Eagle Point Golf Club Inc
- Assets
- $18.4m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 131
- Location
- Wilmington, NC
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 56-2101179
Organization Overview
Eagle Point Golf Club Inc is located in Wilmington, NC. The organization was established in 1999. 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 12/2021, Eagle Point Golf Club Inc employed 131 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eagle Point Golf 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 12/2021, Eagle Point Golf Club Inc generated $8.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $8.8m during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 7 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
TO OPERATE AND MAINTAIN A PRIVATE CLUB CONSISTING OF GOLF AND ENTERTAINMENT FACILITIES, INCLUDING OVERNIGHT GOLF COTTAGE ACCOMMODATIONS FOR USE BY MEMBERS AND THEIR GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECREATIONAL ACTIVITIES FOR MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William G Anderson Director Of Operations | Officer | 40 | $445,310 |
Sean Anderson Course Superintendent | 40 | $349,220 | |
Brenda Stoker Controller | Officer | 40 | $149,041 |
Robert L Pickens Chef | 40 | $121,311 | |
John G B Ellison Jr Vice-President | OfficerTrustee | 1 | $0 |
John Townsend Co-President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bridgett Mazer Interiors Redecorating | 12/30/19 | $302,707 |
Brooks Pierce Mclendon Llp Legal Services | 12/30/19 | $142,034 |
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 | $7,000,230 |
| Investment income | $53,021 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,920 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $700,331 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,325,446 |
| 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. | $637,703 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,665,003 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $931,008 |
| Payroll taxes | $0 |
| 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 | $8,207 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $350,197 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,180,953 |
| Insurance | $0 |
| All other expenses | $578,156 |
| Total functional expenses | $8,815,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $996,926 |
| Savings and temporary cash investments | $467,911 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $472,038 |
| Loans from Officers, Directors, or Controlling Persons | $60,728 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $79,183 |
| Prepaid expenses and deferred charges | $111,990 |
| Net Land, buildings, and equipment | $14,985,262 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,257,307 |
| Total assets | $18,431,345 |
| Accounts payable and accrued expenses | $412,402 |
| Grants payable | $0 |
| Deferred revenue | $138,878 |
| 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 | $5,475,556 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,201,143 |
| Total liabilities | $12,227,979 |
| Net assets without donor restrictions | $6,203,366 |
| 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 | $18,431,345 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Myers Park Country Club Inc Charlotte, NC | $50,316,696 | $16,086,490 |
Bellehaven Country Club Inc Alexandria, VA | $40,402,944 | $17,085,559 |
North Ridge Country Club Inc Raleigh, NC | $21,783,792 | $13,220,578 |
George Walton Academy Inc Monroe, GA | $18,498,422 | $12,032,755 |
Willow Oaks Country Club Inc Richmond, VA | $15,889,652 | $10,037,529 |
Forest Lake Club Columbia, SC | $17,782,694 | $10,657,455 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
Eagle Point Golf Club Inc Wilmington, NC | $18,431,345 | $8,325,446 |
Dataw Island Club Inc Beaufort, SC | $27,067,751 | $8,525,272 |
Wade Hampton Golf Club Inc Cashiers, NC | $23,418,026 | $9,280,278 |
Kinloch Golf Association Corp ManakinSabot, VA | $45,313,161 | $8,251,750 |
Old Town Club Inc Winstonsalem, NC | $12,827,032 | $8,211,808 |