Cape Fear Country Club Inc
- Assets
- $25.2m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 243
- Location
- Wilmington, NC
- Founding
- 03/1945
- Data as of
- 12/2021
- EIN
- 56-0161700
Organization Overview
Cape Fear Country Club Inc is located in Wilmington, NC. The organization was established in 1945. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Cape Fear Country Club Inc employed 243 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape Fear Country 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 12/2021, Cape Fear Country Club Inc generated $10.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $8.5m during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL AND RECREATIONAL ACTIVITIES FOR ITS MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF, SWIMMING, TENNIS, RESTAURANT AND CLUBHOUSE OPERATIONS
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Geiss General Manager | Officer | 50 | $246,346 |
Laird Dunlop Director Of Tennis | 50 | $146,186 | |
Robert Murray Executive Chef | 50 | $125,829 | |
Sarah Matheny CFO | 50 | $118,889 | |
Jonathan Royall Clubhouse Manager | 50 | $110,492 | |
Joey Hines Director Of Golf | 50 | $107,341 |
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 | $8,466,127 |
| Investment income | $64 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,435 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,805,122 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,275,748 |
| 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 | $3,869,379 |
| Pension plan accruals and contributions | $36,308 |
| Other employee benefits | $535,848 |
| Payroll taxes | $292,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,393 |
| Advertising and promotion | $0 |
| Office expenses | $74,190 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $229,604 |
| Travel | $4,785 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,486 |
| Interest | $159,546 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,535,729 |
| Insurance | $261,031 |
| All other expenses | $217,788 |
| Total functional expenses | $8,525,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445,498 |
| Savings and temporary cash investments | $64,138 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $535,664 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $220,972 |
| Prepaid expenses and deferred charges | $98,166 |
| Net Land, buildings, and equipment | $23,624,850 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $233,969 |
| Total assets | $25,223,257 |
| Accounts payable and accrued expenses | $660,916 |
| Grants payable | $0 |
| Deferred revenue | $5,180 |
| 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 | $4,002,061 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,668,157 |
| Net assets without donor restrictions | $20,555,100 |
| 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 | $25,223,257 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
Ansley Golf Club Atlanta, GA | $48,365,690 | $21,052,650 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |
Charlotte Country Club Inc Charlotte, NC | $46,999,419 | $24,642,018 |
Carolina Country Club Company Raleigh, NC | $25,311,282 | $14,725,345 |
Alpha Delta Pi Sorority Atlanta, GA | $18,755,038 | $19,005,623 |
Greenville Country Club Greenville, SC | $30,935,703 | $16,712,012 |
Dunwoody Country Club Inc Atlanta, GA | $25,487,572 | $16,307,962 |
Hillwood Country Club Nashville, TN | $28,189,115 | $15,197,355 |
Belle Meade Country Club Nashville, TN | $42,979,255 | $14,973,436 |
Augusta Country Club Incorporated Augusta, GA | $39,567,278 | $12,683,205 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |