Palmetto Shag Club
- Assets
- $59.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 11/2000
- Data as of
- 12/2023
- EIN
- 57-1087880
Organization Overview
Palmetto Shag Club is located in Columbia, SC. The organization was established in 2000. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Palmetto Shag Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Palmetto Shag Club generated $86.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $74.9k during the year ending 12/2023. While expenses have increased by 6.2% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
0
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,269 |
| Total Program Service Revenue | $57,098 |
| Membership dues | $14,402 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $12,758 |
| Total Revenue | $86,527 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $57,403 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,936 |
| Occupancy, rent, utilities, and maintenance | $9,418 |
| Printing, publications, postage, and shipping | $176 |
| Other expenses | $2,996 |
| Total expenses | $74,929 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $59,781 |
| Other assets | $0 |
| Total assets | $59,781 |
| Total liabilities | $0 |
| Net assets or fund balances | $59,781 |