Henderson Country Club Inc
- Assets
- $2.9m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Henderson, NC
- Founding
- 03/1950
- Data as of
- 12/2022
- EIN
- 56-0509746
Organization Overview
Henderson Country Club Inc is located in Henderson, NC. The organization was established in 1950. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henderson 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 12/2022, Henderson Country Club Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING SOCIAL AND RECREATIONAL FELLOWSHIP AMONG MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL AND RECREATIONAL FELLOWSHIP AMONG MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Stainback Secretary | OfficerTrustee | 5 | $0 |
Clay Frazier Director | Trustee | 1 | $0 |
Jason Stewardson Director | Trustee | 1 | $0 |
Joseph Faulkner Director | Trustee | 1 | $0 |
Jeff Fleming Director | Trustee | 1 | $0 |
Fagan Goodwin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $835,596 |
| 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 | $835,596 |
| Total Program Service Revenue | $225,943 |
| Investment income | $0 |
| 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 | $357,582 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,419,121 |
| 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 | $671,126 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,483 |
| Payroll taxes | $57,454 |
| Fees for services: Management | $78,000 |
| Fees for services: Legal | $500 |
| 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 | $6,047 |
| Office expenses | $0 |
| Information technology | $20,698 |
| Royalties | $0 |
| Occupancy | $93,132 |
| Travel | $10,976 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $201 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $165,182 |
| Insurance | $43,994 |
| All other expenses | $168,147 |
| Total functional expenses | $1,617,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,802 |
| Savings and temporary cash investments | $67 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $170,041 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $41,562 |
| Prepaid expenses and deferred charges | $6,616 |
| Net Land, buildings, and equipment | $2,573,155 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $950 |
| Other assets | $0 |
| Total assets | $2,866,193 |
| Accounts payable and accrued expenses | $82,553 |
| 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 | $1,664,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,898 |
| Total liabilities | $1,778,851 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $490,161 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $597,181 |
| Total liabilities and net assets/fund balances | $2,866,193 |