Old Chatham Golf Club
- Assets
- $20.6m
- Revenue
- $7.5m
- Investments
- $38.3k
- Employees
- 109
- Location
- Durham, NC
- Founding
- 04/2000
- Data as of
- 12/2021
- EIN
- 56-2160577
Organization Overview
Old Chatham Golf Club is located in Durham, NC. The organization was established in 2000. 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, Old Chatham Golf Club employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Chatham Golf Club 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, Old Chatham Golf Club generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $5.6m during the year ending 12/2021. While expenses have increased by 4.0% 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
THE CLUB IS A MEMBER-OWNED PRIVATE GOLF CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John H Marino Director Of Operations | Officer | 40 | $267,013 |
Walter B Powell Superintendent | Officer | 40 | $213,149 |
Ian Campbell General Manager | Officer | 40 | $144,074 |
Christine Jones Comptroller | Officer | 40 | $106,476 |
Jill Marino Director Of Member Relations | 40 | $100,694 | |
James A Bick Secretary/treasurer | OfficerTrustee | 12 | $0 |
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 | $6,442,464 |
| Investment income | $2,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$938 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $466,903 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,510,404 |
| 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. | $786,614 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,015,195 |
| Pension plan accruals and contributions | $22,836 |
| Other employee benefits | $139,348 |
| Payroll taxes | $207,893 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,038 |
| Advertising and promotion | $74,262 |
| Office expenses | $54,436 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,529 |
| Travel | $21,771 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $172,372 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $748,217 |
| Insurance | $105,086 |
| All other expenses | $450,186 |
| Total functional expenses | $5,647,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,956 |
| Savings and temporary cash investments | $2,503,636 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $983,336 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $195,325 |
| Prepaid expenses and deferred charges | $37,713 |
| Net Land, buildings, and equipment | $16,803,728 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $38,273 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $245 |
| Total assets | $20,568,212 |
| Accounts payable and accrued expenses | $361,739 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,308,004 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,608,343 |
| Total liabilities | $15,278,086 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $14,220,144 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$8,930,018 |
| Total liabilities and net assets/fund balances | $20,568,212 |
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| 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 |