Cullasaja Club Inc
- Assets
- $18.4m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 78
- Location
- Highlands, NC
- Founding
- 05/1999
- Data as of
- 12/2021
- EIN
- 58-1734990
Organization Overview
Cullasaja Club Inc is located in Highlands, NC. The organization was established in 1999. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Cullasaja Club Inc employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cullasaja 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 12/2021, Cullasaja Club Inc generated $6.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $6.0m during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 7 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
GOLF/SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB MAINTAINS AND OPERATES FULL GOLF CLUB FACILITIES INCLUDING AN 18-HOLE GOLF COURSE, TENNIS COURTS, POOL, DINING FACILITIES, AND SOCIAL ACTIVITIES FOR THE BENEFIT OF ITS MEMBERS AND THEIR GUESTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Fine Membership Director | 40 | $351,206 | |
Chris Conner General Manager/coo | Officer | 55 | $322,270 |
Tim Lamphier Cfo/hr Director | Officer | 55 | $138,991 |
Tom Nelson Golf Course Superintendent | 50 | $135,122 | |
Charles Beurmann Head Golf Professional | 50 | $127,965 | |
Marie Jandera Executive Chef | 50 | $104,543 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Leibold Irrigation Irrigation Installation | 12/30/16 | $220,135 |
Triple H Services Contract Labor | 12/30/16 | $147,959 |
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 | $5,886,006 |
| Investment income | $2,188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$43,054 |
| Net Gain/Loss on Asset Sales | $10,618 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,002,055 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,912,030 |
| 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. | $494,340 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,524,553 |
| Pension plan accruals and contributions | $67,939 |
| Other employee benefits | $172,820 |
| Payroll taxes | $232,194 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,388 |
| Fees for services: Accounting | $31,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $310,313 |
| Advertising and promotion | $102,269 |
| Office expenses | $1,024,525 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $400,464 |
| Travel | $13,320 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,044 |
| Interest | $4,528 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,256,629 |
| Insurance | $78,294 |
| All other expenses | $247,449 |
| Total functional expenses | $5,969,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,899,133 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $261,587 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $155,960 |
| Prepaid expenses and deferred charges | $66,956 |
| Net Land, buildings, and equipment | $14,977,135 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,119 |
| Total assets | $18,372,890 |
| Accounts payable and accrued expenses | $695,591 |
| Grants payable | $0 |
| Deferred revenue | $5,547,243 |
| 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 | $2,472 |
| Other liabilities | $0 |
| Total liabilities | $6,245,306 |
| Net assets without donor restrictions | $12,127,584 |
| 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 | $18,372,890 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Liberty Bowl Festival Assn Memphis, TN | $2,194,602 | $10,839,086 |
Printing United Alliance Fairfax, VA | $29,361,359 | $6,023,644 |
Cullasaja Club Inc Highlands, NC | $18,372,890 | $6,912,030 |
National Automatic Merchandising Association Arlington, VA | $9,038,730 | $6,619,737 |
State Agricultural & Mechanical Society Of South Carolina Columbia, SC | $23,287,816 | $9,715,530 |
American Peanut Council Inc Alexandria, VA | $2,565,849 | $4,863,109 |
Friends Of The Festival Inc Chattanooga, TN | $2,789,360 | $3,355,227 |
Norfolk Festevents Ltd Norfolk, VA | $2,813,598 | $4,090,710 |
National D-Day Memorial Foundation Ltd Bedford, VA | $18,908,429 | $4,372,645 |
Sunbelt Agricultural Exposition Inc Moultrie, GA | $986,541 | $2,489,467 |
Fall For Greenville Inc Greenville, SC | $697,819 | $2,086,193 |
Virginia Beach Events Unlimited Inc Virginia Beach, VA | $1,283,401 | $2,894,814 |