Highland Country Club Inc
- Assets
- $12.0m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 158
- Location
- Fayetteville, NC
- Founding
- 07/1948
- Data as of
- 12/2023
- EIN
- 56-0485047
Organization Overview
Highland Country Club Inc is located in Fayetteville, NC. The organization was established in 1948. 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 12/2023, Highland Country Club Inc employed 158 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highland 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 12/2023, Highland Country Club Inc generated $7.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $6.4m during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE SOCIAL CLUB OPERATING FOR THE RECREATIONAL AND SOCIAL PURPOSES OF ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF COURSE/GOLF SHOP - PROVIDES ENTERTAINMENT FOR MEMBERS THROUGH GOLF OPERATIONS
RESTAURANT/LOUNGE - PROVIDES FOOD AND BEVERAGES FOR MEMBER SOCIAL GATHERINGS
SWIMMING/TENNIS - PROVIDES ENTERTAINMENT FOR MEMBERS THROUGH SWIMMING AND TENNIS OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vivek Tandon Board Member | Trustee | 1 | $0 |
Bobby Brown Board Member | Trustee | 1 | $0 |
Jack Brown Board Member | Trustee | 1 | $0 |
Luke Wheeler President | OfficerTrustee | 1 | $0 |
Mike Downing Board Member | Trustee | 1 | $0 |
Richard Craven Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Micah Vugrinec Golf Shop Llc Golf Instruction And Other Golf Related | 12/30/17 | $148,445 |
Jens Golf Shop Golf Instruction And Other Golf Related | 12/30/17 | $112,933 |
Micah Vugrinec Golf Shop Llc Golf Instruction And Other Golf Related | 12/30/17 | $148,445 |
Jens Golf Shop Golf Instruction And Other Golf Related | 12/30/17 | $112,933 |
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 | $335,614 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $335,614 |
| Total Program Service Revenue | $7,290,362 |
| Investment income | $36,052 |
| 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 | $7,662,028 |
| 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. | $232,951 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,162,963 |
| Pension plan accruals and contributions | $13,445 |
| Other employee benefits | $196,233 |
| Payroll taxes | $221,758 |
| 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 | $187,042 |
| Advertising and promotion | $98,105 |
| Office expenses | $78,645 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $651,003 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,169 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $488,310 |
| Insurance | $100,426 |
| All other expenses | $157,761 |
| Total functional expenses | $6,351,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $567,995 |
| Savings and temporary cash investments | $2,263,964 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,153,880 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $87,778 |
| Prepaid expenses and deferred charges | $40,154 |
| Net Land, buildings, and equipment | $7,294,109 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $621,889 |
| Total assets | $12,029,769 |
| Accounts payable and accrued expenses | $370,487 |
| Grants payable | $0 |
| Deferred revenue | $359,591 |
| 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 | $432,973 |
| Other liabilities | $757,797 |
| Total liabilities | $1,920,848 |
| Net assets without donor restrictions | $10,108,921 |
| 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 | $12,029,769 |