Carolina Country Club Company
- Assets
- $25.3m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 318
- Location
- Raleigh, NC
- Founding
- 03/1955
- Data as of
- 08/2021
- EIN
- 56-0163800
Organization Overview
Carolina Country Club Company is located in Raleigh, NC. The organization was established in 1955. 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 08/2021, Carolina Country Club Company employed 318 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina Country Club Company is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2021, Carolina Country Club Company generated $14.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $16.7m during the year ending 08/2021. 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
THE CLUB IS A PRIVATE SOCIAL CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DINING ROOM AND GRILLE ROOM
MAIN BAR AND GRILLE ROOM
GOLF, TENNIS, SWIMMING, AND WELLNESS & YOUTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack S Slaughter General Mgr. | Officer | 45 | $345,031 |
William S Cannon Tennis Director | 45 | $302,449 | |
Theodore C Kiegiel Golf Professional | 45 | $244,439 | |
Kyle A Johnson Golf Course Supt. | Officer | 45 | $174,318 |
Patrick Colley Executive Chef | 45 | $158,121 | |
Paul Baron Wellness Director | 45 | $154,259 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Cross Blue Shield Of North Carolina Insurance | 8/30/21 | $719,351 |
Duke Energy Progress Utilities | 8/30/21 | $225,007 |
Regal Chemical Company Golf Course Chemical Treatment | 8/30/21 | $149,822 |
Wake County Tax Administration Property Tax | 8/30/21 | $209,773 |
Pool Professionals Inc Pool Management | 8/30/21 | $130,345 |
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 | $11,560,650 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,254 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,812,824 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,725,345 |
| 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 | $7,892,223 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,135,263 |
| Payroll taxes | $574,800 |
| 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 | $0 |
| Advertising and promotion | $0 |
| 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 | $93,580 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,505,656 |
| Insurance | $0 |
| All other expenses | $623,411 |
| Total functional expenses | $16,710,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $725,689 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $900,202 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $444,011 |
| Prepaid expenses and deferred charges | $188,723 |
| Net Land, buildings, and equipment | $21,379,762 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,672,895 |
| Total assets | $25,311,282 |
| Accounts payable and accrued expenses | $1,869,484 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,714,478 |
| Other liabilities | $1,838,918 |
| Total liabilities | $7,422,880 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $164,400 |
| Paid-in or capital surplus, or land, building, or equipment fund | $7,420,637 |
| Retained earnings, endowment, accumulated income, or other funds | $10,303,365 |
| Total liabilities and net assets/fund balances | $25,311,282 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Omicron Pi Fraternity Inc Brentwood, TN | $92,549,328 | $43,130,066 |
Cherokee Town & Country Club Inc Atlanta, GA | $70,405,206 | $43,703,981 |
Army Navy Country Club Arlington, VA | $99,356,910 | $42,965,360 |
Country Club Of Virginia Inc Richmond, VA | $91,534,297 | $40,685,067 |
Capital City Club Inc Atlanta, GA | $84,524,331 | $33,363,422 |
Atlanta Athletic Club Johns Creek, GA | $48,939,283 | $29,765,696 |
Piedmont Driving Club Atlanta, GA | $77,050,064 | $28,104,317 |
Carmel Country Club Inc Charlotte, NC | $56,143,554 | $23,347,186 |
Phi Mu Fraternity Peachtree City, GA | $13,751,042 | $22,181,589 |
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 |