The Palmetto Club Of Columbia is located in Columbia, SC. The organization was established in 1962. 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 06/2022, Palmetto Club Of Columbia employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmetto Club Of Columbia is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Palmetto Club Of Columbia generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. While expenses have increased by 1.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PALMETTO CLUB OF COLUMBIA IS A PRIVATE CLUB FOR THE SOCIAL BENEFIT, RECREATION, PLEASURE, AND CULTURAL WELL-BEING OF ITS MEMBERS, THEIR FAMILIES, AND GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PRIVATE CLUB PROVIDING DINING AND BEVERAGE SALES TO ITS MEMBERS AND THEIR GUESTS.
OPERATION OF A PRIVATE CLUB PROVIDING DINING AND BEVERAGE SALES TO ITS MEMBERS AND THEIR GUESTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John F Mccabe Secretary | OfficerTrustee | 1 | $0 |
David R Campbell Chairman | Officer | 1 | $0 |
Charles Dibble Vice-Preside | Officer | 1 | $0 |
Jesse A Smith Treasurer | Officer | 1 | $0 |
Mary Lane Sloan President | Officer | 1 | $0 |
M John Bowen Jr Chairman Eme | Officer | 1 | $0 |
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 | $1,406,434 |
Investment income | $2,439 |
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 | $981,769 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,743,366 |
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 | $1,151,439 |
Pension plan accruals and contributions | $18,106 |
Other employee benefits | $108,634 |
Payroll taxes | $100,051 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,700 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $56,943 |
Office expenses | $6,906 |
Information technology | $28,585 |
Royalties | $0 |
Occupancy | $72,763 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $165,527 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $133,307 |
Insurance | $39,889 |
All other expenses | $157,874 |
Total functional expenses | $2,440,793 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $429,407 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $234,462 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $73,319 |
Prepaid expenses and deferred charges | $6,712 |
Net Land, buildings, and equipment | $3,352,333 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $3,082 |
Other assets | $0 |
Total assets | $4,099,315 |
Accounts payable and accrued expenses | $235,719 |
Grants payable | $0 |
Deferred revenue | $106,000 |
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 | $2,871,789 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $3,213,508 |
Net assets without donor restrictions | $885,807 |
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 | $4,099,315 |
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