North Ridge Country Club Inc
- Assets
- $28.2m
- Revenue
- $15.4m
- Investments
- $0.0
- Employees
- 464
- Location
- Raleigh, NC
- Founding
- 08/1980
- Data as of
- 12/2022
- EIN
- 56-0897144
Organization Overview
North Ridge Country Club Inc is located in Raleigh, NC. The organization was established in 1980. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, North Ridge Country Club Inc employed 464 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Ridge 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, North Ridge Country Club Inc generated $15.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $14.2m during the year ending 12/2022. While expenses have increased by 3.6% per year over the past 8 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
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 - PROVIDES ENTERTAINMENT FOR MEMBERS THROUGH GOLF OPERATIONS.
CLUBHOUSE/DINING ROOM/LOUNGE - PROVIDES FOOD AND BEVERAGES FOR MEMBER SOCIAL GATHERINGS.
TENNIS/POOL FACILITIES - PROVIDES ENTERTAINMENT FOR MEMBERS THROUGH SWIMMING AND TENNIS OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pakmer Sugg President | OfficerTrustee | 2 | $0 |
Scott Dougherty Vice President | OfficerTrustee | 1 | $0 |
Elizabeth Hamilton Treasurer | OfficerTrustee | 1 | $0 |
Diane Rupert Secretary | OfficerTrustee | 1 | $0 |
Brett Banks Director | Trustee | 1 | $0 |
Jack Barry Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chambers Construction | 12/30/22 | $269,658 |
Nema Management Design And Construciton | 12/30/22 | $171,365 |
Cline Design Associates Design And Construciton | 12/30/22 | $153,943 |
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 | $13,359,866 |
| Investment income | $719 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,074 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,866,580 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,354,376 |
| 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 | $0 |
| Other salaries and wages | $6,354,772 |
| Pension plan accruals and contributions | $101,404 |
| Other employee benefits | $611,725 |
| Payroll taxes | $523,946 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $268,354 |
| Advertising and promotion | $6,677 |
| Office expenses | $80,044 |
| Information technology | $113,807 |
| Royalties | $0 |
| Occupancy | $821,086 |
| Travel | -$1,353 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,273 |
| Interest | $141,700 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,376,658 |
| Insurance | $172,255 |
| All other expenses | $895,311 |
| Total functional expenses | $14,184,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,127,721 |
| Savings and temporary cash investments | $43,004 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,869,829 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $346,278 |
| Prepaid expenses and deferred charges | $2,937 |
| Net Land, buildings, and equipment | $20,817,983 |
| Investments—publicly traded securities | $4,020,317 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,228,069 |
| Accounts payable and accrued expenses | $1,222,837 |
| Grants payable | $0 |
| Deferred revenue | $1,440,580 |
| 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 | $5,693,238 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $819,366 |
| Total liabilities | $9,176,021 |
| Net assets without donor restrictions | $19,052,048 |
| 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 | $28,228,069 |