Palmetto Golf Club
- Assets
- $4.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 38
- Location
- Aiken, SC
- Founding
- 06/1989
- Data as of
- 12/2021
- EIN
- 57-0221480
Organization Overview
Palmetto Golf Club is located in Aiken, SC. The organization was established in 1989. 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, Palmetto Golf Club employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmetto 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, Palmetto Golf Club generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 3.4% 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
OPERATION OF A GOLF CLUB FOR THE RECREATION OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MANAGE AND OPERATE A PRIVATE GOLF CLUB FOR THE BENEFIT OF ITS MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Swygert Superintendent | Officer | 40 | $105,040 |
Annette Cheeks Business Manager | Officer | 40 | $55,440 |
Chad Meldrum Vice President | OfficerTrustee | 0.3 | $0 |
Marty Gillam Treasurer | OfficerTrustee | 0.3 | $0 |
Tom Farmer Assistant Treasurer | OfficerTrustee | 0.3 | $0 |
John Boyette Secretary | OfficerTrustee | 0.3 | $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 | $2,212,180 |
| Investment income | $1,784 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,650 |
| Net Gain/Loss on Asset Sales | -$11,875 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,206,739 |
| 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. | $160,480 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $649,894 |
| Pension plan accruals and contributions | $21,510 |
| Other employee benefits | $0 |
| Payroll taxes | $62,483 |
| 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 | $0 |
| Fees for services: Other | $3,960 |
| Advertising and promotion | $0 |
| Office expenses | $182,256 |
| Information technology | $15,184 |
| Royalties | $0 |
| Occupancy | $93,316 |
| Travel | $1,948 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,761 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $348,012 |
| Insurance | $132,033 |
| All other expenses | $0 |
| Total functional expenses | $2,078,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $1,124,420 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,252 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,372 |
| Net Land, buildings, and equipment | $2,838,717 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,055,762 |
| Accounts payable and accrued expenses | $89,470 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $89,470 |
| Net assets without donor restrictions | $0 |
| 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 | $3,966,292 |
| Total liabilities and net assets/fund balances | $4,055,762 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ansley Golf Club Atlanta, GA | $48,365,690 | $21,052,650 |
Charlotte Country Club Inc Charlotte, NC | $46,999,419 | $24,642,018 |
Carolina Country Club Company Raleigh, NC | $25,311,282 | $14,725,345 |
Alpha Delta Pi Sorority Atlanta, GA | $18,755,038 | $19,005,623 |
Greenville Country Club Greenville, SC | $30,935,703 | $16,712,012 |
Dunwoody Country Club Inc Atlanta, GA | $25,487,572 | $16,307,962 |
Augusta Country Club Incorporated Augusta, GA | $39,567,278 | $12,683,205 |
Greensboro Country Club Incorporated Greensboro, NC | $22,272,638 | $13,710,701 |
Country Club Of Charleston Charleston, SC | $25,438,574 | $12,590,239 |
Forsyth Country Club Co Winstonsalem, NC | $21,426,181 | $13,216,757 |
Marietta Country Club Inc Marietta, GA | $17,982,979 | $11,841,718 |
Sea Pines Country Club Inc Hilton Head Island, SC | $17,466,961 | $9,158,172 |