Carmel Country Club Inc
- Assets
- $56.1m
- Revenue
- $23.3m
- Investments
- $0.0
- Employees
- 449
- Location
- Charlotte, NC
- Founding
- 02/1949
- Data as of
- 12/2021
- EIN
- 56-0507966
Organization Overview
Carmel Country Club Inc is located in Charlotte, NC. The organization was established in 1949. 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, Carmel Country Club Inc employed 449 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carmel 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, Carmel Country Club Inc generated $23.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $21.6m during the year ending 12/2021. While expenses have increased by 3.5% 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
TO PROMOTE SOCIAL INTERACTION & RECREATION FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES FACILITIES SUCH AS TENNIS COURTS,GOLF COURSES, SWIMMING POOLS AND DINING ROOMS TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Schultz General Manager | Officer | 50 | $483,541 |
Jeff Nichols Director Of Golf | Officer | 50 | $289,863 |
Donald Goodrich Course Superintendant | Officer | 50 | $271,379 |
Philip Dodds Membership Director | 50 | $192,392 | |
Clark Howell Director Of Tennis | 50 | $185,135 | |
Richard Lancaster Controller | Officer | 50 | $180,107 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Barringer Construction Inc Construction | 12/30/21 | $8,155,947 |
Us Foodservice Food & Beverage Supplies | 12/30/21 | $868,604 |
Mecklenburg Abc Board Alcohol Beverage Distributor | 12/30/21 | $319,782 |
Acushnet Golf Merchandise | 12/30/21 | $529,549 |
Smart And Quick Solutions Cb Llc Temporary Staffing Service | 12/30/21 | $423,261 |
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 | $18,777,731 |
| Investment income | $41,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $56,947 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,471,345 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,347,186 |
| 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. | $1,130,364 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,323,264 |
| Pension plan accruals and contributions | $210,875 |
| Other employee benefits | $1,367,228 |
| Payroll taxes | $717,043 |
| 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 | $891,763 |
| Advertising and promotion | $59,815 |
| Office expenses | $717,624 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $726,609 |
| Travel | $102,238 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $102,761 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,765,092 |
| Insurance | $214,031 |
| All other expenses | $1,169,909 |
| Total functional expenses | $21,578,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,219 |
| Savings and temporary cash investments | $3,494,645 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,945,906 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,286,897 |
| Inventories for sale or use | $704,443 |
| Prepaid expenses and deferred charges | $606,429 |
| Net Land, buildings, and equipment | $42,915,172 |
| Investments—publicly traded securities | $954,572 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $230,271 |
| Total assets | $56,143,554 |
| Accounts payable and accrued expenses | $1,368,623 |
| Grants payable | $0 |
| Deferred revenue | $9,039,897 |
| 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 | $11,038,490 |
| Total liabilities | $21,447,010 |
| Net assets without donor restrictions | $34,696,544 |
| 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 | $56,143,554 |
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 |