 12/2023
- EIN
- 58-0636152
Organization Overview
Newnan Country Club is located in Newnan, GA. The organization was established in 1972. 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 12/2023, Newnan Country Club employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newnan 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 12/2023, Newnan Country Club generated $3.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $3.3m during the year ending 12/2023. While expenses have increased by 7.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL CLUB AND PRIVATE GOLF FACILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DINING FACILITIES - AVAILABLE FOR USE BY MEMBERS AND GUESTS.
N/A
GOLF COURSE, TENNIS COURTS, AND SWIMMING POOL - AVAILABLE FOR USE BY MEMBERS AND GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Browning Past - Presi | OfficerTrustee | 1 | $0 |
Nina Fanning Secretary | OfficerTrustee | 1 | $0 |
Tony Galioto Treasurer | OfficerTrustee | 1 | $0 |
Allan Gamble Director | Trustee | 1 | $0 |
Charley Knight Vice Preside | OfficerTrustee | 1 | $0 |
Kathleene Lollis Director | Trustee | 1 | $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 | $3,054,617 |
| Investment income | $9,603 |
| 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 | $662,735 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,781,216 |
| 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 | $1,457,882 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $137,802 |
| Payroll taxes | $126,594 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,549 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $103,001 |
| Advertising and promotion | $13,571 |
| Office expenses | $17,364 |
| Information technology | $21,260 |
| Royalties | $0 |
| Occupancy | $247,532 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,133 |
| Interest | $75,049 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $196,916 |
| Insurance | $69,584 |
| All other expenses | $236,458 |
| Total functional expenses | $3,314,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $743,239 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $314,688 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $105,310 |
| Prepaid expenses and deferred charges | $98,849 |
| Net Land, buildings, and equipment | $2,445,855 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $11,546 |
| Other assets | $370,365 |
| Total assets | $4,089,852 |
| Accounts payable and accrued expenses | $126,225 |
| 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 | $1,656,631 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $424,338 |
| Total liabilities | $2,207,194 |
| Net assets without donor restrictions | $1,882,658 |
| 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 | $4,089,852 |