Litchfield Country Club Property Owners Association
- Assets
- $442.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pawleys Island, SC
- Founding
- 10/1975
- Data as of
- 12/2022
- EIN
- 23-7407824
Organization Overview
Litchfield Country Club Property Owners Association is located in Pawleys Island, SC. The organization was established in 1975. 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. Litchfield Country Club Property Owners Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Litchfield Country Club Property Owners Association generated $92.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $50.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SOCIAL WELFARE ORGANIZATION - PROPERTY OWNERS ASSOCIATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trish Mulligan Treasurer | 8 | $0 | |
Margaret Lamb Member At Large | 2 | $0 | |
Bill Ringer Vice President | 8 | $0 | |
Ken Fetzner Member At Large | 4 | $0 | |
Grant Anglemyer Member At Large | 5 | $0 | |
Jerry Oakley President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $91,125 |
| Investment income | $1,192 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $92,317 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $4,287 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $21,736 |
| Occupancy, rent, utilities, and maintenance | $985 |
| Printing, publications, postage, and shipping | $2,331 |
| Other expenses | $18,659 |
| Total expenses | $50,748 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $442,690 |
| Other assets | $0 |
| Total assets | $442,941 |
| Total liabilities | $219,045 |
| Net assets or fund balances | $223,896 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Forest Lake Club Columbia, SC | $17,782,694 | $10,657,455 |
Eagle Point Golf Club Inc Wilmington, NC | $18,431,345 | $8,325,446 |
Dataw Island Club Inc Beaufort, SC | $27,067,751 | $8,525,272 |
Wade Hampton Golf Club Inc Cashiers, NC | $23,418,026 | $9,280,278 |
Old Town Club Inc Winstonsalem, NC | $12,827,032 | $8,211,808 |
Vor Club Corporation Charlotte, NC | $8,365,754 | $7,496,900 |
Standard Club Johns Creek, GA | $15,932,702 | $5,650,853 |
Old Chatham Golf Club Durham, NC | $20,568,212 | $7,510,404 |
Oldfield Club Okatie, SC | $11,156,902 | $7,833,609 |
Wildcat Cliffs Country Club Inc Highlands, NC | $17,268,619 | $5,709,162 |
Dynamos Parents Club Inc Atlanta, GA | $4,985,436 | $5,156,871 |
Foundation Of Shalom Park Inc Charlotte, NC | $31,348,548 | $4,099,264 |