Pine Valley Country Club Inc is located in Wilmington, NC. The organization was established in 1960. 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 09/2021, Pine Valley Country Club Inc employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pine Valley 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 09/2021, Pine Valley Country Club Inc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $2.7m during the year ending 09/2021. While expenses have increased by 4.5% per year over the past 6 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 COUNTRY CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES GOLF, TENNIS, SWIMMING, AND RESTAURANT OPERATIONS TO THE MEMBERSHIP.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mike Ahrnsbrak General Manager | Officer | 40 | $117,490 |
Debbie Ford President | OfficerTrustee | 4 | $0 |
Bob Cause Treasurer | OfficerTrustee | 4 | $0 |
Christy Demory Vice President | OfficerTrustee | 4 | $0 |
Susan Lacy Secretary | OfficerTrustee | 4 | $0 |
Jack Ford Director | Trustee | 4 | $0 |
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 | $4,021,667 |
Investment income | $8,647 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$53,111 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $342,749 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,324,418 |
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. | $140,605 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $914,286 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $135,098 |
Payroll taxes | $12,000 |
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 | $183,974 |
Advertising and promotion | $31,115 |
Office expenses | $39,139 |
Information technology | $52,056 |
Royalties | $0 |
Occupancy | $115,660 |
Travel | $153 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $30 |
Interest | $37,394 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $143,218 |
Insurance | $110,714 |
All other expenses | $134,736 |
Total functional expenses | $2,727,028 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $810 |
Savings and temporary cash investments | $1,223,602 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $256,777 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $140,702 |
Prepaid expenses and deferred charges | $12,071 |
Net Land, buildings, and equipment | $2,066,077 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $17,386 |
Other assets | $393,870 |
Total assets | $4,111,295 |
Accounts payable and accrued expenses | $175,695 |
Grants payable | $0 |
Deferred revenue | $242,185 |
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 | $1,168,699 |
Unsecured mortgages and notes payable | $314,879 |
Other liabilities | $0 |
Total liabilities | $1,901,458 |
Net assets without donor restrictions | $2,209,837 |
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 | $4,111,295 |
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 |