Pine Lake Country Club Inc
- Assets
- $4.8m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 125
- Location
- Charlotte, NC
- Founding
- 08/1965
- Data as of
- 12/2022
- EIN
- 56-0620324
Organization Overview
Pine Lake Country Club Inc is located in Charlotte, NC. The organization was established in 1965. 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 12/2022, Pine Lake Country Club Inc employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pine Lake 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, Pine Lake Country Club Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. While expenses have increased by 7.3% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SOCIAL INTERACTION AND 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, A GOLF COURSE, SWIMMING POOLS, AND DINING ROOMS TO ITS MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Schoeck President | OfficerTrustee | 2 | $0 |
Todd Sagmoe Vice Preside | OfficerTrustee | 2 | $0 |
Raegan Folk Secretary | OfficerTrustee | 2 | $0 |
Aaron Helms Treasurer | OfficerTrustee | 2 | $0 |
Frank Brown Director | Trustee | 2 | $0 |
Bobby Dean Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Union Paving Construction - Cart Paths | 2/27/15 | $324,471 |
Wellow Golf Inc Golf Shop Merchandise And Supplies; Pro | 2/27/15 | $278,350 |
Sysco Food Services Restaurant Products | 2/27/15 | $206,619 |
Blue Cross Blue Shield Inc Health Insurance | 2/27/15 | $137,954 |
Pnc Equipment Finance Equipment And Golf Cart Leases | 2/27/15 | $104,973 |
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 | $3,426,827 |
| 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 | $744,468 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,171,295 |
| 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. | $137,447 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,553,102 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $135,014 |
| Payroll taxes | $200,337 |
| 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 | $164,106 |
| Advertising and promotion | $3,086 |
| Office expenses | $120,137 |
| Information technology | $31,457 |
| Royalties | $0 |
| Occupancy | $192,758 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,870 |
| Interest | $67,975 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $183,510 |
| Insurance | $67,196 |
| All other expenses | $148,690 |
| Total functional expenses | $3,879,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,398,075 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $203,655 |
| Accounts receivable, net | $451,621 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,356 |
| Prepaid expenses and deferred charges | $1,800 |
| Net Land, buildings, and equipment | $2,223,629 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $459,191 |
| Total assets | $4,775,327 |
| Accounts payable and accrued expenses | $131,910 |
| Grants payable | $0 |
| Deferred revenue | $580,897 |
| 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 | $2,297,180 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $803,705 |
| Total liabilities | $3,813,692 |
| Net assets without donor restrictions | $961,635 |
| 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 | $4,775,327 |