String & Splinter Club Inc
- Assets
- $620.3k
- Revenue
- $802.4k
- Investments
- $0.0
- Employees
- 53
- Location
- High Point, NC
- Founding
- 08/1958
- Data as of
- 12/2021
- EIN
- 56-6015164
Organization Overview
String & Splinter Club Inc is located in High Point, NC. The organization was established in 1958. 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 12/2021, String & Splinter Club Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. String & Splinter 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, String & Splinter Club Inc generated $802.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $528.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 7 years. 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 PROVIDE A SOCIAL CLUB FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A SOCIAL CLUB FOR MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colin Merritt Vp/treasurer | OfficerTrustee | 0 | $0 |
Bob Brinson Secretary | OfficerTrustee | 0 | $0 |
Sparky Stroud President | OfficerTrustee | 1 | $0 |
Leigh Ann Venable Board Member | Trustee | 0 | $0 |
Sheri Simon Board Member | Trustee | 0 | $0 |
Mark Furr Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $325,599 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $208,221 |
| 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 | $533,820 |
| Total Program Service Revenue | $0 |
| Investment income | $245 |
| 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 | $268,361 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $802,426 |
| 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 | $331,864 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,157 |
| Payroll taxes | $25,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,708 |
| Office expenses | $6,618 |
| Information technology | $13,423 |
| 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 | $1,169 |
| Interest | $3,768 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,310 |
| Insurance | $15,551 |
| All other expenses | $34,898 |
| Total functional expenses | $528,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75 |
| Savings and temporary cash investments | $253,165 |
| Pledges and grants receivable | $208,221 |
| Accounts receivable, net | $67,433 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,729 |
| Prepaid expenses and deferred charges | $4,758 |
| Net Land, buildings, and equipment | $66,936 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $620,317 |
| Accounts payable and accrued expenses | $23,460 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $75,843 |
| Other liabilities | $26,226 |
| Total liabilities | $125,529 |
| Net assets without donor restrictions | $494,788 |
| 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 | $620,317 |
Endowment Analysis
| Beg. Balance | $133,365 |
| Ending Balance | $133,365 |
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