Cherokee Golf & Country Club Inc
- Assets
- $455.3k
- Revenue
- $506.1k
- Investments
- $0.0
- Employees
- 40
- Location
- Cedartown, GA
- Founding
- Data as of
- 02/2019
- EIN
- 58-0902175
Organization Overview
Cherokee Golf & Country Club Inc is located in Cedartown, GA. As of 02/2019, Cherokee Golf & Country Club Inc employed 40 individuals. Cherokee Golf & Country 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 02/2019, Cherokee Golf & Country Club Inc generated $506.1k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $500.9k during the year ending 02/2019. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 4 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A SOCIAL AND RECREATION CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BE A SOCIAL AND RECREATION CLUB FOR THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Cox Director | OfficerTrustee | 0 | $0 |
Doug Elliott President | OfficerTrustee | 0 | $0 |
Mike Mcrae VP | OfficerTrustee | 0 | $0 |
Rufus Johnson Director | Trustee | 0 | $0 |
Rocky Tillery Director | Trustee | 0 | $0 |
Chad Smith Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $265,896 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $146,597 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $412,493 |
| Total Program Service Revenue | $122,012 |
| 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 | -$28,449 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $506,056 |
| 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 | $223,742 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,747 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,872 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,422 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,377 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,787 |
| Insurance | $21,006 |
| All other expenses | $88,849 |
| Total functional expenses | $500,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,497 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,478 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,090 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $297,243 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $455,308 |
| Accounts payable and accrued expenses | $14,798 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $400,609 |
| Total liabilities | $415,407 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $66,250 |
| Paid-in or capital surplus, or land, building, or equipment fund | $89,728 |
| Total net assets or fund balances | $39,901 |
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