Ironwood Golf & Country Club
- Assets
- $6.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 68
- Location
- Greenville, NC
- Founding
- Data as of
- 12/2017
- EIN
- 27-5061497
Organization Overview
Ironwood Golf & Country Club is located in Greenville, NC. As of 12/2016, Ironwood Golf & Country Club employed 68 individuals. Ironwood Golf & 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 12/2017, Ironwood Golf & Country Club generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE FINEST LEVEL OF COUNTRY CLUB LIVING IN THE GREENVILLE MARKET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE GOLF & COUNTRY CLUB.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Lamonica General Manager | Officer | 40 | $81,794 |
Wilson Brown President | OfficerTrustee | 1 | $0 |
Kristopher Arnold Vice President | OfficerTrustee | 1 | $0 |
Gayle Sisler Secretary | OfficerTrustee | 1 | $0 |
Jerry Davis Treasurer | OfficerTrustee | 1 | $0 |
John Conway Board Of Directors | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,910 |
| Investment income | $169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $262,127 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,405,082 |
| Statement of Expenses | |
|---|---|
| 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. | $80,972 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $686,686 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,609 |
| Payroll taxes | $62,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,464 |
| 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 | $0 |
| Interest | $3,869 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $135,777 |
| Insurance | $44,275 |
| All other expenses | $41,906 |
| Total functional expenses | $1,561,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,201 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,685 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $76,876 |
| Prepaid expenses and deferred charges | $10,796 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,718,156 |
| Accounts payable and accrued expenses | $246,210 |
| Grants payable | $0 |
| Deferred revenue | $22,156 |
| 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 | $106,476 |
| Total liabilities | $374,842 |
| 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 |
| Total liabilities and net assets/fund balances | $6,343,314 |
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