College Of Charleston Athletic Club
- Assets
- $3.1m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 06/1977
- Data as of
- 06/2021
- EIN
- 57-0640443
Organization Overview
College Of Charleston Athletic Club, operating under the name Cougar Club, is located in Charleston, SC. The organization was established in 1977. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cougar Club is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Cougar Club generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 6 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
THE COUGAR CLUB PROVIDES SCHOLARSHIPS AND SUPPORT TO THE ATHLETIC DEPARTMENT OF THE COLLEGE OF CHARLESTON THROUGH DONATIONS AND FUNDRAISERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE UNRESTRICTED SCHOLARSHIPS AND SUPPORT (AWARDS BANQUET, SENIOR LUNCHEON, TEAM FUNDRAISING ASSISTANCE, ETC.) TO STUDENT ATHLETES.
PROVIDE CLUB MEMBERS WITH NEWSLETTERS, PROMOTIONAL ITEMS, AND HOSPITALITY VENUES TO ATHLETIC EVENTS TO SUPPORT COLLEGE OF CHARLESTON ATHLETIC TEAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Atikinson Secretary | OfficerTrustee | 1 | $0 |
John Douglass Prsident | OfficerTrustee | 1 | $0 |
David Crowley Past President | OfficerTrustee | 1 | $0 |
George Fraggos Vice President | OfficerTrustee | 1 | $0 |
Marc Stein Treasurer | OfficerTrustee | 1 | $0 |
Randy Atkins Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $844,958 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,092 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,355,212 |
| Noncash contributions included in lines 1a–1f | $37,794 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,254,262 |
| Total Program Service Revenue | $0 |
| Investment income | $2,375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $94,124 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,350,761 |
| 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 | $276,536 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,031 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,119 |
| Office expenses | $2,676 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $871 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,081 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,594 |
| Insurance | $2,836 |
| All other expenses | $19,767 |
| Total functional expenses | $2,060,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,350,296 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,847 |
| 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 | $0 |
| Net Land, buildings, and equipment | $708,467 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,076,610 |
| Accounts payable and accrued expenses | $661,521 |
| Grants payable | $0 |
| Deferred revenue | $921,742 |
| 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 | $1,583,263 |
| Net assets without donor restrictions | -$49,619 |
| Net assets with donor restrictions | $1,542,966 |
| 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 | $3,076,610 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that College Of Charleston Athletic Club has recieved totaling $283,343.
| Awarding Organization | Amount |
|---|---|
College Of Charleston Foundation Charleston, SC PURPOSE: COLLEGE OF CHARLESTON COUGAR CLUB: OPERATIONAL SUPPORT | $219,515 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $21,328 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
The Community Foundation For Northeast Florida Inc Jacksonville, FL PURPOSE: GENERAL OPERATING | $10,000 |
Kennedy-Herterich Foundation Blowing Rock, NC PURPOSE: OPERATIONS SUPPORT | $10,000 |
Kennedy-Herterich Foundation Blowing Rock, NC PURPOSE: STUDENT SCHOLARSHIPS | $7,500 |
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 |