Tar Heel Sports Club Inc
- Assets
- $54.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Apex, NC
- Founding
- 02/2006
- Data as of
- 12/2023
- EIN
- 56-1426385
Organization Overview
Tar Heel Sports Club Inc is located in Apex, NC. The organization was established in 2006. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Tar Heel Sports 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 12/2023, Tar Heel Sports Club Inc generated $125.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $125.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brice Johnson President | 0.5 | $0 | |
Mary Johnson Treasurer | 1.5 | $0 | |
Denise Craig Secretary | 0.5 | $0 | |
Roger Mcdaniels VP - Rally C | 0.5 | $0 | |
Lauren Marcus VP - Rallycr | 0.5 | $0 | |
Bart Craig VP - Hpde/tr | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $114,868 |
| Membership dues | $8,470 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,532 |
| Total Revenue | $125,870 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,250 |
| Occupancy, rent, utilities, and maintenance | $91,560 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $32,433 |
| Total expenses | $125,243 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,507 |
| Other assets | $0 |
| Total assets | $54,507 |
| Total liabilities | $0 |
| Net assets or fund balances | $54,507 |