Country Club Of Lexington
- Assets
- $3.4m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 91
- Location
- Lexington, SC
- Founding
- 03/1970
- Data as of
- 09/2021
- EIN
- 57-0478538
Organization Overview
Country Club Of Lexington is located in Lexington, SC. The organization was established in 1970. 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 09/2021, Country Club Of Lexington employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Country Club Of Lexington is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2021, Country Club Of Lexington generated $3.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $2.6m during the year ending 09/2021. While expenses have increased by 2.7% per year over the past 6 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
RECREATIONAL FACILITY FOR MEMBERS. THE ORGANIZATION HAS A GOLF COURSE,TENNIS COURTS,SWIMMING POOL, AND RESTAURANT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB HAS ABOUT 500 MEMBERS AT ALL TIMES DURING THE YEAR. MEMBERS AND THEIR GUEST CAN PLAY GOLF ON THE 18 HOLE COURSE. THE FACILITY INCLUDES A PRACTICE RANGE, PUTTING GREENS, AND SHORT-GAME PRACTICE AREA.
THE CLUB ALSO HAS A RESTAURANT FOR THE MEMBERS AND THEIR GUESTS WHICH IS OPEN 6 DAYS PER WEEK.
THE CLUB ALSO HAS AN OLYMPIC SIZE POOL AND TENNIS COURTS FOR THE MEMBERS AND THEIR GUESTS. THE POOL IS OPEN DURING THE SUMMER SEASON OF JUNE THROUGH AUGUST. THE TENNIS COURTS ARE AVAILABLE YEAR ROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Williams General Manager | 40 | $84,807 | |
David L Moore V Pres | Officer | 5 | $0 |
Jim Joye Member | Officer | 5 | $0 |
Steve Kernen Member | Officer | 5 | $0 |
Matt Currie Pres | Officer | 10 | $0 |
Randy Musselwhite Treas | Officer | 5 | $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 | $2,378,833 |
| Investment income | $921 |
| 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 | $508,370 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,985,941 |
| 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. | $84,807 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,066,034 |
| Pension plan accruals and contributions | $11,407 |
| Other employee benefits | $213,963 |
| Payroll taxes | $10,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,417 |
| Fees for services: Accounting | $30,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,983 |
| Office expenses | $4,628 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,681 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $76,912 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $166,885 |
| Insurance | $41,388 |
| All other expenses | $288,589 |
| Total functional expenses | $2,631,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,112 |
| Savings and temporary cash investments | $306,504 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $162,723 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $123,352 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,369,637 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,487 |
| Total assets | $3,421,815 |
| Accounts payable and accrued expenses | $125,971 |
| Grants payable | $0 |
| Deferred revenue | $133,815 |
| 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 | $1,972,891 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,232,677 |
| Net assets without donor restrictions | $1,189,138 |
| 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 | $3,421,815 |
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 |