Cullasaja Club Inc
- Assets
- $21.7m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 81
- Location
- Highlands, NC
- Founding
- 05/1999
- Data as of
- 12/2023
- EIN
- 58-1734990
Organization Overview
Cullasaja Club Inc is located in Highlands, NC. The organization was established in 1999. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Cullasaja Club Inc employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cullasaja 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 12/2023, Cullasaja Club Inc generated $8.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $7.2m during the year ending 12/2023. While expenses have increased by 5.1% 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
GOLF/SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB MAINTAINS AND OPERATES FULL GOLF CLUB FACILITIES INCLUDING AN 18-HOLE GOLF COURSE, TENNIS COURTS, POOL, DINING FACILITIES, AND SOCIAL ACTIVITIES FOR THE BENEFIT OF ITS MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | OfficerTrustee | 10 | $0 |
Name Not Listed Vice President | OfficerTrustee | 5 | $0 |
Name Not Listed Former President | OfficerTrustee | 5 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 5 | $0 |
Name Not Listed Secretary | OfficerTrustee | 5 | $0 |
Name Not Listed Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Landscapes Unlimited Golf Course Construction | 12/30/23 | $1,581,124 |
Chapman Coyle Chapman Architecture Artchitectural Design Services | 12/30/23 | $1,119,349 |
Superior Golf Maintenance Llc Golf Course Contract Labor | 12/30/23 | $314,941 |
Bryson Enterprises Ltd Grading/golf Course Construction | 12/30/23 | $148,375 |
Bergin Golf Designs Golf Course Design Svcs | 12/30/23 | $112,909 |
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 | $7,107,428 |
| Investment income | $68,777 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$56,276 |
| Net Gain/Loss on Asset Sales | -$47,971 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $929,944 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,049,547 |
| 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. | $886,406 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,886,488 |
| Pension plan accruals and contributions | $78,790 |
| Other employee benefits | $202,117 |
| Payroll taxes | $309,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,325 |
| Fees for services: Accounting | $45,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $318,623 |
| Advertising and promotion | $145,732 |
| Office expenses | $1,148,134 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $403,640 |
| Travel | $22,411 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,313 |
| Interest | $15,556 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,509,326 |
| Insurance | $105,450 |
| All other expenses | $0 |
| Total functional expenses | $7,182,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,476,053 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,651 |
| Loans from Officers, Directors, or Controlling Persons | $13,646 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $310,120 |
| Prepaid expenses and deferred charges | $85,116 |
| Net Land, buildings, and equipment | $19,345,585 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $456,626 |
| Total assets | $21,728,797 |
| Accounts payable and accrued expenses | $1,023,368 |
| Grants payable | $0 |
| Deferred revenue | $6,645,657 |
| 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 | $409,640 |
| Total liabilities | $8,078,665 |
| Net assets without donor restrictions | $13,650,132 |
| 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 | $21,728,797 |