Chestnut Mountain Golf Club

Organization Overview

Chestnut Mountain Golf Club is located in Mills River, NC. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Chestnut Mountain Golf 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, Chestnut Mountain Golf Club generated $774.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $729.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

CMGC HAS BEEN ESTABLISHED FOR THE PURPOSE OF OPERATING A GOLF COURSE AND OTHER ASSOCIATED ACTIVITIES GENERALLY AT THE LOCATION IN THE COMMUNITY OTHERWISE KNOWN AS HIGH VISTA IN MILLS RIVER, NORTH CAROLINA AND TO PROVIDE OPPORTUNITIES FOR ITS MEMBERS FOR SOCIALIZATION AND CAMARADERIE

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTE SOCIALIZATION AND CAMARADERIE AMONGST ITS MEMBERS THROUGH GOLF AND OTHER SOCIAL EVENTS THAT BRING THE MEMBERSHIP TOGETHER. THIS WAS ACCOMPLISHED THROUGH MEMBER EVENTS AND TOURNAMENTS. MEMBERSHIP GREW BY 20 NEW MEMBERS DUE TO THE SUCCESS OF THE CLUB.


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Board, Officers & Key Employees

Name (title)Compensation
Paul Lynch
President
$0
James Tart
Vice President
$0
Susan Semrod
Treasurer
$0
Chris Jordan
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$294,151
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$10,318
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$304,469
Total Program Service Revenue$464,170
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 $774,600

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