Thornblade Club Inc
- Assets
- $15.7m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 202
- Location
- Greer, SC
- Founding
- 06/1996
- Data as of
- 03/2024
- EIN
- 57-0892854
Organization Overview
Thornblade Club Inc is located in Greer, SC. The organization was established in 1996. 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 03/2024, Thornblade Club Inc employed 202 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thornblade 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 03/2024, Thornblade Club Inc generated $10.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $8.7m during the year ending 03/2024. While expenses have increased by 2.7% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
A PRIVATE CLUB FOCUSED ON ESTABLISHING A SOCIAL ENVIRONMENT TO ENCOURAGE PARTICIPATION IN AND ENJOYMENT OF VARIOUS PHYSICAL EXERCISES AND ATHLETIC ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OPERATE AS A TRADITIONAL COUNTRY CLUB IN ALL ASPECTS OF THE BUSINESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan O'sullivan President | OfficerTrustee | 1 | $0 |
Tom Thurmond Secretary | OfficerTrustee | 1 | $0 |
Andrew Mitchell Director | Trustee | 1 | $0 |
Ken Kirkland Director | Trustee | 1 | $0 |
Nathan Merritt Director | Trustee | 1 | $0 |
Paul Civils Vice-President | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Willingham Company Design Services | 3/30/19 | $137,713 |
Tom Hoch Interior Design Architectural Design | 3/30/19 | $350,000 |
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 | $10,685,643 |
| Investment income | $0 |
| 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 | -$327,988 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,502,157 |
| 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. | $463,220 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,374,388 |
| Pension plan accruals and contributions | $62,669 |
| Other employee benefits | $369,863 |
| Payroll taxes | $216,700 |
| Fees for services: Management | $13,955 |
| Fees for services: Legal | $63,520 |
| 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 | $278,753 |
| Advertising and promotion | $40,895 |
| Office expenses | $7,306 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $517,969 |
| Travel | $12,162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $222,101 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,451,867 |
| Insurance | $201,270 |
| All other expenses | $957,873 |
| Total functional expenses | $8,661,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,115,316 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $576,739 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $432,203 |
| Prepaid expenses and deferred charges | $327,429 |
| Net Land, buildings, and equipment | $13,279,124 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,730,811 |
| Accounts payable and accrued expenses | $900,303 |
| Grants payable | $0 |
| Deferred revenue | $113,500 |
| 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 | $964,244 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,530,943 |
| Total liabilities | $8,508,990 |
| Net assets without donor restrictions | $6,657,971 |
| Net assets with donor restrictions | $563,850 |
| 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 | $15,730,811 |